Jonpol works three properties
Junior Jonpol Explorations (TSE) and its partners will explore three properties in Ontario and Quebec. A program of three deep drill holes has been proposed for the Garrison Twp. gold property in nort…
News
Arequipa drops San Jose play
Results from a 3,000-metre drilling program on the San Jose copper project in Peru have prompted Arequipa Resources (VSE) to drop the property. Although sporadic areas of high-grade oxide copper were …
EDITORIAL PAGE — Mining goes native
North America’s largest land-owner, holding an estimated $6 billion in cash and owning 15,000 businesses, is showing a keen interest in mineral opportunities. The potential investor, with the blessing…
Partners explore Mishibishu Lake
Fifty-fifty partners MacMillan Gold (TSE) and Granges (TSE) are exploring their Mishi gold property near Mishibishu Lake in northern Ontario. Geophysical surveys are being employed in an effort to out…
Argentina Gold adds to its El Indio holdings
The acquisition of a 61% stake in Minera Rio Frio increases Argentina Gold’s (VSE) already substantial holdings in Argentina. Rio Frio holds claims comprising 45,000 hectares in San Juan province; the…
Cons. Nevada takes writedowns
Despite higher gold production, Consolidated Nevada Goldfields (TSE) reported a year-end loss. Three factors — lower-than-expected grades, US$5.2 million in writedowns and other expenses totaling US$…
PRODUCER PRICES (October 17, 1994)
ALUMINUM: MW U.S. market US78.5-79.5 cents per lb. (Sept. 22, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 30, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 30, 199…
Definition drilling program tests River Gold property
Encouraging results have been received by River Gold Mines (TSE) from the company’s wholly-owned Eagle River gold project 50 km west of Wawa, Ont. The drill program involves detailed definition drilli…
Abacus stakes Lake property
Junior Abacus Minerals (VSE) has staked 2,000 hectares on the Lake property near Iskut River, B.C. The company arrived at the area by following a train of mineralized boulders in talus, which led to a…
NEWS IN BRIEF (October 17, 1994)
New Rio Resources (NRR: VSE) has changed its name to Southern Rio Resources (SNZ:VSE) on a sh-for-sh basis.
TSE Short Positions (October 17, 1994)
Semi-monthly reports as of Sept 15, 1994 showed 252,996,914 shares of 872 issues compared with 277,080,927 shares of 904 issues on Aug 31, 1994. Larger individual positions included: Aber 108,040; Ade…
Pioneer Metals plans drilling, restructures
Having completed preliminary exploration of several of its British Columbia properties, Pioneer Metals (TSE) plans to forge ahead with drilling. Trenching on the Hen property has uncovered the source …