Spot prices at a glance (March 07, 1994)
Week’s Price (US) Change Gold* $376.45 – $1.05 Silver* $ 5.24 + $0.06 Platinum* $390.25 – $3.25 Nickel** $ 2.59 – $0.06 Lead** $ 0.20 – $0.01 Copper $ 0.84 $0.00 Zinc $ 0.43 $0.00 Courtesy of Scotiaba…
News
Armada building Russian pilot plant
Alberta-listed Armada Gold will build a pilot plant on the Baley gold tailings project in Eastern Russia’s Chita region. The plant is expected to yield 4,000 oz. gold annually, starting in July or Aug…
EXPLORATION ’94 — Ups and downs of small-scale mining
Small-scale, underground gold mines have been a feature of British Columbia’s history for well over a century. Some have been likened to slot machines which empty the pockets of over-eager investors, …
EXPLORATION ’94 — Kirkland camp has long history of
While gold mining near Kirkland Lake, Ont., began in 1918, the first rockburst was not reported until 1929. Seven mines were developed along narrow, quartz-bearing veins which are associated with seve…
High River acquires West African gold project
Having recently secured a commitment from TVX Gold to develop its Snow Lake gold property in Manitoba, High River Gold Mines is now setting its sights on West Africa. The company has just concluded an…
Golden Rule completes placement
Golden Rule Resources (TSE) has completed a private placement of 2.5 million shares at $2.12 each. It will advance to Waddy Lake Resources (TSE) up to $4 million from the $5.3-million placement. Waddy…
Black Hawk funding (March 07, 1994)
A private placement of special warrants valued at $4.6 million has been completed by Black Hawk Mining (TSE). The warrants were sold for $1 each and entitle the holder to receive one Black Hawk unit f…
Baja Gold lands Ecuadorean gold property
An agreement with the industrial arm of the Ecuadorean military enables Baja Gold (TSE) to explore and develop the Pijili property in southern Ecuador. Mineralized veins have been identified on surfac…
Great Lakes works Lluvia de Oro
A drilling and trenching program has ended at the Lluvia de Oro project in northwestern Mexico. As part of an option agreement, Great Lakes Minerals (TSE) drilled 14 holes totaling more than 4,700 ft….
Cathedral Gold ups reserves at Sterling
Reserves have increased modestly at the Sterling gold mine in southern Nevada. The mine is 52%-owned by Cathedral Gold (TSE), which estimates geological reserves to be 536,000 tons grading 0.183 oz. g…
Globex hits gold in Dubuisson Twp.
Drill results indicate the Tarmac property in Quebec’s Dubuisson Twp. hosts gold mineralization. Globex Mining (ME) reports the following best results from five holes: Hole 94-1 intersected 4.92 ft. a…
EXPLORATION ’94 — Field geologists learn to listen for the
A product that looks somewhat like a child’s toboggan and bears the curious name “Beep Mat” is proving to be a useful prospecting tool. “It’s like having an extra set of eyes for exploring glaciated t…