News

Golden trenches for Cathedral (December 06, 1993)

Trenching on the Kaburi-Eldorado project in Guyana has returned gold values over widths up to 66 ft. grading 0.14 oz. gold per ton. Cathedral Gold (TSE) can earn up to a 90% interest in the property, …


LAST BUT NOT LEAST — Caribgold nets $4.1 million

Caribgold Resources (CDN) has completed a placement of 2.5 million units to a group of European investors. Each unit consists of one common share and half a warrant at $1.65 per unit. Each whole warra…






Great Lakes buys into Grouse Creek

A preliminary prospectus for an offering worth up to $35 million has been filed by Great Lakes Minerals (TSE). The company will use US$6.8 million to buy a 20% undivided interest in the Grouse Creek g…


NEWS ROUNDUP — Gossan testing iron-titanium play

Gossan Resources (VSE) has signed an agreement with Cross Lake Mineral Exploration to explore an ilmenite-vanadium-iron property in northern Manitoba. Mineralization in the Pipestone-Cross Lake area o…


Production continues at revitalized Dona Lake

Since operations resumed in August, the Dona Lake mine has produced 5,773 oz. gold. November marks the beginning of full production for the operation, near Pickle Lake, Ont. A monthly rate of 3,000 oz…


EDITORIAL PAGE — They care!

The recent findings of a Decima Research poll into the attitudes of Canadians towards mining come as a pleasant surprise. Considering what politicians, in the various legislatures of the land have bee…


Ruby gold mine ups production

Increased production is expected from the Ruby mine, a placer-gold deposit in Grass Valley, Calif. So far, about 47 tons ore averaging just over 0.2 oz. gold per ton have been produced from two new ar…


USMX encouraged by latest Dewey results

Drill results from the Dewey property in Idaho’s Thunder Mountain district continue to impress USMX. The NASDAQ-listed company optioned the property earlier this year and can buy it outright for US$5 …


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