RTZ and CRA to proceed with merger
Shareholders of both RTZ (NYSE) and Australian-based mining giant CRA have voted in favor of merging the two companies under a unique arrangement whereby each will continue to trade separately.Both co…
News
First Dynasty eyes opportunity in south Indonesia
South of the Indonesian capital of Jakarta, First Dynasty Mines (TSE) is attempting to gain a stake in the Gunung Pongkor gold-silver mine.Towards this end, it has signed a memorandum of understanding…
Black Hawk finances Farley Lake
As production approaches at the Keystone gold project’s Farley Lake pit, 50%-owner Black Hawk Mining (TSE) has arranged financing for its share of the development cost.Black Hawk, which shares the pro…
Partners expand near Musselwhite
The owners of the Musselwhite gold property have taken an option on adjacent properties owned by Pangea Goldfields (TSE).Placer Dome (TSE) and TVX Gold (TSE) can earn up to a 75% interest in Pangea’s …
Denison shareholders approve stock plan
Three special shareholder meetings in December, 1995, resulted in the approval of a new plan of arrangement for Denison Mines (TSE).The plan, which received near-unanimous approval, involves issuing n…
Fairfield looks to expand Siwash
Having recalculated the resource at its Siwash property in southern British Columbia, Fairfield Minerals (TSE) is considering carrying out additional open-pit mining.The diluted, probable, open-pit re…
Kinross signs deals with several companies
Toronto-listed Kinross Gold has made several changes to its ownership positions in various companies.The gold producer has entered into an agreement with Imperial Metals (TSE) whereby it will purchase…
Queenstake starts work program on Latin American properties
Preliminary reconnaissance work is under way on the package of Latin American properties recently acquired by Queenstake Resources (TSE).Through the issue of common shares, the company acquired extens…
INSIDER TRADING — Great Lakes executives trade Santa Cruz shares
In November, Great Lakes Minerals (TSE) and two of that company’s executives traded shares, warrants and special warrants of Santa Cruz Gold (CDN).According to the Ontario Securities Commission’s OSC …
Ramrod forms JV at Damoti Lake
Consolidated Ramrod Gold (TSE) will sell a half interest in its Damoti Lake gold project, north of Yellowknife, N.W.T., to a California-based junior.In return, Canadian American Resource will pay US$1…
Cerro Cobre returns anomalous copper-gold
Geological mapping and sampling at the Cerro Cobre copper-gold porphyry prospect in Chile have returned anomalous values for partners Agate Bay Resources (VSE) and Demand Gold (VSE).Soil geochemical s…
Drilling under way at Dunkwa property
The first two diamond drill holes at the Dunkwa property in Ghana have been completed.Partners Birim Goldfields (CDN) and Hemlo Gold Mines (TSE) are looking to correlate their diamond drill results wi…