Sunshine to open Peruvian office
Idaho-based Sunshine Mining (NYSE) will open an exploration office in Lima, Peru. The company has commissioned a study of Peruvian mine concentrates to determine their compatibility with Sunshine’s hy…
1994
Surprise takeover bid is winning converts — Royal Oak offers
In a classic case of David taking on Goliath, middle-tier gold producer Royal Oak Mines (TSE) has launched an aggressive takeover bid for senior gold miner Lac Minerals (TSE). A successful takeover wo…
Diamond studies confirm potential at Lac de Gras
Shareholders of Dia Met Minerals (TSE) have been told that the latest bulk-sampling programs, involving several kimberlites, are providing encouraging results which may lead to development of Canada’s…
Central Crude plans drill work
The new owner of Central Crude (TSE) plans to spend about $500,000 on a definition and exploration drilling program at its Eagle River gold property near Wawa, Ont. At the annual meeting, President Co…
Two miners killed at Eagle Point
Two miners were killed at the Eagle Point uranium mine in northern Saskatchewan when a large piece of rock fell off the side wall. Project operator Cameco (TSE) closed the underground area pending an …
B.C. opportunities attract Aquaterre
Three properties on British Columbia’s coast will be explored this season by Aquaterre Mineral Development, a junior soon to be trading on the Vancouver Stock Exchange. Aquaterre is headed by Thomas W…
DIAMOND PAGE — NorthernEra merger on hold pending Tli Kwi
Commercial production of silica is under way at the property of Ressources Temisca (ME) in St-Bruno-de-Guigues, Que. President Gilles Fiset says his company has a plant on site with annual capacity of…
Gold Fund invests in Greenstone
The Emerging Market Gold Fund (EMGF) intends to buy US$5 million worth of Greenstone Resources’ (TSE) convertible preferred shares and will be granted warrants to buy US$5 million of that company’s co…
Bre-X encouraged by drill results
Exploration of three projects in Indonesia is yielding encouraging results for Bre-X Minerals (ASE). At the Busang prospect in East Kalimantan (on the island of Borneo), two holes drilled into the Sou…
Skyline drilling Aztec property
Drills are turning on the Aztec property in the northeastern Mexican state of Coahuila. International Skyline Gold (VSE), 70% owner, says the first hole of the planned 4,500-ft., 14-hole program confi…
Monarch pours first gold
At its annual meeting, Monarch Resources (TSE) revealed that it has already begun pouring gold at the Camorra mine in Venezuela’s El Dorado region. The mine, which has probable reserves of more than 4…
NEWS ROUNDUP — Shell selling Collahuasi stake
The one-third interest of Shell in the developing Collahuasi copper project in Chile will be offered for sale to the highest bidder among 12 selected mining companies. A Shell spokesman did not disclo…