Correction (January 10, 1994)
The 47 million tons of mineralization reported by Hycroft from its Brimstone exploration program are not additional to the 45 million tons contained in the Crofoot-Lewis mine in Nevada, as stated in o…
News
Rea options advanced project in eastern Nevada
Under an option agreement, Rea Gold (TSE) can acquire the Mount Hamilton gold project in eastern Nevada. Rea is completing a due diligence review which should be finished early in the first quarter. I…
Equinox, Hecla merger progresses
Equinox Resources (TSE) and Hecla Mining (NYSE) have agreed to amalgamate on the basis 0.3 Hecla shares for each share of Equinox tendered. Goepel Shields & Partners, Equinox’s financial advisers, fou…
COMMENTARY — The value of the prospector (January 10, 1994)
The prospector is the most useful man to commerce and the most valuable man to civilization. No prospectors, no mines. No mines, no civilization. Political economists tell us that, next to agriculture…
Piskahegan acquires Mount Pleasant in New Brunswick
The Mount Pleasant property in New Brunswick is getting a new look. Piskahegan Resources, a private company controlled by overseas investors, has acquired the project from Billiton Metals Canada and L…
STOCK MARKETS — Golds add oomph to New Year
Now that’s the way to kick off trading on the first day of a new year. The Toronto Stock Exchange 300 Composite Index, fueled largely by the gold sector, climbed 47.11 points on Jan. 4 to close our re…
PEOPLE — GETCHELL RESOURCES (January 10, 1994)
Bud Smith appointed director.
PEOPLE — GLOBALTEX COAL MINING
David Fawcett appointed president.
EDITORIAL PAGE — Country risk
It wasn’t so many years ago that most Latin American countries were strictly beyond the pale for North American investors. Military dictators, political corruption and graft, popular uprisings and sus…
PEOPLE — HUNTINGTON RESOURCES
Roger McInnis appointed president; Werner Gruerwald appointed vice-president; Darrel Johnson appointed director.
Kasperske Hory drilling under way
Drilling is under way at the Kasperske Hory gold project, 80 miles southwest of Prague in the Czech Republic. Two Vancouver-listed partners — Paramount Ventures & Finance and Royalstar Resources — h…
PEOPLE — STAR OF MINETA (January 10, 1994)
Richard Collins appointed director.