Minto focuses on Yukon projects
Having completing an initial public offering, earlier this year, to net $900,000, Minto Explorations (VSE) has arranged a further $530,000 in funding. Teck (TSE) and Asarco (NYSE) each bought 190,000 …
1994
TSE INDICES (July 25, 1994)
— 1994 — Jul 19 Jul 18 Jul 15 Jul 14 Jul 13 High Low Composite”300″ 4190.61 4199.83 4193.41 4195.74 4140.55 4609.93 3518.31 TSE 100 Index 253.08 253.83 253.56 253.89 250.25 277.47 238.43 Metals&Mine…
Armada options Siberian plays
With a Siberian gold tailings project already in the works, Armada Gold (ASE) has enlarged its Russian portfolio by acquiring two hard rock mining ventures. The company has agreed to earn a 49% intere…
MSV hits new intersections at Cedar Bay mine
Five new holes drilled at MSV Resources’ (ME) Cedar Bay mine have encountered significant gold and copper values. The holes were drilled between the 3,000 and 3,300 levels toward the Cedar Bay mine fr…
Freewest opts to participate in Holloway project
With construction already under way, Freewest Resources (TSE) has elected to maintain its 33.86% interest in the Holloway gold project near Matheson, Ont. The project was given the green light in Apri…
Freeport reports new copper find
Freeport-McMoRan Copper & Gold (NYSE) has discovered a copper deposit about 1 km southwest of its Grasberg deposit in Irian Jaya, Indonesia. The discovery was made at the company’s Lembah Tembaga pros…
San Fernando adds to treasury
Additional funds are now in hand for continued exploration of La Fortuna, a gold-copper property in Mexico’s Durango state. Owner San Fernando Mining (VSE) has completed a private placement of 1.9 mil…
THE LATIN BEAT — Bolivar Goldfields outlines gold resource
Based on drilling and trenching results, Bolivar Goldfields (VSE) estimates an initial resource of 700,000 oz. gold for its Tomi concession in Venezuela’s Bolivar state. Most of this is contained in h…
TSE SHORT POSITIONS (July 25, 1994)
Semi-monthly reports as of Jun 30, 1994 showed 249,548,306 shares of 870 issues compared with 248,555,294 shares of 866 issues on Jun 15, 1994. Larger individual positions included: Aber 51,200, down …
Curator calculates tonnage for Boleo cobalt project
The Boleo project in Baja California Sur, Mexico, is estimated to contain 141 million tonnes grading 2.67% copper and 0.082% cobalt. The drill-indicated and inferred estimate was recently calculated b…
Tiomin announces positive prefeasibility on its heavy mineral
A 2-part prefeasibility study has confirmed the viability of Tiomin Resources’ (ME) heavy mineral sands project on Quebec’s North Shore. The first part studied the establishment of a mining and minera…
R.S. Jones was renowned engineer
R. Stewart Jones, P.Eng., A.C.S.M., was tragically killed in a car accident on July 3, in Toquepala, Peru. He was 46. Jones was the chief plant engineer, area engineer and chief mining engineer during…