Aussie official stops in Cuba for discussions
Australian Foreign Minister Gareth Evans recently visited Cuba for talks with President Fidel Castro and other government officials on a lucrative nickel-mining deal and on other prospects for investm…
1995
VenCan options Honduran concessions
In a deal reached with a Honduran company, VenCan Gold (ME) can acquire four concessions hosting gold and silver mineralization. The junior can do so by acquiring all the outstanding shares of Compani…
Spot prices at a glance (January 30, 1995)
Week’s Price (US) Change Gold* $381.70 – $0.30 Silver* $4.81 – $0.09 Platinum* $417.90 – $0.35 Nickel** $4.68 + $0.22 Lead** $0.31 + $0.01 Copper $1.39 + $0.01 Zinc $0.54 $0.00 Courtesy of Scotiabank….
Summo sizes up Lisbon Valley
A feasibility study is under way on the Lisbon Valley copper project in southeastern Utah. Summo Minerals (VSE) has enlisted Salt Lake City-based Roberts & Schaefer to determine the economics of an op…
Virginia, Diabor active in Eastmain
Partners Virginia Gold Mines (ME) and Explorations Diabor (ME) have staked 92 claims in the Eastmain volcanic belt of northwestern Quebec. An area containing geochemical anomalies and gold showings ha…
Cominco advances Yukon deposit
Major companies with metallurgical infrastructure in Canada are perhaps more motivated than most mining groups to maintain an active exploration presence in North America. This is certainly true of Co…
Armada Gold to complete study
A preliminary feasibility study is planned for the Taseevo gold deposit, part of Armada Gold’s (ASE) Baley project in the Chita region of southeastern Siberia. The study, due by late April, will exami…
Feasibility study for Goldfields
An in-house economic evaluation is nearing completion for the Goldfields project in northern Saskatchewan. Operator Greater Lenora Resources (TSE) intends to proceed with a final feasibility study for…
Lyon Lake drills Quebec prospect
A drill program by Lyon Lake Mines (ME) has started on the Waconichi gold prospect 50 miles north of Chibougamau, Que. Eight holes will be drilled to test priority targets determined by geological int…
East Africa drilling in Tanzania
Partial assay results received from a shallow drill program on East Africa Gold’s (VSE) Nyakafuru property in Tanzania have confirmed the presence of significant gold mineralization. The 63-hole, 906-…
Juniors swarm near Murgor
Geophysical work — including magnetic, induced-polarization and very-low-frequency surveys — is being carried out by Murgor Resources (VSE) on its 14-claim property near Lebel-sur-Quevillon, Que. Pr…
Daisy could bloom into gold producer
The open-pit proven and probable reserve of the Secret Pass deposit in Nevada is expected to rise to about 18 million tons containing 425,000 oz. gold. The deposit, managed by Inter-Rock Gold (ME) and…