Teck to fund Petaquilla study
Vancouver-based Teck (TSE) plans to fund a final feasibility study of the Petaquilla copper deposits in Panama, which were the subject of a preliminary study by Kilborn Engineering. A recent agreement…
1994
Gossan drills iron-titanium play
Partners Gossan Resources (VSE) and the Cross Lake First Nations Band have arrived at a resource estimate based on drilling in the eastern portion of the Main Central zone at the Pipestone Lake projec…
Freewest to drill Verneuil gold play
Another phase of diamond drilling is set to begin on Golden Tag Resources’ (VSE) 44-claim Verneuil Twp. gold prospect in northwestern Quebec. The property, owned 60% by Golden Tag and 40% by Gold Hawk…
USMX drills Alaskan property
At the Illinois Creek property in Alaska’s interior, drilling by USMX (TSE) has confirmed the presence of the gold-silver resource previously calculated. The property, situated within 62,480 acres of …
Chase expands Philippine assets
Junior Chase Resource (TSE) hopes to expand its Philippine assets by acquiring an 85% interest in Bai Saripinang Mining. Chase can acquire an initial 40% by paying US$5,000 plus a US$1,000 option fee …
Golden Star subsidiary acquires French Guiana gold company
A subsidiary of Golden Star Resources (TSE) is set to acquire all the outstanding shares of a French company based in French Guiana. Guyanor Ressources S.A. will pay US$4.1 million — and assume US$1….
Int’l Platinum resumes trading
After several months of inactivity, shares of International Platinum (IPC) have resumed trading on the National Association of Securities Dealers Automated Quotation (NASDAQ). However, owing to what t…
BHP comes to Roost in Arizona
A US $25,000 second option payment will be made by BHP Minerals International to Excellon Resources (VSE) and MVP Capital (TSE) on their jointly owned Robber’s Roost copper project near Tombstone, Ari…
NEWS IN BRIEF (November 14, 1994)
Aurtec Mining Development (AUD.A:ME) has changed its name to Aurtec (AUD.A:ME) on a sh-for-sh basis.
Ethiopia seeking mineral investment
After 17 years of socialist rule and an ensuing civil war, the transitional government of Ethiopia is instituting a number of policies aimed at improving the political, social and economic sectors of …
Metal prices boost index (November 14, 1994)
A surge in the metal and mineral sub-index in September helped to push the Bank of Nova Scotia’s commodity price index higher. The all-items index rose 0.6% in September from August; it sits 10.4% hig…
Northgate owns Chilean mine
TSE-listed Northgate Exploration has assumed complete ownership of the Choquelimpie gold property in northern Chile. It increased its interest to 100% from 35% by acquiring the interests of its joint-…