1994

Drilling by International Barytex Resources (VSE) will further test targets on the Mel property, 80 km northeast of Watson Lake, Y.T. This year’s program, budgeted at $400,000, is aimed at firming up …

Exploration and development at the Kerr mine, near Virginiatown, Ont., have enabled Deak Resources (TSE) to upgrade production forecasts for the remainder of 1994. The mine is now expected to produce …

Drilling is planned or in progress on two gold properties held by Ecuadorian Minerals (ASE) in Ecuador. On the Gaby property, a second phase of work has begun, consisting of 23,000 ft. of diamond dril…

Ore from the Donalda gold project of Orco Resources (ME) at Rouyn-Noranda, Que., will be treated at the nearby Norbec mill. Orco has signed a contract with mill owner Metall Mining (TSE) for two years…

Having last year resolved a dispute with a major creditor, Saskatoon-based Claude Resources (ASE) is confidently building gold reserves, averaging 10-11 grams per tonne, on a ground package centred on…

Alberta-based Sherritt (TSE) has signed a joint agreement with the Cuban government to mine, process and sell nickel and cobalt on a world-wide basis. Representing the Cuban government in the arrangem…

Drilling by Cyprus Canada, a unit of Cyprus Amax Minerals (NYSE), has expanded the size of the Cache gold zone in the eastern Northwest Territories. Property owner Noble Peak Resources (ASE) discovere…

The polymetallic Grevet project in northwestern Quebec will be prepared for production in late 1985 or early 1996 at a cost of $81 million. Directors of owner Cambior (TSE) recently approved the feasi…

An advanced mining play in British Columbia has caught the eye of Vengold (TSE), the junior that holds the largest area of gold concessions in Venezuela’s Kilometre 88 district. The company plans to a…

Shareholders at Repadre Capital’s (TSE) annual meeting learned that their company could reap big rewards from diamond discoveries by Aber Resources (TSE) in the Northwest Territories. Repadre owns a 1…

Development of La Candelaria, a copper-gold mine in northern Chile, remains on schedule for startup in 1995. Phelps Dodge (NYSE) discovered the deposit in 1987 and subsequently sold a 20% working inte…

BGR Central Net Value $18.08 $7.02 Price $15.25 $7.625 Premium 8.6% Discount 15.66% Value $146,903,000 $138,077,163…