Drilling expands Choco 6 tonnage
A second phase of drilling has further defined the Choco 6 property in Venezuela’s El Callao district. Gold Vessel Resources (VSE), which is earning a half interest from a private Venezuelan company, …
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Zamora exploring in Ecuador
A preliminary program of trenching, sampling and airborne geophysics is under way on two concessions in the Nambija gold district of southern Ecuador. Mina Real and Campanilla are two of 30 concession…
Two new mines on track for Greenstone
In addition to its Oronorte mine, now producing in Colombia, Greenstone Resources (TSE) expects to have another two Latin American gold mines up and running by year-end. Indeed, the first gold has alr…
Major Gen. hits massive sulphides
The first hole of a drilling program at the Rendell-Jackman project in Newfoundland intersected 38 metres of zinc-lead-copper massive sulphide mineralization. Major General Resources (VSE), owner of t…
GOLD FUNDS (November 07, 1994)
BGR Central Net Value $18.31 $6.74 Price $14.88 $6.875 Premium 2% Discount 18.76% Value $148,595,000 $124,432,688…
Spot prices at a glance (November 07, 1994)
Week’s Price (US) Change Gold* $383.85 – $4.95 Silver* $5.28 – $0.03 Platinum* $418.00 – $2.70 Nickel** $3.39 + $0.13 Lead** $0.30 $0.00 Copper $1.23 + $0.03 Zinc $0.52 + $0.02 Courtesy of Scotiabank….
NEWS ROUNDUP — Tenajon, Westmin drilling S.B.
Underground diamond drilling is under way at the S.B. gold property near Stewart, B.C. Partners Tenajon Resources (VSE) and Westmin Resources (TSE) recently completed an underground development progra…
NEWS ROUNDUP — Ecudor options McWatters mine
Montreal-listed Societe Miniere Ecudor will acquire the past-producing McWatters gold mine near Rouyn-Noranda, Que. From 1933 to 1944, the mine yielded 368,000 tons of ore averaging 0.31 oz. gold per …
Lyon Lake active at Beta Vargas
A second phase of development work is being carried out at the Beta Vargas gold property in Costa Rica. Lyon Lake Mines (ME) says the work will include trenching of the known orebody, which contains p…
Asarco drilling at Butte Highlands
Drilling on the Nevin Hill zone at the Butte Highlands property near Butte, Mont., has now tested the deposit over a 1,000-ft. strike length and to a depth of greater than 1,400 ft. Asarco (NYSE) has …
NEWS ROUNDUP — Cardinal plans new coal mine
Plans are under way to build Alberta’s first coal mine since 1982. The Cheviot project will be developed at a former mine site south of Hinton at a projected cost of $250 million. Cardinal River Coals…
Atna explores Yukon properties
The 16-claim Toe property has been added to the holdings of Atna Resources (VSE) in the Finlayson Lake area of southeastern Yukon. The Toe and two other properties, the Pak and Foot, lie within a stra…