Teck options claims
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…
1994
NEWS ROUNDUP — No placement for Minefinders
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 …
NEWS ROUNDUP — Canmine lists on Alberta exchange
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…
LAST BUT NOT LEAST — African fund near full investment
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 …
LAST BUT NOT LEAST — Gregor drills Hemlo area prospect
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” …
NEWS ROUNDUP — MSV hits zones at Cedar Bay
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…
NO HEADLINE (June 20, 1994)
Monk increases Argentine property holdings Alberta-listed Monk Gold & Resources has agreed to acquire a 39% interest in the Neuquen River gold project in west-central Argentina from privately owned DS…
Volatility of metal prices persists
Metal prices continue to show increasing volatility as it becomes more and more evident that supply-demand factors are no longer the primary motivation for price changes. In some cases, prices are ign…
Call our bluff! Give us our permits!
Most people support environmental protection and enhancement programs, but they also want jobs and financial security. Echo Bay Mines is one of the job makers in Canada and the U.S. We’re not big, but…
PEOPLE — IMPACT MINERALS (June 20, 1994)
Ronald Singh appointed director.
PEOPLE — INDEPENDENCE RES. (June 20, 1994)
Ian Park appointed director.
Echo Bay options IGR ground in western Africa
Gold-producer Echo Bay Mines (TSE) can earn a half interest in the Ghanaian properties of International Gold Resources (TSE), excluding the Bibiani project area. IGR has six concessions totaling 200 s…