No mega-projects for Amazon basin
Brazil will stop huge development projects in the Amazon basin and turn instead to smaller-scale efforts which are less harmful to the environment, President Itamar Franco announced recently. Franco’s…
News
Nymex enjoys a banner year
Metals futures trading in 1993 on the New York Mercantile Exchange (Nymex) jumped 19% over 1992 activity. The majority of those trades involved platinum futures (up 13%). The number of palladium futur…
PEOPLE — WILANOUR RESOURCES
Michael Werner appointed president and director.
PEOPLE — MIDAS MINERALS
Charles McMillan appointed director and chairman; John McKimm appointed president, chief executive officer and director.
Sampling at Keylock’s Slovak property yields gold
Favorable results have been obtained from preliminary exploration of Keylock Resources’ (ASE) gold property in the Slovak Republic. The program consisted of mapping, trenching, channel and chip sampli…
Thunderwood options Buchans
Thunderwood Resources (TSE) has optioned a property adjoining the past-producing Buchans base metal mine in west-central Newfoundland. The 279-claim property comprises 11,030 acres and covers the know…
Private placement for Shore Gold Fund
Saskatoon, Sask.-based Shore Gold Fund (ASE) has completed a private placement of 1.4 million shares at 25 cents each and issued an additional 483,549 shares at the same price. Proceeds will be used t…
Exploration stalls near Mt. Milligan
Exploration is winding down on properties near Placer Dome’s Mt. Milligan copper-gold deposit in central British Columbia. Noranda Exploration carried out a program on the Mitzi property in June and J…
New discovery at Petaquilla
Junior Adrian Resources (VSE) released assay results for eight holes drilled on its Petaquilla property before a break in field operations over the Christmas season. The Panamanian copper project is h…
THE DIAMOND PAGE — Record set for CSO rough diamond sales
Sales of rough diamonds through DeBeers’ Central Selling Organization (CSO) were 28% higher in 1993 than in the previous year, DeBeers reports. Sales for the year were US$4.4 billion compared with US$…
San Andreas advances Prairie Creek
San Andreas Resources (TSE) is preparing an updated reserve estimate for its Prairie Creek mine property, 300 miles west of Yellowknife, N.W.T. The company expects to release the information in Januar…
Lyon Lake tests zone extension
Surface sampling and drilling demonstrate that the gold-bearing zone of the Beta Vargas deposit in Costa Rica is open to the east and at depth. Lyon Lake Mines (ME) has completed 17 reverse circulatio…