Shiningtree buys Manitoba claims
Alberta-listed Shiningtree Resources has bought 34 claims comprising 1,360 acres in southeastern Manitoba. The claims, situated north of Bernic Lake, are underlain by an east-west-trending structure t…
News
Gold City, partners set merger terms
Partners Gold City Resources (ASE), Providence Industries (VSE) and privately held McKinney Mines have set the terms of their planned merger. Shareholders will receive one share in the new company for…
Rainbow drilling confirms zone
Drilling on the Rainbow property is confirming a new zone of copper mineralization encountered earlier this year. Teck (TSE) now holds a 70% interest, which it acquired from Getchell Resources (VSE). …
Princeton drilling continues at Ingerbelle East deposit
Recent drilling at the Similco mine property in southwestern British Columbia is expected to lead to an increase in the tonnage and grade of the Ingerbelle East deposit. The property is owned by Princ…
Antares encouraged by drilling at Zimbabwean gold prospect
Results from an 18-hole program at its gold project in Zimbabwe have given Antares Mining and Exploration (TSE) cause for optimism. The drilling was carried out on the Interloper zone at the Lady Lina…
Minefinders active at La Bolsa prospect
Reconnaissance sampling at Minefinders’ (VSE) La Bolsa property, in Mexico’s Sonora state, has revealed the presence of altered rocks with quartz stockworks and anomalous gold values ranging up to 0.3…
Bethlehem, Goldnev repay loan
Partners Bethlehem Resources (TSE) and Goldnev Resources (VSE) will soon finish repaying the loan they received to reactivate the Goldstream mine near Revelstoke, B.C. The final payment of US$528,000 …
Decision near for Cerattepe
A prefeasibility study of the Cerattepe project in Turkey calls for an operation consisting of both underground (copper) and open-pit (gold-silver) workings. The deposit, operated by Cominco Resources…
Asian markets give boost to potash
While slow in Europe and North America, demand for potash continues to grow in Asia, the Middle East and South America, says Roskill Information Services of London in its study, Potash: Market Update,…
SEG optioning ground in Ghana
Montreal-based SEG Exploration (ME) has opted to earn a 75% interest in the Teleku-Bokazo gold property in Ghana, West Africa. The 20-sq.-mile concession lies on the Ashanti Trend, which hosts the Ash…
Ecudor raises funds for Adanac play
Rouyn-Noranda-based Ecudor Mining (ME) is raising what could amount to $750,000, to be applied to its Adanac property in Quebec’s Rouyn Twp. Between 150 and 750 units will be offered. Each unit, price…
Metal Prices (October 17, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Oct 11 Oct 10 Oct 7 Oct 6 Oct 5 Copper 2485-2486 2497.5-2498.5 2451.5-2452.5 2540-2541 2528-2530 Lead 625-626 631-632.5 633-634 627.5-62…