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…
News
GOLD FUNDS (November 28, 1994)
BGR Central Net Value $17.68 $6.69 Price $15.00 6.625 Discount 15.13% 1.0% Value $142,527,000 $119,907,863…
EXPLORATION ’94 — Cambior prepares projects for production
A pair of polymetallic projects in northwestern Quebec, in which Cambior (TSE) is the major player, are in preproduction. Commercial production at the 1100 Lens project of Audrey Resources (TSE) near …
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 …
Diabior, partner test La Grande
Montreal-listed partners Exploration Diabior and Garde Societe d’Exploration have begun exploring La Grande property near Radisson, Que. Stripping, trenching and sampling will be performed in an effor…
Nuinsco drill program at Rainy River gold project
Drills have begun turning on Nuinsco Resources’ (TSE) Rainy River gold project in northwestern Ontario. The program will test targets outlined by geophysical, geochemical and geological surveys. The R…
Drill results reported from Goldfields play
Toronto-listed Greater Lenora is encouraged by drill results from its Goldfields project in northern Saskatchewan. The assays are from 11 infill holes and three deep exploration holes drilled in the B…
Cambiex cuts gold in Utah
A 3,000-metre drill program on Exploration Cambiex’s (ME) Annie Laurie gold property in Utah has yielded promising results. Five holes drilled in the Annie Laurie vein system returned the following va…
Geomaque ups reserves at Mexican deposit
Based on recent drill results and a new pit design, reserves at Geomaque Explorations’ (TSE) San Francisco gold deposit in Mexico have increased by 54%. Minable proven and probable reserves at the dep…
Placer to buy stake in Orex’s Goldboro
Toronto-listed Placer Dome can acquire a 65% interest in the Goldboro property in Guysborough Twp., N.S. To do so, it must pay $30 million to Orex Resources (ME) and make various exploration and devel…