Caterpillar finances Bema equipment
Equip-ment financing for the Refugio gold project owned 50% by Bema Gold (TSE) has been arranged through Caterpillar America and its Chilean distributor. Caterpillar will supply up to US$24.6 million …
1991
Adonos acquires second rutile play
A second rutile (titanium) property in northern Chile has been acquired by Adonos Resources (VSE). The company said surface investigations of the wholly owned La Rosada property indicate the potential…
Fort Knox keeps setting new highs
Further work on Fort Knox Gold Resources’ (TSE) claims in Fawcett Twp., Ont., will get under way as soon as financing is complete, says Wayne Whymark, vice-president of exploration. “I am quite confid…
Giant Pacific seeks funds for projects in Nevada and Mexico
Australian financier Chrisilios Kyriakou, who was ousted three years ago from the board of Pamour Inc., is making a comeback in the gold mining business. Kyriakou’s private firm Walhalla Mining is pla…
Taysan study completed
A study by Fluor Daniel Wright Engineers has confirmed previous estimates made by Chase Resources (VSE) on the Taysan copper project in the Philippines. Chase has an option to purchase a 59.9% interes…
Lone Tree mine pours first gold
The first gold was poured recently at the Lone Tree mine of Santa Fe Pacific Gold, a unit of Santa Fe Pacific Corp., near Winnemucca, Nev. Output of 28,000 oz. gold is estimated for 1991 from the mine…
Guest Column (November 04, 1991)
In my early trading youth in the U.S., a company that successfully climbed the corporate ladder would follow a definitive path in the trading of its securities. When it first went public, it would be …
Alberta Stock Exchange (November 04, 1991)
Goldhunter Explorations jumped to the top of the most active list as the company announced an option on ground next to the recent base metal discovery of Fort Knox Gold Resources. Trading 615,500 shar…
Fortune’s samples give gold values
Recent work by Fortune Minerals (CDN) on its Robin claims in the Russell Lake area of the Northwest Territories has returned encouraging results. A batch of 10 grab samples taken along the southern ex…
Loki, Hemlo discover new gold zone at Brewery Creek
A recent exploration program has identified a new gold zone and new geochemical anomalies which partners Hemlo Gold (TSE) and Loki Gold (VSE) believe could increase the reserve potential of the Brewer…
Mirage reaches target depth
A borehole designed to test the Wanapitei anomaly northeast of Sudbury, Ont., has reached its target depth of 1,500 metres without hitting any economic mineralization, says Paul Severin, manager of ex…
Cigar Lake mines first ore at high-grade uranium deposit
Cigar Lake Mining says it has successfully completed the first test mining of the Cigar Lake uranium deposit in Saskatchewan. Using a remote-controlled boring machine, the company mined the orebody fr…