Cons. Ramrod drills Atlanta gold play
As part of an option agreement to earn a 51% interest in the Atlanta gold property, Consolidated Ramrod Gold (TSE) has spent US$1.5 million and drilled 24 underground and surface holes, totalling 5,84…
News
Molybdenum’s rise spurs interest in Nevada property
The rise in the price of molybdenum to more than US$15 per lb. from the US$3 level is prompting Eureka Resources (VSE) to re-examine its Mindora property in southwestern Nevada. Following a drop in th…
Labrador play attracts interest
Several junior companies are planning exploration programs on ground acquired or staked near Diamond Fields’ (TSE) Voisey Bay nickel-copper-cobalt discovery in Labrador. ASE-listed Takla Star Resource…
Sudbury Contact Mines going underground at Victoria Creek
Having drilled 52 holes totalling 85,000 ft., Sudbury Contact Mines (TSE) will carry out more surface drilling and then begin underground exploration on its Victoria Creek gold deposit near Kirkland L…
Busy season for Cambiex
For the first 11 months in 1994, Cambiex Exploration (ME) spent more than $4.4 million exploring most of its 17 properties in Canada, the U.S. and South America. Several of the programs yielded encour…
Fortune Minerals reports more copper-cobalt values
Additional sampling by Fortune Minerals (CDN) on its NICO polymetallic property near Yellowknife, N.W.T., has yielded encouraging results. While staking additional ground, Fortune collected chip sampl…
TNK, Goldbrook to drill Onaman River property
A 7,000-ft. diamond drill program is to begin shortly on Goldbrook Explorations’ (ASE) Onaman River base metal property near Jellicoe, Ont. Goldbrook will be project operator, while TNK Resources (CDN…
Fairstar, Nora acquire Benso
Reconnaissance work has led Montreal-listed partners Fairstar Explorations and Nora Exploration to acquire the Benso concession in south-central Ghana. The 58-sq.-mile property, which contains several…
Aquaterre seeks funding for its projects in B.C.
Provided funding can be arranged, Aquaterre Mineral Development (VSE) plans to spend $1.8 million on its properties near Stewart, B.C., in 1995. The bulk of the funds are earmarked for the Georgia Riv…
NEWS IN BRIEF (January 16, 1995)
Cream Silver Mines (CEM:VSE) has changed its name to Cream Minerals (CMA:VSE) on a 1-new-for-5-old-share basis.
NEWS ROUNDUP — USMX extends program
A stock repurchase program in which up to 300,000 common shares of USMX (NYSE) were to be acquired has been extended. The program was to have expired Dec. 31, 1994, but was extended until March 31, 19…
Mispec financing
Nova Scotia-based Mispec Resources (ME) has completed a private placement of 1.5 million units priced at 25 cents each. Maximum proceeds of $375,000 will be used to finance winter drilling on the Cape…