Cusac secures funds for Table Mountain
Financing to place the Table Mountain project back into production is largely at hand for owner Cusac Industries (TSE). The company has secured a 14-month, US$2-million loan from a Swiss investor. The…
News
THE DIAMOND PAGE — Tanqueray and partners release Yamba Lake
Joint-venture partners Tanqueray Resources (VSE), Mill City Gold Mining (ASE) and Fibre-Klad Industries (VSE) have released results from the first hole of this year’s drilling on the Yamba Lake proper…
Orvana intersects high grade at Butte Highlands
The first hole of a planned US$300,000 program at the Butte Highlands gold project in central Montana has intersected 225 ft. grading 0.69 oz. gold per ton from 755 ft. to 980 ft. Orvana Minerals (TSE…
STOCK MARKETS — Government dumping gold as price creeps
Canadian government gold sales are heading for a record high this year. To the end of September, the Bank of Canada saw fit to dump nearly 2.9 million oz., which is close to the total of three million…
OPINION — The changing world of finance
Four basic positive factors are driving change in the world of finance and will continue to shape events for years to come: technology, globalization, deregulation and demographics. The most important…
Cambior benefits from Omai output
The Omai mine in Guyana helped to push gold production for Cambior (TSE) during the first nine months of 1993 to 381,122 oz., a 42% increase compared with the same period last year. The open-pit mine,…
Morgain completes private placement
A private placement of up to $3.96 million has been arranged to fund a prefeasibility study on the Cuatro Hermanos copper property in Mexico’s Sonora state, reports Morgain Minerals (VSE). The placeme…
Aur drilling for diamonds in N.W.T.
Drilling has begun on the McConnell diamond project, northeast of Yellowknife, N.W.T. The property, a joint venture among Aur Resources (TSE), Thunderwood Resources (TSE), Consolidated Abitibi Resourc…
Comstate arranges special warrant private placement
A private placement of 5.5 million special warrants at $1.05 each has been arranged by Comstate Resources (TSE). Each warrant will be exchangeable for one common share of Comstate at no additional cos…
Grouse Creek on-stream in late 1994 — Great Lakes buys slice
In a bit of a twist from the norm, junior company Great Lakes Minerals (TSE) has signed a deal with New York-listed Hecla Mining, a senior producer, to fund part of the development of Hecla’s Grouse C…
Wheaton looks to new gold reserves
Drilling on the Golden Bear property in northwestern British Columbia has returned gold intersections in two separate areas. The mine is wholly owned by North American Metals (VSE). Wheaton River Mine…
PEOPLE — HECLA MINING CO.
April Robertson appointed director of public relations.