TVX Gold eager to join million-ounce club
Management of TVX Gold (TSE) will use its “killer instinct” to produce more than 1 million oz. gold annually by 1998, Chairman Eike Batista told shareholders at the annual meeting in Toronto.”We shoul…
Articles by Northern Miner Staff
Musto backs Rio/North offer
A takeover bid of International Musto Explorations (TSE) by Rio Algom (TSE) and North Ltd. of Australia has the support of Musto’s board of directors.RN Galaxy, a company formed by Rio and North, offe…
Eastmain plans drilling programs
Drill contracts have been submitted for tender, and surface gridding is expected to begin soon at the Kidd project of Eastmain Resources (CDN) in Timmins, Ont.The junior was recently awarded a $26,000…
No Headline (May 15, 1995)
Under an agreement with the transitional government of Ethiopia, Golden Star Resources (TSE) has been granted exploration leases in the East African nation.The 90 licences constitute what is known as …
Fortune options NICO property
An option agreement with Fortune Minerals (CDN) will allow a private company to earn a 20% interest in the NICO group of claims in the Mazenod Lake area of the Northwest Territories.To do so, the priv…
NEWS IN BRIEF (May 08, 1995)
Broadlands Resources (BOD:VSE) and Shorewood Exploration (SWX:VSE) have amalgamated to form International Broadlands Resources (IBR:VSE). Broadlands and Shorewood shareholders received one new share f…
New CaribGold showing in Cuba
Surface work at the Sierra Maestra Oriental gold concession in eastern Cuba has uncovered a new discovery, CaribGold Resources (TSE) reports.Mapping and airborne geophysics, along with rock sampling, …
Verdstone, Amcorp land moly property
Partners Amcorp Industries (VSE) and Verdstone Gold (VSE) are acquiring a molybdenum project in British Columbia in return for $5,000 plus 100,000 shares each.The companies are conducting additional s…
Crystallex sweetens Eurus deal
An amendment to the previously announced merger of Eurus Resource (VSE) and Crystallex International (VSE) sweetens the pot for Eurus shareholders.They will now receive one share and one warrant of Cr…
Western Copper, Thermal to merge
An amalgamation of Western Copper Holdings (TSE) and Thermal Exploration (ASE) is in the works.The merger is intended to facilitate development and financing of the jointly owned Carmacks copper proje…
Echo Bay, Canarc join forces to explore Guyanese project
Gold producer Echo Bay Mines (TSE) has acquired a 10.5% stake in Canarc Resources (TSE) and chosen the Baramita gold property in Guyana for further exploration.The senior acquired the interest by purc…
Lenora tests gravity process
Bulk-testing of material from the Box and Athona deposits at the Goldfields gold project in northern Saskatchewan is complete, Greater Lenora Resources (TSE) reports.Preliminary analysis of the gravit…