PEOPLE — GOSSAN RES. (September 05, 1994)
Patrick Mars appointed director.
News
Zinc industry facing period of uncertainty
Not unlike the past 18 months, the next 10 years will be a period of significant change and uncertainty for the zinc industry, says Brook Hunt & Associates of England. The research firm, in its study …
Royal Oak withdraws bid — Barrick poised to win Lac battle
With the withdrawal of the Royal Oak Mines (TSE) bid, it appears likely that shareholders of Lac Minerals (TSE) will support the bid tendered by American Barrick Resources (TSE) and transfer control o…
STOCK MARKETS — Western market unfazed by latest diamond
Another disappointment on the diamond front appeared to have little effect on the overall market during the report period ended Aug. 30. An optimist might say the market was at or near its bottom, whi…
Providence part of merger deal
Expanding on its plans to merge with privately owned McKinney Mines, Gold City Resources (ASE) has announced that Providence Industries (VSE) will be included in the proposed amalgamation. McKinney an…
Noranda options Mexican play
Toronto-listed Noranda can earn up to a 75% interest in the San Isidro property in Mexico from Aquiline Resources (VSE). Aquiline estimates the property hosts between 20 and 70 million tonnes grading …
Donalda production rate on rise
The daily production rate at the Donalda gold mine in Rouyn-Noranda, Que., is expected to reach 450 tonnes in September after the seventh-level stopes start producing on a regular basis. Orco Resource…
Correction (September 05, 1994)
Junior Altai Resources (TSE) is earning a 60% interest in Peru’s La Brena copper-gold property, where mineralization with a surface expression of 1,500 by 300 metres has been exposed. An earlier descr…
Rayrock explores areas with affiliates
A subsidiary of Rayrock Yellowknife Mines (TSE) has signed an agreement concerning a joint venture on part of the Gold Bar claim block, owned by Atlas (NYSE). Rayrock can earn a 60% undivided interest…
Sudbury Contact strikes more gold at Victoria Creek
Toronto-listed Sudbury Contact has intersected additional gold mineralization at the Victoria Creek project in northeastern Ontario. Hole 25 hit 0.35 oz. gold per ton over 19.5 ft. associated with a h…
Nugget Pond gets green light
Development is proceeding at the the Nugget Pond gold project near Baie Verte, Nfld. Noveder (ME) of Rouyn-Noranda, Que., which hopes to have the project ready for production in early 1995, has obtain…
Seawest options Glen Auden ground
Field crews of Seawest Resources (VSE) are exploring an 89-claim property in northeastern Ontario’s Moody Twp. Seawest can acquire a 60% interest from owner Glen Auden Resources (CDN). Previous drilli…