1994

Thirty trenches have been completed across the Hicks shear zone on the Kaburi-Eldorado property in Guyana. Cathedral Gold (TSE) is earning up to a 90% interest and reports that, on average, the trench…

FMC Gold (NYSE) has written down the book value of the Beartrack gold project in Idaho. The gold producer recorded a 1993 fourth-quarter charge of about US$60 million, which includes an asset writedow…

Lee Tiong-Hock appointed director.

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…

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 …

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…

A previously announced financing deal between Manson Creek Resources (TSE) and Golden Rule Resources (TSE) has been restructured. Under the current deal, Golden Rule will subscribe to one million unit…

Cadington Resources (CDN) is hanging up its pick axe to become an industrial and investment holding company. It plans to acquire or merge with businesses which have substantial cash flows and/or under…

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…

Alberta-listed Pacific Metals has reached an agreement with Habsburg Resources (VSE) to earn a 49% interest in the Mount McKendrick gold showing near Smithers, B.C. The property consists of seven clai…

Except for the period of the Industrial Revolution, mining through the ages has seldom been in the good books of society as a whole. The Roman poet Ovid around the time of Christ wrote of those “wicke…

Brazil will stop huge development projects in the Amazon basin and turn instead to smaller-scale efforts which are less harmful to the environment, President Itamar Franco announced recently. Franco’s…