Roycefield drills antimony-gold bet
Drilling by Roycefield Resources (ASE) on the Central zone of the Beaver Brook antimony-gold prospect in central Newfoundland has delineated reserves of 134,000 tons averaging 5.76% antimony and minor…
1994
LATIN AMERICAN SPECIAL — Colombia attracts Canadian miners
Long known as one of the world’s leading emerald producers, Colombia is now emerging as a location for renewed gold exploration. This is due to two factors: one is that little of the country has been …
Cyprus acquires Cerro Verde mine
Cyprus Climax Metals, a wholly owned subsidiary of Cyprus Amax Minerals (NYSE), has acquired 91.5% of a government-owned company which operates a copper mine in Peru. The 20-year-old Cerro Verde mine …
Ramrod to acquire San Andreas
Toronto-listed Consolidated Ramrod Gold is poised to acquire all issued and outstanding shares of San Andreas Resources (VSE). According to an agreement in principle, one common Ramrod share plus one …
NEWS IN BRIEF (April 11, 1994)
Vangold Resources (VN: VSE) has changed its name to Pacific Vangold Mines (PVM: VSE) on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
LAST BUT NOT LEAST — Crown to list Solitario
Denver-based Crown Resources (TSE) plans to list its 85.7%-owned subsidiary, Solitario Resources, on the Toronto Stock Exchange. The company filed a preliminary prospectus for an initial public offeri…
LAST BUT NOT LEAST — Crude steel output on rise
Developing countries produced 127.8 million tonnes of crude steel in 1993, up 9% from 1992, the International Iron and Steel Institute reports. It was the first year in which global production in thes…
Minefinders options five prospects
Toronto-listed Minefinders has optioned from Equinox Resources (TSE) a 51% interest in each of five gold properties in the western U.S. Four properties are in north-central Nevada and encompass 3,800 …
LATIN AMERICAN SPECIAL — Guyana, Suriname, French Guiana —
The current interest in South America’s gold potential owes much to the pioneering activities of Golden Star Resources (TSE) at at time when foreign projects were usually discounted by investment anal…
Green light for Eskay Creek
The British Columbia government has awarded a mine development certificate to Prime Resources Group (TSE) for its Eskay Creek gold project 80 air-km north of Stewart. The project was given a full tech…
TVI issues special warrants
To finance exploration of its holdings in the Philippines, TVI Copper (ASE) will issue 3.75 million special warrants at 80 cents each for gross proceeds of $3 million. Yorkton Securities will act as t…
EDITORIAL PAGE — Down but not out
At times, it seems as if practically the whole of the Canadian exploration fraternity has packed its bags for Chile or Mexico or Peru or some other distant land. But in spite of the serious barriers e…