1994


World Wide defines open-pit reserve

Drill results indicate that the Easter property in Nevada hosts an open-pit reserve of 1.5 million tons averaging 0.069 oz. gold per ton. Three holes drilled by owner World Wide Minerals (TSE), in the…


Spot prices at a glance (October 17, 1994)

Week’s Price (US) Change Gold* $388.20 – $3.95 Silver* $5.51 – $0.09 Platinum* $416.75 – $0.75 Nickel** $2.98 + $0.08 Lead** $0.29 $0.00 Copper $1.13 – $0.01 Zinc $0.47 $0.00 Courtesy of Scotiabank. I…



Shiningtree buys Manitoba claims

Alberta-listed Shiningtree Resources has bought 34 claims comprising 1,360 acres in southeastern Manitoba. The claims, situated north of Bernic Lake, are underlain by an east-west-trending structure t…


Gold City, partners set merger terms

Partners Gold City Resources (ASE), Providence Industries (VSE) and privately held McKinney Mines have set the terms of their planned merger. Shareholders will receive one share in the new company for…


Rainbow drilling confirms zone

Drilling on the Rainbow property is confirming a new zone of copper mineralization encountered earlier this year. Teck (TSE) now holds a 70% interest, which it acquired from Getchell Resources (VSE). …



Minefinders active at La Bolsa prospect

Reconnaissance sampling at Minefinders’ (VSE) La Bolsa property, in Mexico’s Sonora state, has revealed the presence of altered rocks with quartz stockworks and anomalous gold values ranging up to 0.3…


Bethlehem, Goldnev repay loan

Partners Bethlehem Resources (TSE) and Goldnev Resources (VSE) will soon finish repaying the loan they received to reactivate the Goldstream mine near Revelstoke, B.C. The final payment of US$528,000 …


SEG optioning ground in Ghana

Montreal-based SEG Exploration (ME) has opted to earn a 75% interest in the Teleku-Bokazo gold property in Ghana, West Africa. The 20-sq.-mile concession lies on the Ashanti Trend, which hosts the Ash…


Ecudor raises funds for Adanac play

Rouyn-Noranda-based Ecudor Mining (ME) is raising what could amount to $750,000, to be applied to its Adanac property in Quebec’s Rouyn Twp. Between 150 and 750 units will be offered. Each unit, price…


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