LAST BUT NOT LEAST — Fenton reserves double
Reserves have doubled at the Fenton gold property in the Chibougamau-Chapais area of Quebec. Cache Exploration (ME) says test results indicate a preliminary estimate of 302,976 tons grading 4.24 grams…
News
Agnico to spend $65 million
During the next four years, Agnico-Eagle Mines (TSE) will spend close to $65 million on development at its LaRonde mine in northwestern Quebec. At the annual meeting, shareholders were told the money …
Gibraltar heading south
While Gibraltar Mines (TSE) continues to explore prospects near its copper mine in south-central British Columbia, the company has expanded its search much farther south, in Chile. Earlier this year, …
Cambior declines 5% option on Omai
Denver-based Golden Star Resources (TSE) will retain its 30% interest in the Omai gold mine in Guyana. The company says that, at its request, Omai partner Cambior (TSE) has elected not to exercise its…
PEOPLE — IMPACT MINERALS (June 27, 1994)
Ronald Singh appointed director.
PEOPLE — ANTILLES RES. (June 27, 1994)
Mel Zajac appointed director.
PEOPLE — AMBERGATE (June 27, 1994)
Hugh Mogensen appointed director.
MINING IN CHILE — Third Escondida expansion to boost output
If the current feasibility study of Escondida is approved, an expansion project will begin which would increase the copper mine’s annual output to more than 700,000 tonnes copper in concentrate. The e…
Inco plans debenture issue
Nickel giant Inco (TSE) is hoping to raise US$150 million through an offering in the U.S. of convertible debentures. The company has filed a preliminary prospectus with the Ontario Securities Commissi…
NEWS ROUNDUP — Gold values at Midway
Drilling on the Midway project near Rock Creek, B.C., has returned an 11-ft. intersection averaging 1.52 oz. gold per ton. Privately owned Phoenix Resources and Sway Resources (VSE) have earned a 51% …
Greenstone sells stake in subsidiary
Latin-American gold producer Greenstone Resources (TSE) has sold a 12.3% interest in its newly formed Colombian subsidiary to Instituto de Fomento Industrial (IFI). IFI is a Colombian government agenc…
Minorca acquires Phooey
Vancouver-listed Minorca Resources has entered an agreement with a prospector to acquire the Phooey Lake property in Langloiserie Twp., near Chibougamau, Que. Previous work, during 1945-53 and 1985-88…