Survival plan for St Andrew
Recent losses are taking their toll on St Andrew Goldfields (TSE). The small gold producer filed an application under the Company’s Creditors Arrangement Act, seeking a stay of proceedings and authori…
News
EXPLORATION ’94 — Cominco Res. intersects new Saray
Two years of exploration efforts in Turkey appear to be paying off for Cominco Resources International (TSE). A second phase of drilling on the Saray property, 5 km from the Black Sea and near the tow…
EXPLORATION ’94 — Bre-X awaits results from Busang
As the discovery of large-tonnage deposits becomes more and more difficult to pull off within Canada’s traditional mining camps, many companies are opting to seek out less-trodden areas abroad. Such i…
Staking rush in Labrador
A staking rush is taking place on the east coast of Labrador, triggered by drill results that have confirmed a significant nickel-copper-cobalt discovery on Diamond Fields Resources’ (TSE) Voisey Bay …
EXPLORATION ’94 — Exploration enhancing Petaquilla project
Exploration programs carried out by Adrian Resources (TSE) are continuing to enhance the potential of the company’s land package in Panama. Teck (TSE) recently agreed to fund a feasibility study on th…
Drill program at Eagle River
Surface drilling at the Eagle River gold project near Wawa, Ont., continues to return encouraging results for River Gold Mines (TSE). The project, which wound up late this month, involves stope defini…
Louvicourt mine up and running
With the first shipment of copper concentrates having been delivered in August, the Louvicourt mine near Val d’Or, Que., is well on its way to becoming Canada’s next major base metals producer. The mi…
EXPLORATION ’94 — Remote Eskay Creek project on schedule for
In spite of its remote location in northwestern British Columbia and the likelihood of a harsh winter ahead, the Eskay Creek project remains on budget and on schedule. The $75-million gold-silver prop…
Azco secures Sanchez financing
Having received a commitment of US$35 million from a syndicate of international banks led by Barclays Bank PLC, Azco Mining (TSE) will soon begin construction at its Sanchez copper project in southeas…
Two TVX rigs at Pachicutza
Drilling has outlined four main, open-pit target zones at the Pachicutza gold property in Ecuador. TVX Gold (TSE) has two rigs working its 92%-owned property where (to date) 23 holes, representing 5,6…
Green light for Santa Cruz
An Arizona state agency has awarded the environmental permit required for the Santa Cruz project to proceed. The $22-million operation, situated 7 miles west of Casa Grande, is an in situ copper minin…
Bissett moves forward
Toronto-listed Rea Gold is set to begin the engineering work required to complete a final feasibility study of the Bissett gold project in eastern Manitoba. The decision was made on the basis of resul…