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…
1994
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 …
Cameco pushes ahead with second gold mine
Concrete will start pouring later this month on the foundation of Cameco’s (TSE) second gold mill in northern Saskatchewan. Situated in La Ronge Provincial Park, a popular canoeing and fishing area, t…
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…
Lysander options Lorraine property
Another round of exploration could begin soon on the Lorraine property, one of the earliest copper discoveries in British Columbia. Lysander Gold (VSE) plans to option the project from Kennecott Canad…
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…
NEWS ROUNDUP — New-found gold for New Island
Alberta-listed New Island Minerals has discovered a new gold zone on its Glover Island property in western Newfoundland. The discovery, called the Lucky Smoke zone, is about 8 km north of the Lunch Po…
Vengold results cause investor concern
Although the junior has expressed encouragement over drill results from its Venezuelan properties, shares of Vengold (TSE) took a tumble, dropping $2.25 to close at $5.50, following news of the result…
Triton plans expansion of Nicaraguan mine
One of the first junior mining companies to take a serious look at opportunities in Nicaragua plans to expand a gold mine in the Central American country. Triton Mining, soon to be listed on the Toron…