1994


Law of the Sea treaty covers mineral rights

The Law of the Sea, a complex and controversial international treaty that sets down rules on how the seas’ bounty will be used, came into effect in mid-November. The United Nations treaty also tackles…




Peruvian Gold explores Agua Verde gold property

A copper-bearing, skarn-intrusive contact on the Agua Verde property of southern Peru is the focus of extensive sampling by Peruvian Gold (VSE). An intrusion into host sedimentary units by an ellipsoi…


INSIDER TRADING — Agnico-Eagle execs sell shares

Two directors and one senior officer of Agnico-Eagle Mines (TSE) exercised options and sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, senior offic…


Diabior, partner test La Grande

Montreal-listed partners Exploration Diabior and Garde Societe d’Exploration have begun exploring La Grande property near Radisson, Que. Stripping, trenching and sampling will be performed in an effor…


Drill results reported from Goldfields play

Toronto-listed Greater Lenora is encouraged by drill results from its Goldfields project in northern Saskatchewan. The assays are from 11 infill holes and three deep exploration holes drilled in the B…


Positive study for Andacollo

Management of Canada Tungsten (TSE) plans to develop the Andacollo copper property in Chile, with the red metal to be recovered by solvent-extraction electrowinning. The Vancouver-based company (now h…


Eight new inductees to Mining Hall of Fame

The Canadian Mining Hall of Fame will induct eight individuals at its annual dinner on Jan. 9, 1995, in Toronto. Established seven years ago, the Hall honors legendary minefinders and builders who con…


Mixed results for Pegasus

Higher revenues were somewhat offset by higher cash operating costs and lower total gold production for Pegasus Gold (TSE) during recent months. For the third quarter, Pegasus earned US$832,000 on rev…


Bre-X extends gold zone

A second phase of drilling continues to expand the potential of the Busang gold project in East Kalimantan, Indonesia. In addition, operator Bre-X Minerals (ASE) reports that mapping work has extended…


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