Gold Funds (November 21, 1994)
BGR Central Net Value $17.76 $6.58 Price $14.88 $6.875 Premium 4.5% Discount 16.26% Value $143,505,000 $124,432,688…
News
Nugget drilling Hill End project
Drilling is planned for early 1995 at the Hill End gold project in Australia, Nugget Resources (ASE) reports. The junior, which recently completed a $525,000 initial public financing to gain a listing…
Vengold active in Km 88 program
In the Kilometre 88 region of Venezuela, a second phase of drilling is under way on the properties of Vengold (TSE). The junior plans to focus on four targets that returned significant values in the f…
THE DIAMOND PAGE — United Reef expands holdings in Central
Exploration sampling on United Reef’s (TSE) Bamingui River property in the Central African Republic has significantly expanded the resource of diamond-bearing gravels that were outlined in 1993. Since…
Clarification (November 14, 1994)
In its issue of June 14, 1993, The Northern Miner published an article on the first and second pages under the headline “Gold values elusive at Oregon exploration property.” The article contained refe…
ODDS’N’SODS — Optimism knows no bounds
In 1966, New Senator Mines drilled a wildcat exploratory hole in a churchyard in the beautiful village of Margaretsville on the Bay of Fundy in Nova Scotia. On the first day that the drill rig was bei…
Peace accord should boost Angolan mining
The end of almost 20 years of fighting in Angola should ignite an economic revival in the African country and enable its fledgling mining industry to take flight. The country’s two warring factions me…
William resurrects Santa Juana mine
A feasibility study has given the redevelopment nod to the past-producing Santa Juana mine in Durango, Mexico. The mine, owned by William Resources (ME), hosts 2.8 million tonnes averaging 3.6 grams g…
Wrightbar, Charlim get OK for merger
Shareholders of both Wrightbar Mines and Charlim Explorations have approved the merger of the two Montreal-listed companies. Each Wrightbar shareholder will receive one common share of Lithos, the new…
Glimmer Drilling tests Hislop-Beatty
Junior Glimmer Resources (VSE) has released final results from the last hole in a drill program on the Hislop-Beatty property in northeastern Ontario. Hole 142 featured five intercepts, including an u…
Cominco unveils Yukon discovery
Details of a much-talked-about polymetallic discovery in southeastern Yukon are now available. Cominco (TSE), owner of the property, estimates the project’s inferred resource at 13 million tonnes grad…
Anvil Range acquires Faro
The purchase of the Faro zinc-lead mine assets in the Yukon is complete, Anvil Range Mining reports. The company, which is in the process of going public, acquired the Faro assets of former miner Curr…