Iron Colt partners transport first ore
The first ore from the Iron Colt gold mine project in Rossland, B.C., is on its way to Echo Bay Mine’s Kettle River mill near Republic, Wash. Iron Colt is a 50-50 joint venture between International S…
News
Watkins to speak at CIM
The “Cyprus Amax Story” will be the topic of an address by David Watkins at the Dec. 8 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Watkins, senior vic…
Bolivar hits yellow metal at Tomi project
Exploration of the NE Tomi concession in Venezuela’s El Callao district continues to generate gold values for Bolivar Goldfields (VSE). A second phase of drilling is confirming the easterly extension …
TSE SHORT POSITIONS (November 28, 1994)
Semi-monthly reports as of Oct 31, 1994 showed 241,967,036 shares of 832 issues compared with 257,344,810 shares of 878 issues on Oct 15, 1994. Larger individual positions included: Aber 131,140; Agni…
Romulus eyes Cinola potential
A newly formed joint venture between Romulus Resources (VSE) and Misty Mountain Gold (TSE) plans to re-examine the economic potential of the Cinola deposit in British Columbia. Previous work on the pr…
High River to acquire Chilean gold project
Toronto-listed High River Gold Mines will earn a 67% direct interest in the Pastos Largos gold project in the Domeyko region of Chile. Under an agreement with a private Ontario company, High River wil…
Teddy Bear plans debenture issue
A private placement of convertible debentures will allow Teddy Bear Valley Mines (CDN) to raise a minimum of $6 million. The junior reached an agreement-in-principle with brokerage firm Loewen, Ondaat…
Peruvian Gold explores Agua Verde gold property
A copper-bearing, skarn-intrusive contact on the Agua Verde property of southern Peru is the focus of extensive sampling by Peruvian Gold (VSE). An intrusion into host sedimentary units by an ellipsoi…
INSIDER TRADING — Agnico-Eagle execs sell shares
Two directors and one senior officer of Agnico-Eagle Mines (TSE) exercised options and sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, senior offic…
Mixed results for Pegasus
Higher revenues were somewhat offset by higher cash operating costs and lower total gold production for Pegasus Gold (TSE) during recent months. For the third quarter, Pegasus earned US$832,000 on rev…
EXPLORATION ’94 — Bre-X awaits results from Busang
As the discovery of large-tonnage deposits becomes more and more difficult to pull off within Canada’s traditional mining camps, many companies are opting to seek out less-trodden areas abroad. Such i…
EXPLORATION ’94 — NAM bullish on Great Bear potential
An aggressive $5.5-million program has resulted in the discovery of new zones of gold mineralization at the Golden Bear mine property in northwestern British Columbia. The 35,200-hectare property, own…