Bema raises US$33 million
To finance construction of the Refugio open-pit mine in Chile, Bema Gold (TSE) will raise US$33 million from a private placement of 330,000 special warrants. The units are exchangeable into 7.5% conve…
News
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…
Hemlo to boost stake in Holloway venture
With the Holloway project being readied for production by Hemlo Gold Mines (TSE), junior partner Freewest Resources (TSE) was poised to make the transition from an exploration company to a gold produc…
Franc-Or surveys French Guiana
In French Guiana, Franc-Or Resources (ME) has completed a program of airborne geophysics as part of a gold exploration effort. The 1,850-line-km program consisted of magnetic and radiometric surveys o…
New zone uncovered at Golden Bear mine
News from the Golden Bear mine in northwestern British Columbia has taken a turn for the better with the discovery of a new zone of gold mineralization during ramp tunneling to the Grizzly zone. Owner…
Vein extended at Isle Dieu
Surface stripping on the Isle Dieu property near Matagami, Que., has extended, by 400 ft., the known strike length of the gold-bearing Edith vein. Explorations Minieres du Nord (ME) says three samples…
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). …
Antares encouraged by drilling at Zimbabwean gold prospect
Results from an 18-hole program at its gold project in Zimbabwe have given Antares Mining and Exploration (TSE) cause for optimism. The drilling was carried out on the Interloper zone at the Lady Lina…
Decision near for Cerattepe
A prefeasibility study of the Cerattepe project in Turkey calls for an operation consisting of both underground (copper) and open-pit (gold-silver) workings. The deposit, operated by Cominco Resources…
Asian markets give boost to potash
While slow in Europe and North America, demand for potash continues to grow in Asia, the Middle East and South America, says Roskill Information Services of London in its study, Potash: Market Update,…
EDITORIAL PAGE — Mining goes native
North America’s largest land-owner, holding an estimated $6 billion in cash and owning 15,000 businesses, is showing a keen interest in mineral opportunities. The potential investor, with the blessing…
COMMENTARY — Repelling a black bear attack
Prospecting is a unique career as it requires definite survival skills. This is especially true in Canada, where prospecting stories are manifold. I was recently staking claims in Skead Twp., about 5 …