1994

NEWS ROUNDUP — Skyline outlines Bronson porphyry

Toronto-listed International Skyline Gold has released a reserve estimate for its Bronson Slope property in northwestern British Columbia. Based on 2,855 ft. of drilling last fall, combined with 7,461…


Golden profit at Cambior

Substantially increased gold production in 1993 helped Cambior (TSE) record its highest revenue since the company’s inception in 1986. Gold output rose 46% to 518,083 oz. last year and revenue was 50%…


Mineral investments in China

China represents one of the last great frontiers for mining companies looking for global possibilities, says Metals Economics Group in China: Emerging Minerals Opportunities. The study cites three fac…



Metall withdraws Int’l Musto bid

In what appears to be the final play in its bid for a stake in the Bajo de la Alumbrera project, Metall Mining (TSE) has withdrawn its bid for all the shares of International Musto Explorations (TSE)….


Correction (February 28, 1994)

Funds raised by Altai Resources (TSE) through a 100,000-share private placement at $3 per share (T.N.M., Jan. 31/94) will be used for seismic survey work on gas permits in Quebec. Altai has interests …


NEWS ROUNDUP — Francisco adds to treasury

Armed with more than $8 million from a private placement, Francisco Gold (VSE) is stepping up exploration in Mexico and Venezuela. The placement includes 2.5 million special warrants at $3.33 each. Th…


NEWS ROUNDUP — $10 million for Manhattan

A $10-million private placement will enable Manhattan Minerals (VSE) to explore and develop three properties in Mexico. Most of the proceeds ($6 million) will be spent on the Moris gold project in the…


Westmin to process Snip concentrates

The Premier Gold mill is being modified to process 8,000 tonnes of concentrates from the Snip gold mine in northwestern British Columbia. Westmin Resources (TSE) will process a year’s production from …


Nebex hits gold in Shear 20 zone

A hole drilled by Nebex Resources (ASE) to test a deep, induced-polarization anomaly has intersected what appears to be a new gold zone near Yellowknife, N.W.T. Averaging 0.32 oz. gold per ton over 16…


Altai acquires more Peruvian prospects

Toronto-listed Altai Resources has acquired two new copper projects in Peru. The Achanizo deposit, in Caraveli province, contains seven known veins which range from 300 to 1,200 ft. in length and aver…


Republic Goldfields finds two new zones

Vancouver-listed Republic Goldfields has identified two potential open-pit zones at the Congress gold project in Arizona. Reverse circulation drilling has partially defined the Golden Wave and Bellick…


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