Meliadine drilling cuts gold values
Drilling on the Meliadine project near Rankin Inlet, N.W.T., is returning gold values for joint owners Cumberland Resources (VSE) and Comaplex Resources (TSE). The current program includes closely spa…
News
Martel accused of violating Privacy Act
Ontario’s privacy commission has decided that the province’s mines minister, Shelley Martel, revealed “personal information” about an Ottawa man and, consequently, has violated the Freedom of Informat…
Honduran gold-copper play draws Kennecott’s interest
A gold-copper prospect in Honduras has caught the eye of Kennecott, which plans to carry out a due diligence review before committing to an earn-in agreement with property owner Milagro Minerals (VSE)…
Hendricks active in Canada, Norway
Prospecting by Hendricks Minerals (CDN) on its 75%-owned property near Bathurst, N.B., has uncovered several mineralized blocks. Grab samples averaged 7-14% combined lead-zinc mineralization and 8-14 …
Paredones results encourage Echo Bay
Drill results from the Paredones Amarillos gold property in Baja California Sur, Mexico, are proving encouraging for Baja Gold (TSE) and Echo Bay Mines (TSE). The latter can earn a 51% interest in the…
Metal Prices — London Metal Exchange (August 29, 1994)
Spot closing prices in $US per tonne Date August 23 August 22 August 19 August 18 August 17 Copper 2370-2371 2374.5-2375.5 2391-2392 2411-2412 2399.5-2401.5 Lead 565.5-566.5 564-565 563-565 574.5-575….
First cathode at Quebrada Blanca
The Quebrada Blanca mine in northern Chile has yielded its first cathode copper. Perched in the Andes at an altitude of 4,300 metres, near the Bolivian border, the mine is in the midst of completing i…
NEWS ROUNDUP — Homestead outlines DKO targets
Geological and geophysical targets have been outlined on the DKO gold property of International Homestead Resources (VSE) near Larder Lake, Ont. A program of line cutting and geophysical surveys has b…
PEOPLE — EAGLECREST
George Nicholson appointed director.
PEOPLE — HOMESTAKE MINING (August 29, 1994)
Jack Thompson appointed president and chief operating officer.
Control at Imperial changes hands
Control of Imperial Metals (TSE) is now in the hands of Calgary investor N.M. Edwards. Through a private financial corporation, Edwards will buy the 20-million-share block held by a group of five Euro…
THE DIAMOND PAGE — Diamond Fields, partners sign agreement
Few junior companies searching for diamonds outside North America have accomplished as much, within a relatively short time, as Diamond Fields Resources (TSE). The company is headed by Jean-Raymond Bo…