High River to acquire Chilean gold project
Toronto-listed High River Gold Mines will earn a 67% direct interest in the Pastos Largos gold project in the Domeyko region of Chile. Under an agreement with a private Ontario company, High River wil…
News
EXPLORATION ’94 — Quebec exploration activity — Kennecott
An option agreement withVirginia Gold Mines (ME) will allow Kennecott Canada to explore two properties in the Labrador Trough area of northern Quebec. Exploration work is planned or is under way at nu…
EXPLORATION ’94 — Stock markets cool after heady start in
Canadian stock markets, which roared early in the year, displayed renewed vigor during the summer and into autumn before cooling again in late October. The Toronto Stock Exchange set a new milestone O…
EXPLORATION ’94 — Copper values at Cashin
Drilling on the Cashin property in western Colorado is confirming the presence of a large, disseminated copper deposit. Summo Minerals (VSE) can acquire the property by paying an aggregate of US$900,0…
Rea pours first gold at Mt. Hamilton mine
Within five months of acquiring the Mt. Hamilton gold project in eastern Nevada, Rea Gold (TSE) has poured its first gold-silver dore bar. An open-pit, heap-leach operation, Mt. Hamilton was acquired …
TVI drilling defines zones at Canatuan
Drilling on the Canatuan property of TVI Pacific (ASE), in the Philippines, continues to define a copper-enriched polymetallic massive sulphide deposit downdip of an overlying gold-silver gossan zone….
Teddy Bear plans debenture issue
A private placement of convertible debentures will allow Teddy Bear Valley Mines (CDN) to raise a minimum of $6 million. The junior reached an agreement-in-principle with brokerage firm Loewen, Ondaat…
Peruvian Gold explores Agua Verde gold property
A copper-bearing, skarn-intrusive contact on the Agua Verde property of southern Peru is the focus of extensive sampling by Peruvian Gold (VSE). An intrusion into host sedimentary units by an ellipsoi…
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…
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…