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…
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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…
Molejon gold discovery adds to Petaquilla project
Drilling on the Molejon deposit on the Petaquilla property in Panama is returning gold values for Adrian Resources (TSE). Based on 11 holes drilled to date, indicated and inferred geological resources…
Centurion adds to Tintic area holdings
In return for cash and common stock, Centurion Mines (NASDAQ) has acquired the Grand Central mine and 70% control of Mammoth Mining, thereby securing a prospective land package encompassing about 500 …
Cathedral expands gold zone at Kaburi-Eldorado project
Drilling on the Kaburi-Eldorado property in Guyana is continuing to expand the Hicks zone for owner Cathedral Gold (TSE). The best result from the latest five holes (94-21 through 94-25) returned 9.8 …
BHP Minerals filing plan of operations
Australian mining giant Broken Hill Proprietary is proceeding at full speed in the race to develop Canada’s first diamond mine. The company, through subsidiary BHP Minerals Canada, is earning a 51% in…
Asia Minerals, Royal Oak take on Chinese venture
A gold project in northeastern China is providing a new focus for Asia Minerals (ASE), a junior which has evaluated several projects in that country. The latest is a joint venture that allows the comp…
Reynolds selling Aussie gold assets
New York-listed Reynolds Metals has retained a securities firm to help sell its remaining gold mining assets in Australia. The assets include mines in the Marvel Loch and Southern Cross areas, the Mt….
THE DIAMOND PAGE — Yamba Lake diamond exploration results
The Lac de Gras region of the Northwest Territories was back in the spotlight as results were released of a mini bulk sample from the Yamba Lake joint venture of Tanqueray Resources (ASE) and Mill Cit…
GOLD FUNDS (September 05, 1994)
BGR Central Net Value $17.27 $6.73 Price $15.75 $7.50 Premium 11.4% Discount 8.81% Value $140,331,000 $121,811,596…
Louvicourt mine on track, first concentrates shipped
With the first shipment of copper concentrates having been delivered last month, the Louvicourt copper-zinc-gold operation appears to be safely on track. The deposit, near Val d’Or, Que., is being dev…