Kookaburra Res. drops Chaucha
After receiving results of column testing of supergene ore from a copper prospect in Ecuador, Kookaburra Resources (TSE) decided to drop its option. It had the right to earn a half interest in the Cha…
News
Jordex expands Bolivian portfolio
Toronto-listed Jordex Resources has added substantially to its land position in Bolivia’s Precambrian Shield. The recent acquisition of the 4,431-hectare Paula Cecilia property brings to 45,000 hectar…
Production milestone for McLaughlin mine
New York-listed Homestake Mining plans to celebrate the pouring of the two-millionth ounce of gold from the McLaughlin mine at Lower Lake, Calif. The milestone was set Oct. 15, and will be commemorate…
Int’l Platinum (November 08, 1993)
Toronto-listed International Platinum (IP) has reached an agreement with New Ventures Development concerning an Arizona property. The agreement, subject to due diligence, will allow IP the right to ea…
NEWS ROUNDUP — Miramar buys Con mine
Having acquired the Con underground gold mine in Yellowknife, N.W.T., Miramar Mining (VSE) ranks as one of the 15 highest-producing gold miners in Canada. The company acquired the mine from Nerco Mine…
NEWS ROUNDUP — Musto increases grades at Argentine
International Musto Explorations (TSE) reports an increase in copper and gold grades at its porphyry deposit in northwestern Argentina. The announcement follows the re-analysis of 4,200 samples from t…
Rea reviews Bissett mining potential
With the gold market having picked up, Rea Gold (TSE) is assessing the former-producing Bissett property in Manitoba. Kilborn Western and Tonto Mining will assist in the pre-feasibility study, the foc…
Fairfield doubles production estimate
The Siwash North deposit is expected to produce 25,000 oz. gold in 1994, more than double the 12,000 oz. Fairfield Minerals (TSE) plans to recover from this year’s test mining. The bulk of these ounce…
Tintina buys rest of Yukon property
Tintina Mines has bought the remaining half interest in the Red Mountain molybdenum property from Amoco Canada Petroleum. The deposit, 50 miles northeast of Whitehorse, Y.T., is now wholly owned by th…
Waddy wins approval to bulk-sample Komis
Toronto-listed Waddy Lake Resources has won provincial approval to carry out bulk sampling at its Komis gold deposit in northern Saskatchewan. To establish vertical and lateral grade continuity, the c…
Freeport ponders Grasberg expansion
By year-end, Freeport-McMoRan Copper & Gold (NYSE) expects to decide whether or not to continue with mill expansion at its copper-gold mines in the Indonesian province of Irian Jaya (also known as Wes…
STOCK MARKETS — Trading volumes help VSE indexes gain
Despite a drop in bullion prices, the Vancouver Stock Exchange resource index climbed more than 31 points to close at 1,483.00 during the period ended Nov. 2. The composite index also gained ground, f…