Placer to buy stake in Orex’s Goldboro
Toronto-listed Placer Dome can acquire a 65% interest in the Goldboro property in Guysborough Twp., N.S. To do so, it must pay $30 million to Orex Resources (ME) and make various exploration and devel…
1994
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…
Minorco acquires Lisheen interest
The Lisheen zinc-lead deposit in Ireland will be developed by Minorco and Ivernia West. Following a decision in September by the Irish High Court in its favor, Ivernia acquired the 52.5% interest in t…
Hyundai acquires Anvil Range shares
Having bought the Faro property in the Yukon, Anvil Range Mining has entered into an agreement with Hyundai of Korea involving the sale of Anvil shares worth $24.5 million. Hyundai will acquire almost…
Echo Bay exploring Mexican gold project
Exploration results from the Paredones Amarillos gold property in northwestern Mexico are providing encouragement for Echo Bay Mines (TSE) and Baja Gold (TSE). “Echo Bay has indicated to us that this …
NEWS ROUNDUP — Cominco finds Turkish delight
Northeastern Turkey is the site of a new gold discovery by Cominco Resources International (TSE). Situated in the same geological setting as the nearby Saray property, the Rhodo prospect consists of t…
Lexam explores three areas
Junior Lexam Explorations (ME) is exploring within three regions of North America. In June, the company signed an agreement with BHP Minerals Canada for the joint exploration of Lexam’s Mackenzie gold…
EXPLORATION ’94 — Lithos receives promising results
Montreal-listed Lithos stands a good chance of being able to produce high-grade lithium oxide at its Sirmac property near Chibougamau, Que. Air flotation column tests by Centre de Recherche Minerale d…
Athabaska tallies Nicholas tonnage
Having recently carried out underground drilling at the Nicholas Lake property near Yellowknife, N.W.T., Athabaska Gold Resource (TSE) is recalculating the resource. Intersected widths ranged up to 59…
PRODUCER PRICES (November 28, 1994)
ALUMINUM: MW U.S. market US89.5 cents-90.5 per lb. (Nov. 11, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…
EXPLORATION ’94 — Yukon coal play gives boost to Cash share
Excitement is not an emotion normally associated with the coal sector, the average investor being more susceptible to the lure of precious and base metals plays. However, Robert Dickinson, Robert Hunt…
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…