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 …
1994
NEWS ROUNDUP — Placer drops Stockade property
A unit of Placer Dome (TSE) has terminated a joint venture with Carlin Gold (ASE) on the junior’s Stockade Mountain gold property in eastern Oregon. Carlin President William Long said that, despite si…
Drilling continues at 1100 lens
Project partners Audrey Resources (TSE) and Metall Mining (TSE) have released the latest drilling results from the 1100 lens underground project in northwestern Quebec. Assays from seven holes totalin…
NEWS ROUNDUP — Fort MacKay drill core studied
Detailed chemical and mineralogical studies are under way on drill core from the Fort MacKay precious metal deposit in northeastern Alberta. The joint venture is owned by Toronto-listed Tintina Mines …
ODDS’N’SODS — Red Lake’s engineering `dean’
Among the many heroes of Ontario’s Red Lake mining camp is Horace Greely Young, Sr. Honored for his work in that community in the province’s northwest, Young was born in Osnaburgh, Ont., in 1881 and g…
PEOPLE — INT’L HOMESTEAD (January 17, 1994)
Everett Abbey appointed director.
LAST BUT NOT LEAST….Sunshine to make rights offering
New York-listed Sunshine Mining has filed a registration statement covering a rights offering to be made to its shareholders. Each right enables the holder to buy a unit consisting of two shares in th…
PEOPLE — GIANT BAY RESOURCES
Lee Tiong-Hock appointed director.
Caribgold commences work on pair of Cuban projects
Exploration and sampling are under way on Caribgold Resources’ (CDN) Santa Clara and Sierra Maestra properties in Cuba. Numerous samples from various showings are being processed and a drill program t…
Final feasibility for Fachinal expected by May
By May, Coeur d’Alene Mines (NYSE) expects to have a final feasibility study in hand for its Fachinal gold-silver project in southern Chile. The company bought Fachinal and six other Chilean precious …
Valdez acquires more Mexican claims (January 17, 1994)
Minera Valdez Gold S.A. de C.V., a wholly owned subsidiary of Valdez Gold (ASE), has staked additional ground in Sonora state, Mexico. The 177-sq.-mile property, known as Marisa, adjoins the company’s…
Hall of Fame inducts nine members at gala ceremony
Nine new members were inducted into the Canadian Mining Hall of Fame at a dinner and awards ceremony at the Royal York Hotel in Toronto. About 450 people attended the sixth annual banquet. Guests incl…