Cominco Res. options Chachacomiri
Under a joint-venture agreement, Cominco Resources International (TSE) may acquire a 60% interest in the Chachacomiri gold-silver property in Bolivia from Rio Amarillo Mining (VSE). To do so, Cominco …
News
1994 A LOOK BACK — Louvicourt reserves downgraded
In a surprise springtime announcement, Aur Resources (TSE) downgraded reserves at the Louvicourt base metal project northeast of Val d’Or, Que. Aur said the recalculated reserve figure (undiluted and …
1994 A LOOK BACK — U.S. Mining Law reform stalls
Reform of the 1872 Mining Law in the U.S. stalled when lawmakers abandoned congressional efforts to work out a compromise. The House of Representatives and the Senate approved different mining reform …
JAG strikes gold in Temiscaming
A vein structure bearing high-grade gold has been identified on JAG Mines’ (ME) Belleterre property northeast of Temiscaming, Que. Situated 400 metres south of the Aubelle No.1 vein, within Guillet Tw…
1994: A LOOK BACK — Gold upstaged by base metals in 1994
At the start of 1994, the price of gold seemed likely to reach the US$400-per-oz. benchmark, while many producers of base metals were either reporting losses or, at best, struggling to break even. At …
Golden Chief probes California prospect
Preliminary exploration is under way on the Globe Canyon gold property in San Bernardino Cty., Calif. Having completed soil and rock sampling, Golden Chief Resources (VSE) will carry out geophysical s…
TVX, Gold Reserve settle dispute
A binding settlement has been reached between subsidiaries of Gold Reserve (TSE) and TVX Gold (TSE) concerning the Brisas concession in the Kilometre 88 region of southeastern Venezuela. The TVX subsi…
Metallica drills Cuyuni concessions; NEWS IN BRIEF
European Ventures (EPV:VSE) has changed its name to Cugold Ventures (CVN:VSE) on a 1-new-for-4-old-share basis.
Noranda to drill Abcourt property
Following the discovery of two massive sulphide zones earlier this summer, Abcourt Mines (ME) and the exploration division of Noranda (TSE) intend to drill three deep holes on Abcourt’s McKenzie base …
Negotiating an overseas property agreement (1)
This 2-part article describes the principal elements of the standard mineral option and joint-venture agreement used in Canada and the U.S., and highlights some points of misunderstanding that can ari…
PEOPLE — THERMAL ENERGY INT’L
A. Roy appointed chief operating officer and vice-president of engineering & construction; R. Young appointed vice-president of sales and marketing.
Pangea calculates Fenn-Gib resource
Toronto-listed Pangea Goldfields has calculated a drill-indicated geological resource of 939,978 oz. gold at its Fenn-Gib property near Matheson, Ont. The resource, based on 87,000 ft. of drilling, is…