Winslow drilling yields gold values
Project partners Winslow Gold (VSE) and Northwind Ventures (VSE) have intersected an auriferous skarn zone at the Rock Creek-Dayton Camp property in southeastern British Columbia. Hole 93-DC2-8 inters…
News
N.W.T. diamonds show high quality: gem expert
One of many highlights of The Northern Miner’s recent tour of Lac de Gras, N.W.T., was a videotaped commentary by John Gurney. The diamond expert was discussing the quality of diamonds being recovered…
Golden trenches for Cathedral (January 17, 1994)
Thirty trenches have been completed across the Hicks shear zone on the Kaburi-Eldorado property in Guyana. Cathedral Gold (TSE) is earning up to a 90% interest and reports that, on average, the trench…
NEWS ROUNDUP — FMC writes down Beartrack
FMC Gold (NYSE) has written down the book value of the Beartrack gold project in Idaho. The gold producer recorded a 1993 fourth-quarter charge of about US$60 million, which includes an asset writedow…
PEOPLE — GIANT BAY RESOURCES
Lee Tiong-Hock appointed director.
Caribgold commences work on pair of Cuban projects
Exploration and sampling are under way on Caribgold Resources’ (CDN) Santa Clara and Sierra Maestra properties in Cuba. Numerous samples from various showings are being processed and a drill program t…
Final feasibility for Fachinal expected by May
By May, Coeur d’Alene Mines (NYSE) expects to have a final feasibility study in hand for its Fachinal gold-silver project in southern Chile. The company bought Fachinal and six other Chilean precious …
Valdez acquires more Mexican claims (January 17, 1994)
Minera Valdez Gold S.A. de C.V., a wholly owned subsidiary of Valdez Gold (ASE), has staked additional ground in Sonora state, Mexico. The 177-sq.-mile property, known as Marisa, adjoins the company’s…
Sudbury Contact
Sudbury Contact Mines (TSE) and Agnico-Eagle Mines (TSE) have reached a flow-through private placement agreement. By issuing 533,333 shares, Sudbury Contact will receive aggregate proceeds of $2 milli…
Carson boosts Kilometre 88 ground
In return for cash, shares and reserve payments, Carson Gold (VSE) can acquire the Lote Delta and Nueva Alaska gold concessions in the Kilometre 88 region of Venezuela. The 5,000-acre Lote Delta groun…
NEWS ROUNDUP — Aquamin lands Peruvian ground
In the coastal gold belt of Peru, Aquamin Resources (VSE) is set to increase its holdings to more than 25,000 hectares. The Peruvian government is expected to approve recent applications for 16 claims…
Golden Rule and Manson Creek restructure 1-m-unit financing
A previously announced financing deal between Manson Creek Resources (TSE) and Golden Rule Resources (TSE) has been restructured. Under the current deal, Golden Rule will subscribe to one million unit…