The Mexican subsidiary of Britannia Gold (BGP-V) will option two concessions covering 1,050 acres in Mexico’s Oaxaca state.The acquisition is subject to a 3% net smelter return royalty and requires th…
Kennecott Exploration will option its 20-claim Table Mountain project in Nevada to Newhawk Gold Mines (NHG-T).Table Mountain lies 30 miles south of Winnemucca, between Newhawk’s Pronto Plata property …
With mapping and geophysical surveying under way at its Laguna del Alto gold-copper property in Chile, Normabec Mining Resources (NMB-M) is beginning to prepare for drilling.To fund the work, Normabec…
The Joe Mann mine, 40 miles south of here, has taken fortune’s buffets and rewards over its 40-year career. Now, under the management of Campbell Resources (CCH-T), it has enjoyed almost a decade of s…
Following consultation with Republic National Bank of New York and J.P.Morgan & Co., Bre-X Minerals (BXM-T) may be willing to sell part or all of its Busang deposit in Indonesia.Bre-X announced it wou…
Underground exploration has expanded reserves at the Francoeur gold mine in northwestern Quebec.Mine owner Richmont Mines (RIC-T) says the $1.05-million drifting and drilling program added 276,000 ton…
Pegasus Gold (PGU-T) has been rebuffed following its US$390-million proposal to merge with Vancouver-based Dayton Mining (DAY-T).Dayton management, which controls 20% of the company’s stock, supported…
Colleen Beaumier of Brampton, Ont., is a Liberal member of parliament and a member of the Standing Committee on Foreign Affairs and International Trade.She has written the following article at the req…
I want to correct a quote attributed to myself in the article “Goldcorp’s fortune tied to Red Lake mine” (T.N.M., Sept. 23/96).I did not say, “It’s not that earlier geologists were stupid or went to t…
Diamond explorer Mountain Province Mining (MPV-V) expects to raise up to $15 million through a private placement of just over 3 million special warrants priced at $4.90 each.A special warrant will be …
Using grease tables to process screened alluvial gravels from its claims in southwestern Wyoming, Guardian Enterprises (GUD-V) has recovered 40 diamonds with a total parcel weight of 2.3 carats.The st…
At the Blina alluvial diamond project in Western Australia, Kimberley Diamond (KDC-V) has recovered 14 diamonds weighing a total of 6.3 carats.The diamonds were taken from 9 tonnes of heavy concentrat…
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