Rayrock study finds Secret Pass deposit viable
An evaluation of the Secret Pass gold deposit near Beatty, Nev., calls for development of an open-pit, heap-leach mine, The deposit is part of the Daisy property, which is owned 75% by Rayrock Yellowk…
News
USMX advances Dewey deposit
A 28,000-ft. drill program consisting of 99 diamond drill and reverse circulation holes was completed by USMX (TSE) on its Dewey gold deposit at Thunder Mountain, Idaho. The program was successful in …
Barrick to sell four Lac properties
Conjecture over which properties American Barrick Resources (TSE) would sell following the closing of its $2.2-billion takeover of Lac Minerals has been laid to rest. The major recently announced its …
Valerie explores historic property near Mexico City
Vancouver-listed Valerie Gold Resources is exploring the Mamatla property near Mexico City for its low-grade, bulk-tonnage potential. Situated 125 miles southwest of the capital city, the gold-silver …
Ontario symposium scheduled
Registrations are being accepted for the 17th annual Mines and Mineral Symposium of the Ontario Ministry of Northern Development and Mines (MNDM) scheduled for Dec. 5-8 in the Macdonald Block at Queen…
STOCK MARKETS — Western markets slide further into slump
Western markets continue to languish amid a slipping gold price and despite recent price appreciation in base metals. The Vancouver Stock Exchange composite index managed to edge up 2.22 points to 836…
COMMENTARY — Supporting mining in Canada
Mining has a bright future in Canada, but only if the right steps are taken to support the industry at this crucial time, says Michael Hitch, a geologist with Vancouver-based Teck. One major concern i…
Canarc outlines gold anomalies in Suriname
Three large gold soil anomalies have been found on the Kaka grid at Canarc Resources’ (TSE) Sara Kreek property in Suriname. The grid covers 11% of the 22,500-hectare property, which was the second-la…
NEWS IN BRIEF (November 07, 1994)
Pentland Firth Holdings (PFO:ASE) has changed its name to Pentland Firth Ventures (PFO:ASE) on a share-for-share basis.
METALS COMMENTARY — Strong demand boosts metal prices
Volatile metal prices have romped upwards over the past few weeks, spurred by strong demand and ever more price speculation. While long-term metals consumption remains positive, some retrenchment in p…
Jonpol options Mali concession
Toronto-listed Jonpol Explorations can earn a half interest in International Tournigan’s (VSE) gold property in Mali, West Africa. Tournigan completed soil and rock chip sampling in 1994 and obtained …
Correction (November 07, 1994)
All of Pangea Goldfields’ (TSE) Tanzanian gold projects are either wholly owned or optioned from local companies. Production from the properties is subject to a 3% net smelter return royalty payable t…