Gold’s slow climb to US$350 per oz. is providing a small measure of encouragement to juniors seeking to interest investors in exploration programs for the yellow metal. It wasn’t enough, however, to s…
Edmonton-based Golden Star Resources (TSE) recently locked up exploration funds for a number of South American properties through a private placement of 2.1 million special warrants at $2.85 each. The…
Shannon Energy (ASE) advises that it is not involved in a joint venture with Orapro Resources involving exploration for diamonds in Manitoba (T.N.M., July 13/92). Orapro, based in Regina, has been exp…
Gold producer Hemlo Gold Mines (TSE) has started exploring the Swansea property near Virginiatown, Ont., after signing a final option agreement with Northfield Minerals (ASE). Under the terms of the a…
Michael Callahan appointed director and chief financial officer.
Shares of American Reserve Mining (VSE) hit a new low of 8 cents recently after Placer Dome (TSE) agreed to pay $2.28 million cash for the junior’s 35% stake in the Paymaster gold mine project near Ti…
Ontario has approved more than $11-million worth of grants to exploration-related projects this year, announced Shelley Martel, minister of Northern Development and Mines. — The Ontario Prospectors A…
The company, part of Outokumpu group of Finland, recently received a feasibility study for the project from engineering firm Fluor Daniel Wright. The study estimates total reserves of 556 million tonn…
Recently listed Challenger Minerals (VSE) has been granted the right to earn a 100% interest in the Marshall Lake copper-zinc property 160 miles northeast of Thunder Bay, Ont. Aur Resources (TSE) will…
Soquem, the exploration arm of the Quebec government, is set to earn a 50% stake in Aurizon Mines’ (TSE) Bruneau Twp. gold property after closing an option agreement with Aurizon. Soquem can exercise …
Toronto-based Northgate Exploration (TSE) recently announced a plan to amend the terms of a $13.7-million 7% convertible subordinated debenture issue to allow for retraction on Aug. 28. Subject to reg…
A recent private placement by Laramide Resources (VSE) will provide funds for Atna Resources (VSE) to initiate joint exploration for gold-rich copper-zinc deposits in central California. Atna has been…
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