Keylock samples Number 9 vein
Channel sampling on the Number 9 vein at the Gordon Lake property northeast of Yellowknife, N.W.T., continues to yield high-grade assays. Keylock Resources (ASE) reports that samples have run as high …
News
Correction (October 03, 1994)
Vancouver-listed Loumic Resources will not acquire a half interest in a cyanide mill nor the San Luis or Cayayi concessions in Venezuela, contrary to a report in our Sept. 26 issue (C section). In ear…
United Keno resumes drilling at Elsa
At the Silver King mine in the Yukon, United Keno Hill Mines (TSE) has confirmed the downdip continuation of mineralization previously mined in 1989. The drilling is part of a program designed to iden…
Cachet options nickel project
Junior Cachet Enterprises (VSE) can earn a half interest in the Canalask nickel property in southwestern Yukon from Expatriate Resources (VSE). It can do so by spending $250,000 in 1994, $375,000 in 1…
Roycefield drills two antimony plays
A 3,000-metre drill program to test three antimony geochemical anomalies has resumed at Roycefield Resources’ (ASE) Beaver Brook property in central Newfoundland. Deeper drilling will be carried out o…
Juneau to host 1995 conference
The Alaska Miners Association will host a 3-day conference in Juneau next year focusing on mining in the future. The theme of Conference Juneau 1995, scheduled for April 19-21, will be “From the Klond…
GOLD FUNDS (October 03, 1994)
Gold Funds as of Sept 26 BGR Central Net Value $18.13 $6.87 Price $16.00 $7.25 Premium 5.5 Discount 11.74% Value $147,279,000 $131,219,925…
Joutel set to drill three Cuban gold discoveries
Drilling is scheduled to begin shortly in Cuba on three new gold discoveries belonging to Joutel Resources (TSE). The first discovery, La Zona Barita, is on the Sierra Maestra concession in the southe…
STOCK MARKETS — Gold sector outshines TSE composite index
A strengthening gold sector and stable U.S. interest rates did little to boost the Toronto Stock Exchange over the 5-day report period ended Sept. 27. The composite 300 index dropped 16.09 points to e…
STOCK MARKETS — Majors benefit from bullion’s price rise
Gold took a couple of runs at the US$400-per-oz. level over the report period ended Sept. 27, settling in the area of US$397. The bullion action appeared to help major producers while the junior marke…
Geomaque completes drilling at San Francisco project
A 75-hole, 6,000-metre program of definition drilling has been completed at Geomaque Explorations’ (TSE) San Francisco gold project in Mexico’s Sonora state. The program was designed to provide additi…
Wiens addresses London symposium
Continued support for the uranium industry depends on the public’s belief that the sector is committed to strict environmental protection standards, Saskatchewan’s environment minister said recently i…