IGR drill program confirms Bibiani potential
A drill-indicated resource has been estimated for the Bibiani project in Ghana, West Africa. The deposit, owned by Toronto-listed International Gold Resources (IGR), contains about 10.5 million tons a…
News
Cusac confirms mineralized vein
At the Table Mountain gold property in northern British Columbia, preliminary work has begun on the western extension of a new structure identified as the Big Vein. The work coincides with advancement…
Asarco strives to meet objectives
To date, Asarco (NYSE) has spent nearly $1 billion in an effort to move the thrust of its operations away from custom smelting and refining, and more towards copper and lead production. The money was …
IMPACT active in Guyana
Vancouver-listed IMPACT Minerals can acquire the Growler gold property in central Guyana. The agreement is with a Guyanese partnership, Eagle Mountain Associates. IMPACT may earn its initial interest …
STOCK MARKETS — Jump in bank rate deals a blow to TSE
A surging bank rate helped take the wind out of the TSE’s sails over the 5-day report period ended Dec. 13. The composite 300 index dropped 35.03 points to close at 4,044.41 as higher interest rates m…
Golden Tag discovery at Verneuil
A second gold zone has been discovered on Golden Tag Resources’ (VSE) Verneuil Twp. property 160 km northeast of Val d’Or. The Midrim zone was intersected in two holes drilled by project operator Free…
Black Hawk cuts more nickel at Redstone
Three holes drilled on Black Hawk Mining’s (TSE) Redstone nickel property south of Timmins, Ont., have intersected additional nickel mineralization. The holes were drilled to test the downdip extensio…
Spot prices at a glance (December 19, 1994)
Week’s Price (US) Change Gold* $378.35 – $1.45 Silver* $4.77 + $0.08 Platinum* $409.65 + $5.75 Nickel** $3.75 – $0.27 Lead** $0.28 $0.00 Copper $1.34 + $0.02 Zinc $0.49 – $0.01 Courtesy of Scotiabank….
Carson options Philippine project
The new year will see Carson Gold (VSE) begin drilling a newly optioned gold property in the Philippines. The Marian property, on Luzon Island, will be subjected to a 7,000-metre program. Carson can a…
NEWS ROUNDUP — Hindustan, BHP discuss venture
A state-controlled mining company in India, Hindustan Zinc, has reached an agreement with Australian-based BHP Minerals concerning a joint venture in Rajasthan. Prospecting licence applications have b…
NEWS ROUNDUP — Orient, Gold Hawk drill at Nelligan
A second hole is being drilled at the Nelligan gold project in the Miquelon area of northwestern Quebec, Orient Resources (ME) reports. Assays from the first hole are awaited. More than 1,000 metres o…
NEWS ROUNDUP — Glen Auden plans further drilling
Further drilling and induced-polarization surveys will test a new zone at the Casa Berardi project of Glen Auden Resources (CDN) in northwestern Quebec. The junior says hole 94-14, some 300 metres nor…