Inter-Rock drills Daisy gold project
To increase reserves, Inter-Rock Gold (ME) is drilling on the Daisy gold project in southern Nevada. The 20-hole reverse circulation program will total 11,000 ft. The cost will be US$300,000. The comp…
News
Fairfield completes bulk sampling
Based on underground test mining at its Siwash North gold project near Merritt, B.C., Fairfield Minerals (TSE) estimates mining costs will be less than US$150 per oz. A 230-ton bulk sample mined from …
TORONTO STOCK EXCHANGE INDICES (December 13, 1993)
— Week — Dec 7 Dec 6 Dec 3 Dec 2 Dec 1 High Low Composite “300”4265.48 4235.99 4239.36 4226.32 4220.37 4266.01 4218.31 Metals & Mnrls 3434.12 3298.70 3280.84 3291.72 3290.08 3435.21 3270.93 Integrat…
OBITUARY — Robert Stevenson
Geological engineer Robert Stevenson has died suddenly in Vancouver. He was 67. A native of Hamilton, Ont., he graduated in 1952 from the University of Toronto with a BASc. degree in mining geology. H…
Ram claims record for raise
A member of the J.S. Redpath group of companies, Ram Raising, is claiming a world record for the longest Working at the Detour gold mine of Placer Dome near Timmins, Ont., Ram says it excavated a rais…
Goldbelt provides review extension
Pegasus Gold (TSE) has been given a 3-month extension to complete a due diligence review of its proposed alliance with Goldbelt Resources (VSE). In mid-September, it was announced Pegasus would inject…
NO HEADLINE (December 13, 1993)
Gagan Gold (GGG:VSE) has changed its name to Cachet Enterprises (CED:VSE) on a 1-new-for-3-old-share basis.
Sudbury Contact intersects gold
Exploration in Canada is both a strange and exciting business. Proof of this statement can be seen from the results of a program released by Sudbury Contact Mines (TSE) on property north of Kirkland L…
Chase option deal on T’Boli property
Under an option agreement, Chase Resource (TSE) can acquire an interest in the T’Boli gold exploration project on the Philippine island of Mindanao. Chase can acquire up to a 75% interest in Lemura Mi…
FACTS & FIGURES — New Mexico’s Mogollon district site of
The Mogollon mining district in southwestern New Mexico is one of those mining areas that always seems to be on the verge of a rebirth. Between 1885 and 1944, the district produced 2.1 million tons of…
New Teddy Bear program under way
Drills are turning on ground 1 km west of the Lightning zone in northeastern Ontario. The property is 40%-owned by Teddy Bear Valley Mines (CDN), 36% by Hemlo Gold Mines (TSE) and 24% by Freewest Reso…
STOCK MARKETS — Seniors seem indifferent to gold’s strength
Gold bullion closed strongly again this week, rising to US$377.15 per oz. Most of the senior gold shares, however, responded weakly. The exception was Franco Nevada. It gained $4.25 to close at $93 by…