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…
News
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…
Positive study for Andacollo
Management of Canada Tungsten (TSE) plans to develop the Andacollo copper property in Chile, with the red metal to be recovered by solvent-extraction electrowinning. The Vancouver-based company (now h…
Eight new inductees to Mining Hall of Fame
The Canadian Mining Hall of Fame will induct eight individuals at its annual dinner on Jan. 9, 1995, in Toronto. Established seven years ago, the Hall honors legendary minefinders and builders who con…
Minorco acquires Lisheen interest
The Lisheen zinc-lead deposit in Ireland will be developed by Minorco and Ivernia West. Following a decision in September by the Irish High Court in its favor, Ivernia acquired the 52.5% interest in t…
Great Lakes advances Lluvia de Oro
Development of a second gold deposit is in the works for Great Lakes Minerals (TSE). With cash flow expected by year-end from its 20%-owned Grouse Creek gold mine in Idaho, the company has commissione…
Hyundai acquires Anvil Range shares
Having bought the Faro property in the Yukon, Anvil Range Mining has entered into an agreement with Hyundai of Korea involving the sale of Anvil shares worth $24.5 million. Hyundai will acquire almost…
Echo Bay exploring Mexican gold project
Exploration results from the Paredones Amarillos gold property in northwestern Mexico are providing encouragement for Echo Bay Mines (TSE) and Baja Gold (TSE). “Echo Bay has indicated to us that this …
NEWS ROUNDUP — West Fork gold values
Gold values are reported from a drilling program at the West Fork project in Guyana. Situated in the Cuyuni mining district, the project is owned jointly by Roraima Gold (VSE) and Golden Star Resource…
NEWS ROUNDUP — Cominco finds Turkish delight
Northeastern Turkey is the site of a new gold discovery by Cominco Resources International (TSE). Situated in the same geological setting as the nearby Saray property, the Rhodo prospect consists of t…
Lexam explores three areas
Junior Lexam Explorations (ME) is exploring within three regions of North America. In June, the company signed an agreement with BHP Minerals Canada for the joint exploration of Lexam’s Mackenzie gold…