1994


NEWS ROUNDUP — Production resumes at Similco Mine

In August, Similco Mines, a wholly owned subsidiary of Princeton Mining (TSE), resumed production at its open-pit copper mine in southwestern British Columbia. The mine operated throughout September a…


NEWS ROUNDUP — New Island hits gold at Glover

With its first drill hole, New Island Minerals (ASE) has intersected significant gold mineralization at its 26,000-acre Glover Island property in Newfoundland. The hole intersected 0.30 oz. gold per t…


Conference focuses on global opportunities

In the aftermath of the Cold War and the subsequent collapse of the Soviet Union, countries have to earn their way on to the world stage. As a consequence, many emerging nations are bringing in new mi…


Channel drilling program under way in Burkina Faso

Reverse-circulation drilling is under way on the Bombore and Somita properties in Burkina Faso, West Africa. The work consists of 150 holes over 15,000 metres. The concessions are two of four held in …



Copper recovery method studied

The Bureau of Mines in the U.S. is experimenting with a new in situ method of mining oxide copper from small, low-grade deposits. Advantages over conventional open-pit and underground methods include …


Abacus stakes Lake property

Junior Abacus Minerals (VSE) has staked 2,000 hectares on the Lake property near Iskut River, B.C. The company arrived at the area by following a train of mineralized boulders in talus, which led to a…



Commodity index rises slightly (October 17, 1994)

The commodity price index of the Bank of Nova Scotia rose by 0.6% in August, despite seasonally weak metal and agricultural prices. The all-items index is 11.2% higher than it was at this time last ye…


Madsen suing Ontario gov’t

Junior Madsen Gold (TSE) is taking the Ontario government and the Local Services Board of Madsen in the Red Lake area of northwestern Ontario to court. The company is seeking damages from the ministry…


Dunlap drilling Century property

Drills are turning on the Century gold property in Idaho. Dunlap Resources (VSE) is earning a 60% interest in the project from Cactus West Explorations (VSE) by spending US$1 million. Geological mappi…


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