Morgain completes private placement
A private placement of up to $3.96 million has been arranged to fund a prefeasibility study on the Cuatro Hermanos copper property in Mexico’s Sonora state, reports Morgain Minerals (VSE). The placeme…
News
Aur drilling for diamonds in N.W.T.
Drilling has begun on the McConnell diamond project, northeast of Yellowknife, N.W.T. The property, a joint venture among Aur Resources (TSE), Thunderwood Resources (TSE), Consolidated Abitibi Resourc…
Comstate arranges special warrant private placement
A private placement of 5.5 million special warrants at $1.05 each has been arranged by Comstate Resources (TSE). Each warrant will be exchangeable for one common share of Comstate at no additional cos…
Grouse Creek on-stream in late 1994 — Great Lakes buys slice
In a bit of a twist from the norm, junior company Great Lakes Minerals (TSE) has signed a deal with New York-listed Hecla Mining, a senior producer, to fund part of the development of Hecla’s Grouse C…
Wheaton looks to new gold reserves
Drilling on the Golden Bear property in northwestern British Columbia has returned gold intersections in two separate areas. The mine is wholly owned by North American Metals (VSE). Wheaton River Mine…
PEOPLE — HECLA MINING CO.
April Robertson appointed director of public relations.
EDITORIAL PAGE — The vicissitudes of nickel
In June, nickel prices were relatively steady at above US$2.40 per lb. That isn’t a price to provoke a Mike Sopko, the Inco chief, or Falconbridge’s Frank Pickard to break out the champagne. In fact, …
Placer Dome to develop Zaldivar
A Chilean company held equally by Placer Dome (TSE) and Outokumpu Copper Resources will build a solvent extraction-electrowinning plant at the Zaldivar project in Chile. Placer Dome says the plant, wh…
Ariel acquires three properties
Costa Rican gold producer Ariel Resources (VSE) has acquired three additional properties at the northern end of the Central American country’s Gold Belt. The properties, named Boston, Gongolona and An…
Caribgold begins trading
Shares of Caribgold Resources recently began trading on the Canadian Dealing Network (CDN). The company is headed by David Bell, a well-known consulting geologist and a key figure in the famous Hemlo …
Engineering under way at Minera’s Ivan project
Engineering, procurement and construction management for Minera Rayrock’s (TSE) Ivan copper project in Chile has been awarded to Kilborn. The Toronto-based engineering firm is working with Chilean cou…
NEWS ROUNDUP — New receiver for Faro assets
A new court-appointed interim receiver has been appointed for the Faro mine assets of Curragh (TSE) in the Yukon. Peat Marwick Thorne has replaced Deloitte and Touche, which was being partially funded…