PEOPLE — LUCKY BREAK
Jiri Strnad appointed advisor.
News
Court rejects Lac’s Lisheen claim
The Irish High Court has ruled against Lac Minerals (TSE) in the company’s legal action to block the sale of a majority interest in the Lisheen lead-zinc deposit in Ireland (T.N.M., Aug. 23/94). The c…
Breakwater transfers Estrades to Arimetco
By transferring its Estrades polymetallic mine to Arimetco International (TSE), Breakwater Resources (TSE) will wipe out a $4.5-million debt owed to the latter company. The transfer is one of the fina…
Drilling begins at Bralorne
Drilling is under way at the Bralorne property in the Bridge River area of southwestern British Columbia. Bralorne-Pioneer Mines (VSE) is earning a half interest in the property from Avino Mines (VSE)…
Republic acquires Mexican gold prospect
A 6,500-acre, gold-silver property in the Madera mining area of northern Mexico has been acquired by Republic Goldfields (VSE). The property is at the northern end of the Dolores Mining camp and is co…
Diesel spill at Windy Craggy
Diesel oil has spilled from a storage tank at the Windy Craggy property in northwestern British Columbia. Property owner Geddes Resources (TSE) was informed of the spill by the environmental protectio…
Governments sell Cameco shares
The two major shareholders of Cameco (TSE) intend to sell 2 million shares in a secondary issue. The governments of Canada and Saskatchewan say the shares will be sold at $25.50 each, on a bought-deal…
Positive feasibility study received for Mt. Nansen
A feasibility report recommends bringing the Mt. Nansen gold-silver property near Whitehorse, Y.T., into production at 50,000 equivalent oz. gold per year. Operating costs are expected to be US$236 pe…
Cusac to reopen Michelle decline
The Michelle High Grade decline at the Table Mountain property of Cusac Industries (TSE) in northern British Columbia will be reopened. The structure was known previously as the Eileen decline; the co…
Munk and Smith join Lac board
Following the recent takeover by American Barrick Resources (TSE), the board of directors of Lac Minerals (TSE) is changing. Peter Munk, chairman and chief operating officer of Barrick, and Robert Smi…
Eden Roc uncovers more soil anomalies
A soil geochemical survey conducted by Eden Roc Minerals (TSE) has uncovered several gold anomalies in a 9-by-12-km area north of the company’s Anuiri mine in Ivory Coast, West Africa. More than 22,00…
Pillar potential encourages Dynacor at Siscoe property
Recovery of gold from a surface pillar at the old Siscoe mine property near Val d’Or, Que., is estimated to be more than 2,000 oz., Mines Dynacor (ME) says. Drilling and channeling this summer in the …