Chesbar trenching in Venezuela
Two high-grade sections were encountered during trenching in saprolitic material on La Salle, a gold concession in southeastern Venezuela. Operator Chesbar Resources (ME) and partner VenCan Gold (ME) …
1994
NEWS ROUNDUP — Queenston issues private placement
A group of Canadian investors has negotiated a private placement in Queenston Mining (TSE). The financing consists of one million units at 80 cents each. The units consist of one share and one warrant…
T&H interested in cement plant
Junior T&H Resources (TSE) is negotiating with Michael Zhang for the right to acquire up to a 60% interest in a cement plant, near Changchun in southeastern China. By way of a private placement, Zhang…
Hemlo lawsuit back in courts
The battle for riches from Ontario’s famous Hemlo gold camp is back in the courts. Three motions are to be heard this week in the Ontario Court, General Division, regarding the 7-year-old lawsuit brou…
EXPLORATION ’94 — Santa Fe options Calneva claims
Under an option agreement with Calneva Resources (VSE), a unit of Santa Fe Pacific will explore claims in Nevada’s Crescent Valley. Santa Fe can earn a 65% interest in Calneva’s Blue Spider claims by …
EXPLORATION ’94 — Mining sector in Newfoundland on recovery
It has been a while coming, but Newfoundland’s mining recession is starting to lift, says the province’s mines minister, Rex Gibbons. Mining companies and individual prospectors are expected to spend …
EXPLORATION ’94 — Gitennes, Kenrich and Ambergate announce
A proposal to merge Gitennes Exploration (ASE) with Kenrich Mining (VSE) and Ambergate Explorations (VSE) would provide the amalgamated company with a broad base of exploration properties in Canada. T…
MSV opens up new greenstone belt
Having acquired the local mining assets of Westminer Canada in February, 1993, MSV Resources (TSE) now finds itself with excess milling capacity. The 3,000-tonne-per-day mill, situated at Copper Rand …
Musto, MIM proceed with Alumbrera
YMAD, the Argentine state-owned mining company, has received notice of the decision of International Musto Explorations (Antigua) to develop the Bajo de la Alumbrera gold-copper deposit. Musto has opt…
PDAC honors five with awards
The Prospectors and Developers Association of Canada (PDAC) has named Neil Hillhouse “Prospector of the Year.” Other award winners, who will be honored at the March 7 banquet of this year’s PDAC conve…
EXPLORATION ’94 — U.S. Bureau of Mines undergoes review
The U.S. Bureau of Mines (USBM) has been involved in an extensive program review as part of the National Performance Review undertaken by U.S. Vice-president Al Gore at the direction of the president….
EXPLORATION ’94 — Busy Manitoba exploration scene
Major exploration efforts in Manitoba in 1993 remained directed at base metals, but new commodities, notably diamonds, continued to increase in importance on the exploration scene. The recent improvem…