Gold City hits copper-gold at Midway
Reverse circulation drilling at the Midway project in southern British Columbia has encountered copper and gold mineralization. Three holes drilled to test a 100-ft.-wide shear zone on the Ket 28 prop…
News
Treminco plans winter drilling in N.W.T.
Recent field programs by the Yellowknife Greenstone Belt Syndicate have indicated the potential for large, shear-hosted gold deposits on properties near Yellowknife, N.W.T. Treminco Resources (TSE) ha…
Gulf Int’l courts Tajiks for properties
The government of Tajikistan has given Gulf International Minerals (VSE) the exclusive right to any of the hardrock projects in the former Soviet republic. The agreement, signed by the country’s presi…
Placer Dome evaluation boosts potential of Venezuelan
A resource of 4.8 million oz. gold has been outlined by Placer Dome (TSE) within one of seven mineralized areas on its 70%-owned Las Cristinas property in Venezuela. The magnitude of this partial reso…
Noranda’s zinc output declines
Forecast zinc concentrate output this year from the mines of Noranda (TSE) has been reduced by more than was previously announced. A reduction of 90,000, rather than 70,000, tonnes is now expected. Th…
COMMENTARY — Canadian presence in Nevada
The University of Nevada in Reno recently dedicated Canada Hall, a student-designed dormitory. Built to meet the needs of students in the 21st century, it is the first new dorm built in northern Nevad…
MVP Capital sells Valdez block
Toronto-listed MVP Capital Corp. has sold its 93.7% interest in Valdez Gold (ASE) to an investor group for $160,000. This latest disposition by MVP follows on the heels of other transactions. For exam…
Toronto Stock Exchange Indices (September 27, 1993)
— Week — Sept 21 Sept 20 Sept 17 Sept 16 Sept 15 High Low Composite”300″ 3937.33 3952.80 3978.31 3988.06 3967.89 3990.76 3947.79 Metals&Minerals 2824.52 2824.22 2881.87 2953.95 2960.12 2965.21 2787….
COUNTRY REPORT — The African nation of Zambia counts on its
Zambia is counting on its copper industry to remain a major source of foreign exchange and employment. The government of Frederick Chiluba says copper will continue to be the mainstay of the Zambian e…
Drilling permits for Matthews
Permits have been granted for a 10-hole program on the Matthews gold project, under option to Consolidated Ramrod Gold (TSE). The property lies within an area of gold-bearing reefs which are also host…
Petaquilla reserves expanded by drilling
Drilling on the Petaquilla property in Panama is steadily expanding reserves. Adrian Resources (VSE), manager of the exploration program, has a 20% indirect interest in the project and an option to ac…
LAST BUT NOT LEAST — Dolobec sale gets shareholder nod
Shareholders of Quebec dolomite producer Dolobec have approved the sale of their company to Dufresnoy, Societe d’exploration miniere (ME) for $1.1 million. Dufresnoy intends to finance the acquisition…