Wheaton River private placement
Wheaton River Minerals (TSE) has issued a $5.5-million private placement of 1.5 million special warrants at $3.65 each. Each warrant entitles the holder to acquire one unit consisting of one share and…
1993
Loki Gold drilling uncovers new zone
A hole drilled by Loki Gold (VSE) has returned 0.103 oz. gold per ton over 72.2 ft. and identified a near-surface zone of mineralization on the Brewery Creek project near Dawson, Y.T. The hole, drille…
Golden News options Mexican copper company
Golden News Resources (VSE) has the right to acquire Minera Sanex, a Mexican copper company owned 51% by private individuals and 49% by Chutine Resources (VSE). Minera Sanex owns the San Antonio group…
LAST BUT NOT LEAST…Romeo and Juliet spark interest
Sampling at the Romeo and Juliet gold zones, near Baie Verte, Nfld., has returned high-grade values for NovaGold Resources (TSE). Grab samples from the property, 1,200 metres northwest of the Pine Cov…
Gold expert predicts fundamentally strong, volatile market
Until late last year, gold was even less popular as a speculative trading commodity than pork bellies, live hogs or even lumber. “The price was going nowhere,” says author and gold market expert Timot…
NEWS ROUNDUP — Aurizon increases gold production
Aurizon Mines (TSE) has increased output from its Sleeping Giant gold mine in northwestern Quebec. Initial mill throughput was increased to 742 from 317 tons per day. The source of the increase was or…
LETTERS TO THE EDITOR — Directorships for Mulroney draw
Having followed the incredible successes of American Barrick Resources and Horsham Corp. over the years, I have concluded that Chairman Peter Munk was the moving force. At the same time, I was amused …
Sudbury plans mining monument
The Mining Heritage Committee of Sudbury, Ont., is looking for help in the design of a monument to celebrate the region’s spirit of mining. Residents of the community have been invited to submit a con…
Bayer to speak at CIM luncheon
Hemlo Gold Mines President Ian Bayer will speak at the Nov. 25 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Hemlo Gold operates the low-cost Golden Gia…
Granduc reviews mill expansion
Granduc Mines and Cazador Explorations have merged to form Granduc Mining (TSE) and the new entity is looking to expand its Keystone gold project in Manitoba. Granduc is earning a 50% interest in the …
Placer and Minera Rayrock copper projects part of $5-billion
About $5 billion will be invested in Chile’s copper mining industry over the next three years, according to a survey by the Centre of Copper and Mining Studies (Cesco) in Santiago. Between 10 and 15 n…
Roca Roja operating Mexican heap-leach property
The wholly-owned Mexican subsidiary of Walhalla Mining of Australia officially opened, in mid-November, its Amelia heap-leach gold mine in the hills of northern Sonora state. Minera Roca Roja was plan…