Minefinders plans Mexican program
The search for gold and silver deposits in established North American mining camps has taken Minefinders (VSE) to Nevada, Arizona and North Carolina in the U.S. and Chihuahua state in Mexico. The juni…
News
More good results from IGR’s Bibiani
International Gold Resources (CDN) has reported results from the final 11 reverse-circulation drill holes at the Bibiani gold deposit in Ghana. The best results are as follows: * Hole 40 intersected 1…
Breakwater shareholders OK part of plan
Shareholders of Breakwater Resources (TSE) have approved part of a restructuring plan put forth by management. The approved section calls for repayment of up to $10 million in outstanding debt owed to…
Metall launches exploration program to extend life of Winston
Aiming to extend the life of its Winston Lake mine in northwestern Ontario, Metall Mining (TSE) has begun underground exploration of the nearby Pick Lake deposit. A 2.5-km.-long drift, costing $2 mill…
Nymex, Comex approve merger
Members of both the New York Mercantile Exchange (Nymex) and the Commodity Exchange (Comex) of New York voted recently in favor of merging the two futures exchanges. Nymex, the world’s major trader of…
Merger between Hendricks and Everdeen approved
The proposed merger of privately owned Hendricks Minerals Canada and inactive Everdeen Resources has been approved. The new company, which will retain the name “Hendricks Minerals Canada,” will trade …
NEWS ROUNDUP — New chapter for Canada Tungsten
New York-listed Cyprus Amax intends to select a buyer for its 48.3% controlling interest in Canada Tungsten (TSE), which is active in North and South America. The decision evolved from the merger of C…
Positive study for Beta Vargas
Encouraged by a pre-feasibility study, Lyon Lake Mines (ME) is hoping to have its Beta Vargas heap-leach gold project in Costa Rica in operation by the first quarter of 1995. President Guy Hebert said…
Gold demand trends, worldwide
Four salient trends have emerged in the gold market. First, attitudes towards gold by the European central banks have been more positive during the past year, judging by official statements and report…
Santa Fe resumes work on Pandora property
Drilling has resumed on Queenston Resources’ (TSE) Pandora gold property near Malarctic, Que. Operator Santa Fe Pacific Gold, a unit of Santa Fe Pacific (NYSE), says the 10,000-ft. program will test t…
Noranda files $500m of debt securities
Noranda (TSE) has filed a preliminary, short-form, shelf prospectus with the Ontario Securities Comission. The prospectus will allow the major to file up to US$500 million worth of debt securities for…
Environmental concerns raised about two Noranda projects
Environmental concerns about two mining projects in the U.S. were raised at the annual meeting of Noranda (TSE) in Toronto. In Montana, Noranda affiliate Hemlo Gold Mines, through 60%-owned Crown Butt…