IGR advances projects in Ghana and Idaho
Toronto-listed International Gold Resources (IGR) has advanced several of its projects in West Africa and the U.S. In Ghana, the first phase of exploration drilling, totalling 40,000 ft., has wound do…
News
Madsen Gold buys Dona Lake site
The Dona Lake mine site near Pickle Lake, Ont., has been sold. Madsen Gold (TSE) is buying the operation (excluding headframe and underground workings) for $816,000. Current owners Ross Finlay (85%) a…
PRODUCER PRICES (December 05, 1994)
ALUMINUM: MW U.S. market US90.5 cents-93.5 per lb. (Nov. 18, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)…
NEWS ROUNDUP — New Dynacor gold zone
Montreal-listed Mines Dynacor has uncovered a near-surface gold zone at its Siscoe project near Val d’Or, Que. The zone, lying west of the Main vein, was discovered by drilling to a depth of 150 ft. T…
EDITORIAL PAGE — Turning the tables
Canada’s Maurice Strong may not think of himself as an environmental extremist, but the $1-a-year chairman of Ontario Hydro sure has the folks at People for the West! worried. The Denver-based grassro…
EDITORIAL PAGE — Latin American gold exploration
— From a recent issue of Yorkton’s “Natural Resources.
Exploration continues at Damoti Lake
At least 3,000 ft. of drilling is about to begin on the Toy gold property, north of Yellowknife, N.W.T. Gitennes Exploration (ASE) can earn a half interest from Tanqueray Resources (ASE) by spending $…
Black Hawk cuts nickel at Redstone
The first diamond drill hole at Black Hawk Mining’s (TSE) Redstone nickel property south of Timmins, Ont., has intersected significant values. Hole BH 94-1 intersected 6.79% nickel over 8 ft. from 1,0…
Placer Dome gold discovery in Costa Rica
A gold discovery speculated to have multi-million-ounce potential appears to have triggered a “Canadian-style claims rush in Costa Rica. The interest was sparked by reports that Placer Dome (TSE) was …
Adrian sells Eskay Creek stake
By purchasing the IKS 1 and 2 claims, Prime Resources (TSE) will gain an undivided 100% interest in the rich Eskay Creek polymetallic orebody in northeastern British Columbia. Prime, which has a 50% i…
Partners secure Refugio financing
Banks have agreed to finance the Refugio gold project in northern Chile. Chilean approval for the drawdown of a US$85-million gold loan is expected before the new year. The capital cost is estimated a…
Demand helps buoy metal prices
Physical supply, robust demand, speculation and slowly dwindling stock levels continue to underpin virgin metal prices. Producers, indicating that they see nothing to slow it down, are naturally happy…