Western Quebec buys Central Crude
Small Quebec gold producer Western Quebec Mines (TSE) will pay $9 million to acquire control of Central Crude (TSE) and the Eagle Lake gold deposit in northeastern Ontario. The seller is Hemlo Gold Mi…
News
NEW FRONTIERS IN MINING — Opportunities in China
One advantage to exploring for minerals in China, which recently opened its doors to foreign mining companies, is the excellent geological data available on specific sites, says the president of a Van…
NEW FRONTIERS IN MINING — No operating mines yet —
While no mines are operating in the territory, there are several signs of encouragement on the Yukon exploration front. A consortium bought the Sa Dena Hes lead-zinc producer from the receivers of Cur…
NEW FRONTIERS IN MINING — El Callao drilling in Venezuela
Reverse circulation drilling is under way on Lo Increible, a gold property in Venezuela. Initial results are expected in mid-February. El Callao Mining (VSE), which holds an option on a large portion …
Cliff ups interest in Newfoundland asbestos operation
Junior Cliff Resources (TSE) has an option to acquire Princeton Mining’s (TSE) half interest in the share capital of Teranov Mining, a Princeton subsidiary. Teranov operates a wet mill at Baie Verte, …
NEW FRONTIERS IN MINING — Orvana advancing Butte Highlands
The 1993 drilling program at the Butte Highlands gold prospect in Montana is complete and results indicate the presence of a consistent zone of gold mineralization. Orvana Minerals (TSE) is testing th…
Globex discovers gold zones
Prospecting on its Lac Savard property in northwestern Quebec, Globex Mining Enterprises (TSE) has discovered two new gold zones. In the first zone, values up to 0.62 oz. gold and 6.36 oz. silver per …
Drilling program at Sleeping Giant
Project partners Aurizon Mines (TSE) and Cambior (TSE) plan to delineate additional reserves at the Sleeping Giant gold mine north of Amos, Que. The drilling will focus primarily on the 20 and 30 zone…
Cyprus drills Massicotte again
A second drill program has begun on the Massicotte gold property, 75 miles north of La Sarre, Que. Cyprus Canada is earning a 60% interest from Radisson Mining Resources (ME) by spending $250,000 on e…
Northern Crown hits Zapote gold
An 85-ft. intersection grading 0.10 oz. gold per ton is reported from the Guadalupe property in western Mexico. It is the first hole reported in a 13-hole reverse circulation program on the property, …
Metall may go on the block as German parent restructures
The fallout continues from the restructuring of Germany’s giant resource conglomerate Metallgesellschaft (MG). Rumors circulated this week that MG plans to sell its 50.1% interest in Canadian subsidia…
NEWS ROUNDUP — Brunswick axes staff
Brunswick Mining and Smelting (TSE) has laid off 32 hourly rated employees and 26 staff members at its base metals mine in Bathurst, N.B. Forty-six employees had already left the company voluntarily. …