Test mining a success for Fairfield Minerals
Underground test mining is returning both revenue and positive results from the company’s Siwash North gold deposit in southern British Columbia. Owner Fairfield Minerals (TSE) recently sold more than…
News
THE LATIN BEAT — Peruvian Gold expands ground
Encouraging preliminary results from exploration of the Mont Dor leases in southern Peru have prompted Peruvian Gold to apply for a further 13,000 hectares in the area. The company’s current lease are…
Ecuadorian plans further drilling on Gaby joint venture
A second stage of prefeasibility drilling is under way on the Gaby joint venture in Ecuador. Ecuadorian Minerals (ASE) is earning a 35% interest in any oxide resource outlined and a half interest in a…
THE LATIN BEAT — TVX options Brazilian gold play
TVX Gold (TSE) can acquire the Natividade gold property 550 km north of Brasilia, the capital of Brazil. The property comprises 230,000 hectares and hosts numerous gold occurrences that have been work…
Southern Pacific stakes Mexican copper
Southern Pacific Copper (VSE) has acquired the Toliman porphyry copper prospect in Mexico’s Chiapas state. It acquired the 3,600-hectare concession by staking after it was released from the federal re…
Starcore exploring platinum project
Drilling is expected to begin later this summer on the Goodnews Bay platinum project 420 miles southwest of Anchorage, Alaska. The program will be managed by Starcore Resources (VSE), a Murray Pezim-c…
Ft. MacKay deal nixed by Lac and Tintina
Three TSE-listed companies — Lac Minerals, Tintina Mines and NSR Resources — have ceased negotiations to pool land and jointly develop a gold exploration program in the Fort MacKay area of northeast…
GOLD FUNDS (July 25, 1994)
Gold Funds as of July 18 BGR Central Net Value $17.06 $6.74 Price $15.25 $7.125 Premium 5.7% Discount 10.60% Value $138,597,000 $128,957,513…
NEWS ROUNDUP — Louvem acquires Peruvian gold play
Toronto-listed Louvem Mines has acquired a 12,350-acre, gold-bearing, gravel property in southern Peru. Situated near Nazca on the costal plain, the ground was staked at a cost of US$10,000. The gold-…
NEWS ROUNDUP — Chase expanding Philippine ground
Chase Resource (TSE) has acquired the right to explore and develop 95,000 hectares on the southern Philippine island of Mindanao. The ground includes and surrounds the T’Boli gold exploration project …
Upbeat results on MVP projects
Affiliated companies MVP Capital (TSE) and Excellon Resources (VSE) have completed a 14-hole, 6,125-ft. reverse circulation drill program on their jointly owned TDC Leases, near Tombstone, Ariz. Four …
Wheaton River to raise $2 million
Wheaton River Minerals (TSE) is offering a private placement of 1 million special warrants at $2 each. Each warrant will entitle the holder to acquire one unit consisting of a common share and half a …