News

NEWS ROUNDUP — Pacific Sentinel deals to Patriot

As part of a move to focus solely on its Casino copper-gold project in the southern Yukon, Pacific Sentinel Gold (VSE) has sold its other property interests to Patriot Resources. Patriot, a private co…



Brazilian natives killed in attack

The massacre early in August of about 75 native people in Brazil’s Amazon rain forest is being blamed on illegal miners. News reports say members of a band of Yanomami Indians in northern Brazil were …



Seabed volcano observed

Scientists have observed the beginning of a volcanic eruption on the bottom of the ocean off the coast of British Columbia. The research has implications for the mining industry because of what it may…


TSE Short Positions (August 30, 1993)

Semi-monthly reports as of Aug 15, showed 73,606,340 shares of 740 issues compared with 80,264,553 shares of 723 issues on Jul 31. Larger individual positions included: Aber 123,600; Amer. Barrick 143…


NEWS IN BRIEF (August 30, 1993)

New Lintex Minerals (NLN:VSE) and Willow Creek Coal have amalgamated to form Globaltex Industries (GTZ:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Mont…


New Island, Goldbar in Newfoundland bet

Drilling is to begin shortly on the Glover Island gold property in central Newfoundland. The 9,800-13,100-ft. program will primarily test the Lunch Pond South Extension zone where a hole drilled late …


Eldorado starts La Colorada program

A program aimed at expanding reserves and finding new deposits has begun on Mexico’s La Colorada project. Operator Eldorado (VSE) is earning a 70% interest in the 13-sq.-mile property from Campbell Re…


Feasibility study for McDonald project

A final feasibility study will examine the McDonald gold deposit near Lincoln, Mont. Canyon Resources (NASDAQ) has a 27.75% interest in the joint venture, which is operated by senior partner and major…


Gold intersected at Glen Auden’s bet

Encouraging gold values have been returned from three holes on Glen Auden Resources’ (CDN) Sewell-Reeve property, southwest of Timmins, Ont. The holes, drilled by Hemlo Gold Mines (TSE), cut a wide se…



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