Cambior to acquire half of Gross Rosebel
Cambior (TSE) intends to acquire the half interest that Denver-based Golden Star Resources (TSE) holds in the Gross Rosebel gold project in Suriname.Since signing the option agreement in June 1994, Ca…
News
Columbia Yukon to begin drilling in Labrador
With $5 million in preliminary exploration work completed, Columbia Yukon Resources (ASE) is eager to begin drilling on 12 claim blocks in the Nain-Okak Inlet area of Labrador.Three of the claim block…
Pangea funds Fenn-Gib study
A private share placement will leave Pangea Goldfields (TSE) with $1.4 million to perform a feasibility study on the Fenn-Gib gold project, east of Matheson, Ont.Prefeasibility work by Kilborn Enginee…
STOCK MARKETS — Rising gold price adds oomph to Western markets
With gold prices on a run towards the US$400 mark, western markets surged ahead over the report period ended Jan. 9. The resource index advanced 43.66 points to close at 1,335.71, while the composite …
Minieres du Nord examines gold property north of Matagami, Que.
Results from grab and drill core samples taken by Exploration Carats from its 59-claim, Eastmain-7 property have caught the eye of Explorations Minieres du Nord (ME), leading to an option agreement.Th…
Viscount and Guardian jointly to aquire interest in Mexican gold-silver concession
Partners Consolidated Viscount Resources (VSE) and Guardian Enterprises (VSE) can jointly acquire a 31.85% interest in a 12,000-acre gold-silver concession in Mexico’s Durango state.Viscount and Guard…
Juniors form gold exploration venture
An agreement among several parties sets the stage for the formation of a company to explore the Bear claim group in Telkwa Pass, 45 km southwest of Smithers, B.C.Alberta-listed MRC Technologies will j…
Verdstone, Stirrup to drill in Nevada
Joint-venture partners Verdstone Gold (VSE) and Stirrup Creek Gold (VSE) will spend US$300,000 exploring the Victorine mine property, southwest of Austin, Nev.Surface and underground drilling will beg…
Positive feasibility in hand for Mineral Ridge project
With a positive feasibility study in hand, management of Cornucopia Resources (TSE) is aiming to bring its Mineral Ridge gold project into production by the first quarter of 1997.The project is situat…
MK Gold bearish on Asian gold play
A property evaluation has prompted MK Gold (NASDAQ) to write off a portion of its investment in the Jerooy gold project in Kyrghyzstan.The company will record a charge for the quarter ended Dec. 31, 1…
American finds new gold zone in Uruguay
At the San Gregorio gold project in northern Uruguay, American Resource (NASDAQ) has encountered a new zone of mineralization.The structure was intercepted in the footwall of the San Gregorio shear zo…
Aurizon and Louvem start production at Beaufor gold mine near Val d’Or
The Beaufor mine, near Val d’Or, Que., has begun churning out the yellow metal.Equal partners Aurizon Mines (TSE) and Louvem Mines (TSE) commenced production in early January. The miners’ changeroom a…