Canyon free to put Briggs in production
Having consulted with Congress on the proposed California Desert Wilderness Bill, Canyon Resources (NASDAQ) can now proceed with development of its Briggs gold project. It has been determined that the…
News
Getty expands copper holdings
Getty Copper (VSE) is expanding its property holdings in Highland Valley near Kamloops, B.C. Under an agreement with Robak Industries, the company will earn a half interest in four concessions: Getty …
Despite strike, Porgera producing
Gold production is continuing at the Porgera mine in Papua New Guinea (PNG), despite a strike by members of the Porgera Mining and Allied Workers Union. The dispute, over wage and other employment ben…
U.S. gold reserve an open secret
The U.S. gold reserve is one of Washington’s “open secrets.” The Treasury’s open attitude about the status of the reserve can be attributed to three factors: * The U.S. gold reserve is owned and manag…
Thompkins plans book signing
Author R.W. Thompkins will be autographing copies of his new book, The Richest Canadian, at the Toronto ’94 conference, to be held in early May at the Metro Toronto Convention Centre. Thompkins, emeri…
PEOPLE — ADVANCED PROJECTS
Andrew Milligan appointed president and director; James Carter, Victor Erickson and David Jennings appointed directors.
Hot hole reported from Damoti Lake play
Drilling on the Damoti Lake project north of Yellowknife, N.W.T., has returned the highest-grade hole to date. Hole D-43 intersected 6.7 ft. (from 271.0-277.7 ft.) grading 0.26 oz. gold per ton plus a…
Massive Alberta land position — Lac Minerals pools ground
Major gold producer Lac Minerals (TSE) says it has reached an agreement in principle with Tintina Mines (TSE) and NSR Resources (TSE) to pool land holdings totaling 11,000 sq. miles in the Ft. MacKay …
Dayton obtains $34m financing
An underwriting group lead by Burns Fry has made a firm commitment to buy 7.6 million special warrants of Dayton Mining (TSE) at $4.50 each for total proceeds of $34 million. The financing paves the w…
Caribgold drilling Cuban project
Drilling has begun on Caribgold Resources’ (TSE) Descanso-Melonera gold project near the city of Santa Clara in west-central Cuba. Previous work by Cuban geologists outlined a high-grade gold vein sys…
NEWS ROUNDUP — Sleeping Giant has strong 1st quarter
First-quarter gold production from the Sleeping Giant mine in northwestern Quebec was 22% higher than originally forecast. The mine, jointly owned by Cambior (TSE) and Aurizon Mines (TSE), produced 10…
Eden Roc explores Aniuri and Hermann areas in Ivory Coast
Proven, probable and possible gold reserves on the Ivory Coast concession controlled by Eden Roc Mineral (TSE) are now 5.5 million tonnes averaging 4.52 grams gold per tonne. This equates to 804,000 c…