PEOPLE — CONS. SAMARKAND
Ronald Tammekand appointed director.
News
EDITORIAL PAGE — Lively bidding battle
The summer doldrums were kept at bay this year by the lively battle for control of Lac Minerals, launched by Royal Oak Mines in early July. The company recently withdrew from the bidding war, paving t…
NEWS ROUNDUP — Caretech drilling Thunder Lake W.
Results from five holes drilled at the Thunder Lake West project near Dryden, Ont., continue to provide encouragement for Continental Caretech (CDN). Holes TL-88 and TL-89 intersected the down-plunge …
IGR drilling at Bibiani gold project
TSE-listed International Gold Resources has completed the first phase of reverse circulation drilling at the past-producing Bibiani mine in Ghana, West Africa. Seventy-four holes, totaling 29,200 ft.,…
Progress at Tulsequah Chief
Encouraged by results from an exploration program involving both surface and underground work, Redfern Resources (TSE) has accelerated permitting and engineering feasibility studies for its Tulsequah …
Platinum mine for Zimbabwe
Australian mining company Delta Gold and the Zimbabwean government have signed a contract for a new platinum mine that represents the biggest single foreign investment in the country since its indepen…
Cons. Bonanza to acquire gold mine in Mozambique
Alberta-listed Consolidated Bonanza Metals will acquire all of the shares of Mincor Mozambique, which holds a 20-year mining licence in Mozambique. The licence contains the Monarch gold mine, which co…
STOCK MARKETS — Western markets show signs of renewed life
With summer nearly over, expectations are that trading activity may pick up a little steam on western markets. The slump of recent months is a reflection of diminishing investor interest in diamond-re…
METAL PRICES — FREE MARKET (September 12, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Sept.6 Sept.5 Sept.2 Sept.1 Aug.31 Copper 2482-2483 N/A 2490-2491 2498-2499 2499-2500 Lead 604.5-604.5 N/A 604.5-605.5 601.5-602.5 589.5…
Virginia Gold acquires new property
An exploration program is under way at the wholly owned Permit 936 property of Virginia Gold Mines (ME) in the Labrador Trough area of northern Quebec. The company’s newest property acquisition is adj…
Freewest options Kinbauri gold play
Montreal-based junior Freewest Resources (TSE) has agreed to earn a 60% interest in Kinbauri Gold’s Morrisette Creek gold property. The property, consisting of 30 claims northeast of Kirkland Lake, On…
TVX drilling Ecuadoran play
A 300-metre-long hole drilled by TVX Gold (TSE) at its 94%-owned Pachicutza property in Ecuador yielded an intersection that averaged 1 gram gold per tonne over 171 metres. This included a 36-metre se…