Wheaton to issue private placement
Junior gold miner Wheaton River Minerals (TSE) plans to issue a private placement of 500,000 units at $1.58 each to raise $790,000. Each unit will consist of one common share and one warrant. Each war…
News
Flag hits zone in Wanapitei drilling near Sudbury
A hole drilled on Flag Resources’ (ASE) Wanapitei property, northeast of Sudbury, Ont., has intersected 166.4 ft. of mineralized breccia. The 200-ft. hole, drilled to test an induced polarization anom…
Fairfield selling more gold
So far this year, Fairfield Minerals (TSE) has produced more than 6,000 oz. gold and 5,500 oz. silver from test mining on its Siwash North gold deposit near Merritt, in southern British Columbia. The …
Loki goes it alone at Brewery Creek
Junior Loki Gold (VSE) continues to work towards a Jan. 1, 1994, deadline for deciding whether it will initiate a feasibility study for its Brewery Creek gold project, 57 km east of Dawson City, Y.T. …
Cercal drills first hole in Portugal
The first drill hole on Cercal Minerals’ (ASE) joint-venture base metal property in Portugal has been completed to a depth of 803 metres. The vertical hole, the first of eight, was drilled to test gra…
Inco and union reach initial deal
Toronto-listed Inco and its Manitoba division have reached a tentative deal in contract talks with Local 6166 of the United Steelworkers of America. A ratification vote was scheduled for Sept. 15, det…
LAST BUT NOT LEAST — Drilling planned for Golden Quail
Drilling on the Golden Quail property in San Bernardino Cty., Calif., is to begin shortly. Joint-venture partners Golden Quail Resources and Golden Hemlock Resources (VSE) have received permits for 10…
Miramar approves Con acquisition
Directors of Miramar Mining (VSE) approved a previously announced acquisition from Red Lion Management of the Nerco Con underground gold mine. Nerco (NYSE), owner of the mine, will receive US$25 milli…
NEWS ROUNDUP — Ecudor revises Dona Lake agreement
A revision has been made to an agreement allowing Societe Miniere Ecudor (ME) to earn a 49% interest in the Dona Lake mine, near Pickle Lake, Ont. The Rouyn-Noranda, Que.-based company acquired a 9% i…
Gold City hits copper-gold at Midway
Reverse circulation drilling at the Midway project in southern British Columbia has encountered copper and gold mineralization. Three holes drilled to test a 100-ft.-wide shear zone on the Ket 28 prop…
Treminco plans winter drilling in N.W.T.
Recent field programs by the Yellowknife Greenstone Belt Syndicate have indicated the potential for large, shear-hosted gold deposits on properties near Yellowknife, N.W.T. Treminco Resources (TSE) ha…
Gulf Int’l courts Tajiks for properties
The government of Tajikistan has given Gulf International Minerals (VSE) the exclusive right to any of the hardrock projects in the former Soviet republic. The agreement, signed by the country’s presi…