Drilling tests Ursa zone
Exploration drilling at the Golden Bear property in northwestern British Columbia continues to return encouraging results for owner North American Metals (VSE). Hole 266 on the Ursa zone returned a 95…
1994
METAL PRICES — FREE MARKET (November 07, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 1 Oct. 31 Oct. 28 Oct. 27 Oct. 26 Copper 2712-2713 2664-2665 2668-2669 2661.5-2666.5 2621-2622 Lead 661.5-662.5 653-654 655-656 658…
Lysander tests Lorraine deposit
Vancouver-listed Lysander Gold is encouraged by drill results it has received from the Lorraine property near Germansen Landing, one of the earliest copper discoveries in British Columbia. Lysander op…
Tanzania offers opportunities
After almost a quarter century of socialist rule, Tanzania has adopted new policies aimed at attracting foreign investment. An important contribution is anticipated from the restoration of the mineral…
Golden Star, Asarco in French Guiana venture
New York-listed Asarco can earn a half interest in the St-Elie gold project in French Guiana, under a deal reached with Guyanor Ressources, a subsidiary of Golden Star Resources (TSE). The 9,000-hecta…
ODDS’N’SODS — The detachable drill bit
I well remember the good old days when the “integral” drill rod was employed in mining. After use, each rod was carefully carted to the blacksmith’s shop where the bit was thrust into glowing coals to…
Fairfield program
With the completion of the 1994 open pit mining program at the Siwash North gold mine, near Merritt, B.C., Fairfield Minerals (TSE) will begin a $1.5 million underground program. Ore sales to the Asar…
New discovery at Taurus mine project
Drilling by International Taurus Resources (VSE) at the Taurus minesite in northern British Columbia is expanding a newly discovered zone of mineralization. The zone consists of quartz stockwork miner…
NEWS ROUNDUP — Canchrome, Bruneau sign agreement
Montreal-based Canchrome Mines (ME) intends to earn a 51% interest in two gold and base metal properties from Bruneau Minerals (ME). The Allard property consists of 76 contiguous claims in Desmazures …
NEWS ROUNDUP — Rio Narcea hits high-grade gold
Three diamond drill holes have intersected high-grade gold mineralization at the Spanish property known as El Valle-Boinas. Rio Narcea Gold Mines (TSE) reports that VAL-46, drilled to confirm previous…
Norcan exploring Venezuelan project
Upon completion of a proposed $2-million financing, Norcan Resources (VSE) should be in good financial shape to begin exploring the NCJ-La Trinidad project in Venezuela’s El Dorado district, in Boliva…
Pangea exploring Tanzanian gold projects
Having revised its mining and investment laws after almost 25 years of socialist rule, a new era of mineral exploration appears to be dawning in this East African republic. Poised to take advantage of…