Madsen completes financing
A $2.1 million financing was recently completed by Madsen Gold (TSE). The junior plans to use the proceeds to complete the purchase of the Dona Lake mill.The mill will be moved from its current locati…
1995
Eden Roc to double production
For the first six months of 1995, gold production at Eden Roc Mineral’s (TSE) Ivory Coast property is expected to be more than double what it was in the same period last year.Output for the period is …
San Andreas drilling for silver-lead-zinc
Diamond drilling is under way on the Prairie Creek property of San Andreas Resources (TSE), 300 miles west of Yellowknife, N.W.T.The property hosts a geological resource of 6.8 million tons grading 12…
Consolidated Silver to acquire stake in Mexican silver play
Emerging from several years of dormancy, Consolidated Silver (NASDAQ) is trying to gain a footing in the industry.Under an agreement with Hecla Mining (NYSE) which owns 67% of Consolidated, the junior…
Bre-X ups resource at Busang
An independent consultant has updated the resource at the Busang gold property in East Kalimantan, Indonesia.Owner Bre-X Minerals (ASE) estimates that, based on a cutoff grade of 1 gram gold per tonne…
PEOPLE — LAGUNA GOLD
Laurence Marsland appointed president; James McGowen appointed chairman; George Mallon appointed vice-chairman; and Robert Monroe appointed director.
Homestake eyes gold in Eastern Europe
Mining giant Homestake Mining (NYSE) has reached an agreement whereby it can acquire a sizable chunk of the Chelopech gold-copper mine 75 km east of Sofia, Bulgaria.The company will buy 6 million newl…
METAL PRICES — FREE MARKET (June 26, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 20 June 19June 16 June 15June 14Copper3110-3115 3040-30503022-3024 2961-29622867-2870Lead596.5-597.5 600-601612-613 611-612…
New Horizons — Diamonds in California
Although California has been one of the most productive regions in North America for diamonds, the region does not fit any classical exploration model for diamondiferous kimberlite or lamproite.The st…
El Callao outlines gold zone in Venezuela
Drilling on the Venezuelan property known as Lo Increible is outlining a second zone of gold mineralization for El Callao Mining (VSE).The company, which is earning up to a 70% interest in the propert…
Avalon steps up exploration efforts
With ground next to one company’s past failure and another’s recent bonanza, newly revived junior Avalon Ventures (TSE) is preparing for a busy exploration season in 1995.Avalon recently entered into …
Heap-leach test is planned for Cumaral property
CDN-listed Aronos Multinational plans to perform a heap-leach test on placer material from its Cumaral gold-silver project in northern Mexico.Situated 85 km from Hermosillo, the deposit contains fine …