IGR advances projects in Ghana and Idaho
Toronto-listed International Gold Resources (IGR) has advanced several of its projects in West Africa and the U.S. In Ghana, the first phase of exploration drilling, totalling 40,000 ft., has wound do…
News
Exploration continues at Damoti Lake
At least 3,000 ft. of drilling is about to begin on the Toy gold property, north of Yellowknife, N.W.T. Gitennes Exploration (ASE) can earn a half interest from Tanqueray Resources (ASE) by spending $…
EXPLORATION ’94 — Electra to buy Aurora mine interest
Junior gold producer Electra Mining (VSE) intends to buy a half interest in the Aurora mine by year-end, thereby becoming sole owner of the Nevada operation. It will do so by buying all the shares of …
GOLD FUNDS (November 28, 1994)
BGR Central Net Value $17.68 $6.69 Price $15.00 6.625 Discount 15.13% 1.0% Value $142,527,000 $119,907,863…
EXPLORATION ’94 — Lithos receives promising results
Montreal-listed Lithos stands a good chance of being able to produce high-grade lithium oxide at its Sirmac property near Chibougamau, Que. Air flotation column tests by Centre de Recherche Minerale d…
NEWS IN BRIEF (November 28, 1994)
Habsburg Resources (HAB:VSE) has changed its name to Dome Mountain Resources (DMR:VSE) on a share-for-share basis.
Louvicourt mine up and running
With the first shipment of copper concentrates having been delivered in August, the Louvicourt mine near Val d’Or, Que., is well on its way to becoming Canada’s next major base metals producer. The mi…
Bissett moves forward
Toronto-listed Rea Gold is set to begin the engineering work required to complete a final feasibility study of the Bissett gold project in eastern Manitoba. The decision was made on the basis of resul…
American Bullion expands Red Chris
A 58-hole drill program has wound down at the Red Chris porphyry copper-gold deposit in northwestern British Columbia. American Bullion Minerals (VSE) holds an 80% interest in the project, while Teck …
STOCK MARKETS — Higher bond yields attract investors
The Toronto Stock Exchange (TSE) took another beating this week, as nervous investors dumped their shares in favor of higher interest-bearing investments, such as bonds. This exit from the equity mark…
STOCK MARKETS — Cinola JV was bright spot in lacklustre
The Vancouver Stock Exchange composite and resource indexes continue to reach new lows for the year. For the report period ended Nov. 22, the composite index dropped 32.22 points to close at 762.98. T…
EXPLORATION ’94 — Northern diamond play loses some momentum
The Northwest Territories diamond play has had its high and low points during the past two years. One of the lowest was the evaporation, some months ago, of hundreds of millions of dollars in sharehol…