NEWS ROUNDUP — Armeno closes San Bartolome
Continuing operating losses at the San Bartolome mine in Ecuador have prompted owner Ag Armeno Mines & Minerals (VSE) to wind up the operation. The mine is held by a wholly owned subsidiary of the com…
1994
NEWS ROUNDUP — Sharpe, Freewest program
Drill-testing is planned for the Jump River project in north-central Wisconsin. The objective is to test for possible extensions of the Bend and Horseshoe deposits and to test nearby geophysical condu…
NEWS ROUNDUP — Bolivar cuts Cuban deal
An agreement with the Cuban government gives Bolivar Goldfields (VSE) a half interest in the exploration and development of four concessions in that country. The properties comprise more than 7,900 sq…
METAL PRICES (December 05, 1994)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne…
NEWS ROUNDUP — Minefinders options property
Toronto-based Minefinders (VSE) can obtain the Lista Negra silver property in Mexico’s Sonora state. Sampling by means of a hammer percussion drill has returned up to 23.05 oz. silver per ton from a s…
NO HEADLINE (December 05, 1994)
Price (US) Week’s Change Gold* $382.35 ” $2.15 Silver* $5.08 ” $0.09 Platinum* $409.60 ” $0.90 Nickel** $3.64 + $0.20 Lead** $0.29 ” $0.01 Copper $1.36 + $0.10 Zinc $0.51 ” $0.01 Courtesy of Scotiaban…
Asia Pacific works potash deposit
Vancouver-listed Asia Pacific Resources continues to develop the Udon Thai potash deposit near Bangkok, Thailand. The junior holds a 75% interest in the 2,333-sq.-km concession, its partners being the…
Breakwater files rights prospectus
Toronto-listed Breakwater Resources has filed a prospectus for an offering of rights to buy up to 239.5 million Breakwater shares at 10 cents each. Each shareholder would receive one right for each sh…
Pacific Sentinel sizes up Casino
Junior Pacific Sentinel Gold (VSE) has released a reserve figure for its Casino gold-copper deposit in south-central Yukon. The potentially open-pit deposit hosts 119.3 million minable tonnes containi…
Rio Narcea explores Spanish prospect
Recent drilling has shed new light on the geology of El Valle, a gold project in northern Spain. Toronto-listed Rio Narcea Gold Mines now believes the Northern Block and West Breccia zones are connect…
Diabior, Garde find more gold
Montreal-listed partners Explorations Diabior and Garde, Societe d’Exploration Miniere have uncovered additional gold mineralization on their La Grande property in the James Bay Lowlands of Quebec. Tr…
Geomaque gets environmental permits for mine
Toronto-listed Geomaque Explorations has obtained the environmental permits that will enable it to operate the San Francisco mine in Mexico’s Sonora state. The heap-leach gold mine is being designed a…