Adrian boosts reserve estimates at Petaquilla
Initial step-out drilling at the Petaquilla property in Panama has increased preliminary reserve estimates to more than one billion tons. Adrian Resources (VSE) is drilling under an option to earn up …
News
NEWS ROUNDUP — Waseco negotiates production deal
Oakville, Ont.-based Waseco Resources (CDN) and Nevada company Carson River Gold are negotiating the sale of 50,000 tons of placer gold material from Carson’s leased Lyon Cty., Nev., property to Wasec…
Water quality test drilling uncovers Huckleberry zone
Drilling for a water quality monitoring well in the area of a proposed tailings dam at the Huckleberry project near Kemano, B.C., has intersected a zone of high-grade copper. New Canamin Resources (VS…
VSE Rights & Warrants
Adrian Res. – 2 wts buy sh @ $1.00 to Feb 22/94. Alpha Gold – 2 wts buy sh @ 62} to Sept 24/93. American Reserve M’g – Wt buys sh @ $2.25 to Feb 28/94. Azco Mining WT.L – 2 wts buy sh @ $3.50 to Apr 7…
Etruscan revives Hackett River
A recent agreement with Cominco (TSE) allows Etruscan Enterprises (VSE) to further explore the Hackett River base metal property, 200 km east of Minnova’s (Metall Mining) Izok Lake base metal deposit …
Cheni drops J&L property
After funding about $4.2 million on exploration and metallurgical work since 1990, Cheni Gold Mines (TSE) has decided to drop its option to acquire a 60% interest in the J&L polymetallic property, nea…
Claim staking intensifies around Goose Lake find
Staking is intensifying in the Back River area of the Northwest Territories, where Homestake Mining (TSE) is said to have made a significant gold discovery. Homestake declined comment on the Goose Lak…
Placer to drill Turquetil property
A drill program will begin in April on Placer Dome’s (TSE) Turquetil gold project, 130 miles southeast of Rankin Inlet, N.W.T. The drilling will test several new gold targets along the extension of th…
Joe Mann output declines in 1992
Copper and gold output at Campbell Resources’ (TSE) Joe Mann mine near Chibougamau, Que. declined by over 20% last year. In 1992, the mine produced 70,200 oz. gold and 1.2 million lb. of copper compar…
Open-pit strip ratios deceptive
Most depictions are more realistic in three dimensions than in two. The grade and tonnage figures of a newly discovered orebody may look like a bonanza but only by including the depth of the orebody b…
Breakwater raises Honduran funds
Breakwater Resources (TSE) has purchased the equivalent of US$9.2 million in Honduran sovereign debt at a substantial discount to face value. The company says it then exchanged the debt for Honduran c…
LATIN AMERICA SPECIAL — Brazil emerges from political
Just emerging from a political crisis that saw its president, Fernando Collor, resign under accusations of corruption, Brazil is now concentrating on controlling its rampant inflation rate. But Collor…