Great Lakes advances Lluvia de Oro
Development of a second gold deposit is in the works for Great Lakes Minerals (TSE). With cash flow expected by year-end from its 20%-owned Grouse Creek gold mine in Idaho, the company has commissione…
1994
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 — West Fork gold values
Gold values are reported from a drilling program at the West Fork project in Guyana. Situated in the Cuyuni mining district, the project is owned jointly by Roraima Gold (VSE) and Golden Star Resource…
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…
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…