Financing plans for Mariquita
Development will soon begin on the Mariquita copper deposit in northwestern Mexico. A Mexican company held 49% by Cominco Resources International (TSE) and 51% by Empresas Frisco will acquire the depo…
News
Reserve increase at Prairie Creek
By incorporating results from last year’s drill program, San Andreas Resources (VSE) has beefed up reserves at its Prairie Creek property. Situated west of Yellowknife, N.W.T., the deposit is now esti…
Altai acquires more Peruvian prospects
Toronto-listed Altai Resources has acquired two new copper projects in Peru. The Achanizo deposit, in Caraveli province, contains seven known veins which range from 300 to 1,200 ft. in length and aver…
Diamond trader at joint luncheon
A diamond trading specialist from London, England, will address the March 9 joint luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the Prospectors…
ODDS’N’SODS — The great diamond fraud of 1872 (2)
(The following is the second weekly instalment of a 3-part story.) Philip Arnold and Edward Slack told everyone that they had had bad luck and had taken a new river route to reach the diamond fields a…
Rigs to drill other targets at Venezuelan property — Placer
A feasibility study will be performed on the Venezuelan gold property known as Las Cristinas. Placer Dome (TSE), which owns 70% of the project, approved the US$13-million study. (The remaining interes…
Adrian drilling three properties in Panama
Vancouver-listed Adrian Resources is drilling three properties in Panama, another Latin American nation that’s attracting renewed interest from mining companies because of its geological endowment and…
Golden profit at Cambior
Substantially increased gold production in 1993 helped Cambior (TSE) record its highest revenue since the company’s inception in 1986. Gold output rose 46% to 518,083 oz. last year and revenue was 50%…
Metall withdraws Int’l Musto bid
In what appears to be the final play in its bid for a stake in the Bajo de la Alumbrera project, Metall Mining (TSE) has withdrawn its bid for all the shares of International Musto Explorations (TSE)….
NEWS ROUNDUP — Francisco adds to treasury
Armed with more than $8 million from a private placement, Francisco Gold (VSE) is stepping up exploration in Mexico and Venezuela. The placement includes 2.5 million special warrants at $3.33 each. Th…
`Unsuitability’ clause could trigger litigation —
Concern over proposed changes to the U.S. Mining Law lent a tone of apprehensiveness to a major mining conference held recently in this southwestern American city. More than 3,700 delegates attended t…
NEWS ROUNDUP — $10 million for Manhattan
A $10-million private placement will enable Manhattan Minerals (VSE) to explore and develop three properties in Mexico. Most of the proceeds ($6 million) will be spent on the Moris gold project in the…