1994

Exploration will begin in mid-July on the Zo lead-zinc-gold-silver property in the Tulsequah region of northwestern British Columbia. The property, owned by Firesteel Resources (ASE), has not been dri…

Vancouver-listed Minorca Resources is issuing 380,000 common shares in a private placement at 79 cents per share. The junior will use the $300,200 in proceeds to complete a feasibility study of its Te…

Junior Eurus Resource (VSE) has been granted a 4-week extension to pay US$1.6 million owed to Crystallex International. The payment is one of a series Eurus is required to make to maintain its option …

The Quebec Mining Association will be involved in the production of eight half-hour television shows about mining in Quebec and Canada. The series will be shown on Radio-Canada this summer and on Radi…

Highland Valley Copper posted sales of $274.3 million for 1993, down from $373.9 million reported for 1992. The decrease is mainly due to lower copper prices. The open pit, near Logan Lake, B.C., prod…

Resources giant Noranda (TSE) is hoping to raise US$300 million through a 10-year debenture offering. Proceeds from the 818% debentures (to mature June 15, 2004) will be used, in part, to buy addition…

Drilling by Teck (TSE) will test extensions of known copper mineralization, as well as new targets, on the Rainbow claim group optioned from Getchell Resources (VSE). The major can earn a 70% interest…

Toronto-based Minefinders (VSE) will not proceed with the previously announced “best efforts” private placement through Canaccord of 500,000 units at $4.20 per unit. The junior says it is well funded …

Shares of Canmine Resources have begun trading on the Alberta Stock Exchange, having been previously listed on the Canadian Dealing Network. Later this month, Canmine hopes to drill a new target on it…

The Africa Emerging Markets Fund is expected to be fully invested by the end of 1994. The fund, which will invest primarily in equity and equity-related securities, was created during the second half …

CDN-listed Gregor Goldfields is stripping and drilling, on 245-ft. centres, a gold-mineralized structure in the Hemlo area of northern Ontario. The company has confirmed a “tectonic deformation zone” …

Montreal-listed MSV Resources has intersected five zones of gold-copper mineralization in one hole at the Cedar Bay mine near Chibougamau, Que. The best intersection averaged 0.445 oz. gold per ton an…