Barrick starts field programs
Exploration on nine Bolivian gold properties is about to begin now that a joint-venture agreement between Jordex Resources (TSE) and Barrick Gold (TSE) is complete.Barrick recently completed its due d…
News
Arequipa drilling in Peru
Exploration is set to begin on the Paron property in Peru.Owner Arequipa Resources (VSE) has been awaiting regulatory approval for a special warrant financing completed in January. The placement raise…
Nugget Pond gold project sold
The Nugget Pond gold property on Newfoundland’s Baie Verte peninsula has been purchased by Noveder (ME), which has, in turn, signed a joint-venture agreement with Richmont Mines (TSE) on the property….
First Dynasty Mines completes financing
Newly listed First Dynasty Mines (TSE) has raised US$6.2 million and issued 2 million special warrants (at US$3 per) to close its private placement.So far in 1995, the company has raised US$12.7 milli…
Miramar to develop Delita
A preliminary feasibility study on the Delita gold-silver project in Cuba is now complete.Miramar Mining (TSE) hired Davy International to conduct the study, which projects yearly output at 98,000 oz….
World Wide to explore Peggy property
A recent option agreement sets the stage for World Wide Minerals (TSE) to earn a 50% interest in the Peggy property from AG Armeno Mines & Minerals (VSE).Situated in south-central Ecuador, the Peggy p…
Reserves increased at Goldfields
Recent drilling has allowed Greater Lenora Resources (TSE) to increase its reserves in the Box pit area of the Goldfields project to 13 million tons grading 0.07 oz. gold per ton.The property is locat…
Index (June 12, 1995)
CareersClassified AdvertisingDiamond DrillersDiamond NewsDividendsEarnings ReportsEditorialsInsider TradingInvestment CommentaryLetters to the EditorMetal PricesOdds’n’SodsPeopleProfessional Directory…
Newmont opens heap-leaching JV in Uzbekistan
Standing atop the Muruntau pit in this former Soviet republic, the mind boggles at the immensity of the operation. Indeed, the excavation is on record as being the largest ever created for a mining op…
Aurex revises acquisition terms
Junior producer Aurex Resources (TSE) has restructured its agreement to acquire a 70% interest in Compania Minera San Esteban Primera.San Esteban owns and operates three producing copper-gold mines in…
Companies (June 12, 1995)
AberAdex MngAG ArmenoAgnico-EglAkiko GldAlmadenAmax GoldAmrcn BullnAmrcn ManorArequipaArielAsarcoAurexAurizonBarrick GldBema GoldBirim GldfldsBitechBruneauBrunswick M&SCaledoniaCamecoC…
Cominco ups Resources offer
Terms of the proposed take-over of Cominco Resources International (TSE) by its parent and 55.6% owner, Cominco (TSE), have been revised upward.Minority shareholders of Cominco Resources recently appr…