1994


Caribgold drilling Cuban project

Drilling has begun on Caribgold Resources’ (TSE) Descanso-Melonera gold project near the city of Santa Clara in west-central Cuba. Previous work by Cuban geologists outlined a high-grade gold vein sys…



Martel goes south to promote Ontario

Ontario’s mines minister made a special trip to Florida recently to pitch her province’s mineral exploration opportunities. Addressing the third annual “Investing in the Americas” conference, which br…


EDITORIAL PAGE — Babbitt vs. Barrick

In each of the years between 1980 and 1992, the U.S. Department of the Interior had issued, after proper review, between 28 and 94 mineral patents. Strangely, early in March of last year, the flow of …


Mining opportunities in Latin America featured

The mood was bullish at the third annual “Investing in the Americas” conference, which brings together the mining sectors of North, Central and South America. The 5-day show, staged at an ocean-side h…


Lac drops Chilean El Abra project

Lac Minerals (TSE) has opted to discontinue participation with Cyprus-Amax Minerals (NYSE) in development of the Chilean copper project known as El Abra. Based on technical work carried out by Cyprus …


Deak ups reserves as Cyprus drops option

An option agreement between Cyprus Canada and Deak Resources (TSE) concerning three zones — the Kerr Mill, “G” and South — near Virginiatown, Ont., has been terminated. Deak and its subsidiaries wil…


LAST BUT NOT LEAST — Fairfield chalks up earnings

Sales of about 13,000 oz. gold in 1993 netted Fairfield Minerals (TSE) an after-tax income of $1.59 million or about 24 cents per share. The production came from bulk sampling programs at the company’…



Aurex works Pascualas copper play in Chile

Drilling is set to begin on the Chilean project known as Las Pascualas, in which Aurex Resources (VSE) can acquire a 90% interest by paying US$2.1 million over seven years. A 3,500-metre surface and u…


Aur Res. to start drilling at Mainstreet

Toronto-based Aur Resources (TSE) is planning to drill the 7-claim Mainstreet base metal property. The concession, wholly owned by Beaufield Resources (VSE), adjoins Aur’s Lugold property in Louvicour…


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