NEWS ROUNDUP — Sikaman, LAG join forces
Two juniors — Sikaman Gold Resources (TSE) and Latin American Gold (VSE) — have agreed to collaborate in an effort to secure, evaluate and, if appropriate, develop several properties in Argentina. L…
1994
INSIDER TRADING — Aber executives active
Two senior officers of Aber Resources (TSE) exercised options and bought and sold shares in August. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Robert Hindson exercis…
McLeese Lake back on track
The McLeese Lake open-pit copper mine in central British Columbia has resumed production. Owner Gibraltar Mines (TSE) closed the operation about 10 months ago in response to low copper prices. Over th…
Weather halts construction of Golden Bear leach pad
Heavy rains have forced North American Metals (VSE) to suspend construction of a heap-leach pad at its Golden Bear mine in northwestern British Columbia. North American Metals is 81.4% owned by Wheato…
Da Capo identifies Amayapampa tonnage
The proven and probable mineral resource for the Amayapampa mine in Bolivia is now estimated at 4.3 million tonnes grading 2.82 grams gold per tonne. Da Capo Resources (VSE), which is working to outli…
DIAMOND PAGE — Redaurum acquires Namibian prospect
Canadian diamond producer Redaurum (TSE) is set to acquire an alluvial diamond prospect on the Konkiep River in Namibia. The property is 25 km north of the prolific diamond region around the lower sec…
Eldorado boosts La Colorada reserves
The owners of La Colorada gold mine near Hermosillo, Mexico, report an operating rate of 25,000 oz. per year and an increase in minable resources to 305,000 oz. Eldorado (TSE) has a 70% interest in th…
Keylock samples Number 9 vein
Channel sampling on the Number 9 vein at the Gordon Lake property northeast of Yellowknife, N.W.T., continues to yield high-grade assays. Keylock Resources (ASE) reports that samples have run as high …
Correction (October 03, 1994)
Vancouver-listed Loumic Resources will not acquire a half interest in a cyanide mill nor the San Luis or Cayayi concessions in Venezuela, contrary to a report in our Sept. 26 issue (C section). In ear…
Cachet options nickel project
Junior Cachet Enterprises (VSE) can earn a half interest in the Canalask nickel property in southwestern Yukon from Expatriate Resources (VSE). It can do so by spending $250,000 in 1994, $375,000 in 1…
Roycefield drills two antimony plays
A 3,000-metre drill program to test three antimony geochemical anomalies has resumed at Roycefield Resources’ (ASE) Beaver Brook property in central Newfoundland. Deeper drilling will be carried out o…
Joutel set to drill three Cuban gold discoveries
Drilling is scheduled to begin shortly in Cuba on three new gold discoveries belonging to Joutel Resources (TSE). The first discovery, La Zona Barita, is on the Sierra Maestra concession in the southe…