News


IGR options Ghana concession

CDN-listed International Gold Resources (IGR) has entered an option agreement with Adjumadium Mining to acquire a 51% participating interest in a 50-sq.-mile concession in Ghana, West Africa. The agre…



Spot prices at a glance (February 07, 1994)

Week’s Price (US) Change Gold* $384.95 + $3.95 Silver* $ 5.28 + $0.20 Platinum* $392.00 + $11.40 Nickel** $ 2.68 + $0.09 Lead** $ 0.23 $0.00 Copper $ 0.86 + $0.03 Zinc $ 0.46 + $0.01 Courtesy of Scoti…


Geologists study Purcell Basin

Details have been made available of a geological symposium held in Whitefish, Mont. last summer. More than 100 geologists convened at the northwestern lake resort to share information on exploration o…


Drill results rejuvenate gold project

A 16,000-ft. drill program by Teck (TSE) is returning attention-grabbing gold values from the Thunder Lake West gold prospect near Dryden, Ont. The first infill hole intersected 0.89 oz. gold per ton …


NEWS ROUNDUP — MSV producing at Chibougamau

Toronto-listed MSV Resources has released production figures for the fourth quarter. The Montreal-based company produced 12,700 oz. gold and 3.5 million lb. copper from 126,726 tons of material. The c…


NEWS IN BRIEF (February 07, 1994)

Dencam Development (DNM:VSE) has changed its name to Consolidated Dencam Development (CMO: VSE) on a 1-new-for-2.5-old-share basis.



Financing (February 07, 1994)

Aurex Res. — 3.5 million units issuable upon the exercise of 3.5 million special wts, each unit consisting of one common sh and one non-transferable sh purchase wt @ $1 per special wt. Metall Mining …


NEWS ROUNDUP — Ramp driven at Dona Lake mine

At the Dona Lake gold mine, near Pickle Lake, Ont., Espalau (ME) has constructed a ramp for gaining access to the crown pillar. Since buying the mine last summer from Toronto-listed Placer Dome (throu…


Obituary — Janet Springer

A senior scientist with the Ontario Ministry of Northern Development and Mines (MNDM), Janet Springer died recently in an automobile accident near Sudbury. She was 57. A native of England, she spent h…


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