Eldorado board rejects Glamis bid
After assessing the unsolicited takeover bid of Glamis Gold (TSE), the board of directors of Eldorado (TSE) has unanimously rejected the offer as being “inadequate and not in the best interests of Eld…
News
Teck to option Yamana property
Argentine explorer Yamana Resources (TSE) has granted Teck (TSE) the right to acquire up to a 60% interest in its gold project in the province of Santa Cruz.Yamana holds interests in 76 properties in …
Spot prices at a glance (July 03, 1995)
Wednesday, June 28Week’sPrice (US)ChangeGold*$389.30-$1.40Silver*$5.33-$0.16Platinum*$442.00-$0.75Nickel**$3.71+$0.20Lead**$0.28+$0.01Copper $1.38-$0.03Zinca$0.46+$0.01Cou…
Challenger to acquire ground in Burkina Faso
Cayman Islands-based Challenger Minerals (VSE) expects to be granted a licence covering a 400-sq.-km concession in Burkina Faso, West Africa.The Tafogo area lies between the Bouroum property of Channe…
Princess buys stake in Kazakh deposit
Vancouver-listed Princess Resources will pay US$70 million for all the shares of Consolidated Mines of Kazakhstan, which holds a 22.5% indirect interest in the Vasilkovskoye gold property in northern …
Hodgson and Elliott to head Ontario’s mining-related ministries
Newly elected Ontario Premier Michael Harris has sworn in his new cabinet, and, accordingly, the province’s mining industry has two Progressive Conservative ministers with whom to get acquainted.Chris…
Exploration incentive bonus spurs Troilus discovery team
To the dismay of major mining companies, talented geologists with vision and an entrepreneurial bent are often lured to the junior mining sector. This is because the potential for rewards, through dir…
Wheaton River bullish on Golden Bear results
Drilling on the Ursa zone at the Golden Bear mine property in northwestern British Columbia is returning impressive results for Wheaton River Minerals (TSE).The third hole (95-269) of this year’s prog…
Exall and Betchel ink deal
Betchel and Exall Resources (TSE) will carry out a feasibility study at the latter’s Santo Tomas copper-gold project in Mexico’s Sinaloa state.The deposit, currently estimated to contain 7.4 billion l…
Great Lakes to focus on Lluvia de Oro mine
Now that its proposed merger with Geomaque (TSE) has been derailed, Great Lakes Minerals (TSE) intends to focus on doubling its gold production by bringing into production the Lluvia de Oro project in…
ODDS’N’SODS — Canada, the sublime
From the Pacific to the Atlantic, from the 49th Parallel to the frozen Arctic — every inch of this vast country is precious, if only we took the time to contemplate its sublime and majestic terrain.L…
Science Council supports metrology
The Science Council of British Columbia is supporting the development of a third module in Matrix Consultants’ series on Metrology in Mining and Metallurgy.The software modules consist of a large set …