News

Exploration is winding down on properties near Placer Dome’s Mt. Milligan copper-gold deposit in central British Columbia. Noranda Exploration carried out a program on the Mitzi property in June and J…

Junior Adrian Resources (VSE) released assay results for eight holes drilled on its Petaquilla property before a break in field operations over the Christmas season. The Panamanian copper project is h…

Sales of rough diamonds through DeBeers’ Central Selling Organization (CSO) were 28% higher in 1993 than in the previous year, DeBeers reports. Sales for the year were US$4.4 billion compared with US$…

San Andreas Resources (TSE) is preparing an updated reserve estimate for its Prairie Creek mine property, 300 miles west of Yellowknife, N.W.T. The company expects to release the information in Januar…

Surface sampling and drilling demonstrate that the gold-bearing zone of the Beta Vargas deposit in Costa Rica is open to the east and at depth. Lyon Lake Mines (ME) has completed 17 reverse circulatio…

Michael Briggs and Richard Simmons appointed directors.

(The following story is characteristic of the life and death of many placer miners in early years. The individual described, Stumpy Wicks, worked on the Coeur d’Alene River, in Idaho.) Stumpy Wicks wa…

Junior gold miner Wheaton River Minerals (TSE) has sold its Ketza River property, near Ross River, Y.T., to YGC Resources (VSE). In return, Wheaton will receive three million YGC shares, giving it a 4…

Winston Yau appointed president and director; Stanley Ma appointed director.

T&H Resources (TSE) says its Damoti Lake property in the Northwest Territories has been brought to lease. Limited sampling on the shore of Damoti Lake proved disappointing. However, geophysical work a…

Glen Dacres appointed director.

Peter Olander appointed president; Gordon McCreary appointed chairman of the board; Bruce Purcell appointed honorary chairman of the board.