News

MK Gold plans Jerooy mine

Construction is expected to begin this year on MK Gold’s (NASDAQ) Jerooy gold project in the former Soviet republic of Kyrgyzstan. A feasibility study, approved by the company’s Kyrgyz partner, outlin…



Paramount adds to Argentine holdings

Based on an agreement with a group of five mineral property owners, Paramount Ventures & Finance (VSE) will acquire rights to more than 27,500 hectares of gold and copper prospects in Jujuy province i…



GOLD FUNDS (January 09, 1995)

BGR Central Net Value $17.27 $6.69 Price $14.13 6.75 Discount 18.22% Premium 0.9% Value $136,330,000 $122,170,275…


Hecla, Great Lakes pour first gold

The year ended on a bright note for Hecla Mining (NYSE) and Great Lakes Minerals (TSE) as the partners announced their first gold pour at the Grouse Creek mine in central Idaho. Mining and stockpiling…


ODDS’N’SODS — West-coast treasure house

Tasu Harbour on the southwestern coast of British Columbia’s Queen Charlotte Islands was truly nature’s treasure house, filled with the exotic and the unusual. Isolated by mountains on the east and by…



1994 A LOOK BACK — Doyon shaft going deeper

The joint owners of the Doyon gold mine east of Rouyn-Noranda, Que., announced plans to deepen the shaft by 370 metres to 1,024 metres. The mine, in production since 1980, is owned by American Barrick…


Breakwater completes rights offering

Zinc producer Breakwater Resources (TSE) reports that its previously announced rights offering has been fully subscribed. Proceeds, prior to expenses, were $23.9 million. About $15.5 million will be u…


Cathedral plans work program in Guyana

Cathedral Gold (TSE) is about to carry out regional exploration on a newly acquired prospecting licence in Guyana. The licence, which covers 4,800 hectares, is the first of four that the company has a…


Detector drilling at Pistol Lake

Diamond drilling has begun on Detector Resources’ (ASE) Pistol Lake gold project, 90 km west of Thunder Bay, Ont. The 1,300-metre, 6-hole program will attempt to define the downdip extension of the Co…


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