Eden Roc outlines gold anomaly
Eden Roc Minerals (TSE) has identified three major gold anomalies on a portion of its Ivory Coast exploration concession. One such anomaly runs for 900 meters, twice the length of the anomaly that out…
News
Valdez options Mexican prospect
Toronto-based Valdez Gold (ASE) has agreed to acquire two contiguous gold-mining claims in Mexico. Valdez will earn its interest in the Diana claims by paying US$2.3 million, of which US$1.9 million i…
PRODUCER PRICES (December 06, 1993)
ALUMINUM: MW U.S. market US49.5-50.5 cents per lb. (Nov. 11, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993…
Salvadoran joint venture extended
Drilling on El Dorado, a gold project in El Salvador, continues to extend the Nueva Esperanza vein discovery. The project is being explored under a joint venture among three companies: Mirage Resource…
INSIDER TRADING — Wheaton officers sell shares
Two officers of Wheaton River Minerals (TSE) sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, President Visco Jutronich sold 102,500 shares at $1.80…
MH encouraged by Mag Lake play
Encouraging gold and base metal values have been uncovered at MH Resources’ Mag Lake property in the Northwest Territories. The company is owned 40% by Noble Peak Resources (ASE), 40% by Dejour Mines …
LAST BUT NOT LEAST — AMR gets Chinese rare earth plant
A subsidiary of Advanced Material Resources (ASE) has acquired a 60% interest in a rare earth oxide plant in East China. The plant, in Jiangyin within Jiangsu province, produces high-value rare earth …
LAST BUT NOT LEAST — Copper drives Arimetco into red
Lower copper prices drove Arimetco International (TSE) to a loss for the nine months ended Sept. 30. A loss of US$2.7 million on sales of US$15.2 million was reported for the period. This compares to …
Holmer arranges $1.3m financing
Toronto-based Holmer Gold Mines (ASE) has entered agreements with two investors to raise up to $1.3 million. The first private placement with MVP Capital (TSE) is for 1.2 million units at 30 cents eac…
Venezuela’s still hot — Verdict lifts Gold Reserve price
Following a Venezuelan Appeal Court’s decision on a lawsuit regarding ownership of the Brisas property, shares of Gold Reserve (TSE) climbed to record 52-week highs. Shares were trading at $20.25 at p…
Pioneer plans infill drilling
Infill drilling at Manitoba’s Puffy Lake gold mine should be under way by January, reports Pioneer Metals (TSE). The mine, northeast of Flin Flon, has been closed since 1989 and Pioneer hopes to retur…
NEWS ROUNDUP — Virginia, Placer in Quebec venture
Placer Dome (TSE) and Virginia Gold Mines (ME) have agreed to explore and develop various projects in northeastern Quebec. The terms of the agreement are as follows: * Placer will fund all expenditure…