News


EXPLORATION ’94 — Copper values at Cashin

Drilling on the Cashin property in western Colorado is confirming the presence of a large, disseminated copper deposit. Summo Minerals (VSE) can acquire the property by paying an aggregate of US$900,0…


Rea pours first gold at Mt. Hamilton mine

Within five months of acquiring the Mt. Hamilton gold project in eastern Nevada, Rea Gold (TSE) has poured its first gold-silver dore bar. An open-pit, heap-leach operation, Mt. Hamilton was acquired …


TVI drilling defines zones at Canatuan

Drilling on the Canatuan property of TVI Pacific (ASE), in the Philippines, continues to define a copper-enriched polymetallic massive sulphide deposit downdip of an overlying gold-silver gossan zone….


Teddy Bear plans debenture issue

A private placement of convertible debentures will allow Teddy Bear Valley Mines (CDN) to raise a minimum of $6 million. The junior reached an agreement-in-principle with brokerage firm Loewen, Ondaat…


Peruvian Gold explores Agua Verde gold property

A copper-bearing, skarn-intrusive contact on the Agua Verde property of southern Peru is the focus of extensive sampling by Peruvian Gold (VSE). An intrusion into host sedimentary units by an ellipsoi…


Normabec options Noyell

Montreal-based Normabec Mining Resources (ME) can acquire a half interest in the Noyell gold property in Quebec from Soquem. To do so, it must spend $400,000 on exploration over three years, including…




METAL PRICES — FREE MARKET (November 28, 1994)

London Metal Exchange Spot closing prices in $US per tonne Date Nov 22 Nov 21 Nov 18 Nov 17 Nov 16 Copper 2835-2837 2875-2877 2879-2881 2893-2894 2913-2918 Lead 671.5-672.5 672.5-673.5 676.5-677.5 672…


INSIDER TRADING — Agnico-Eagle execs sell shares

Two directors and one senior officer of Agnico-Eagle Mines (TSE) exercised options and sold shares in September and October. According to the Ontario Securities Commission’s OSC Bulletin, senior offic…


Bolivar hits yellow metal at Tomi project

Exploration of the NE Tomi concession in Venezuela’s El Callao district continues to generate gold values for Bolivar Goldfields (VSE). A second phase of drilling is confirming the easterly extension …


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