PEOPLE — NORA EXPLORATION
Bernard Tourillon appointed executive vice-president and director; Pierre Danis appointed director.
News
NEWS IN BRIEF (December 26, 1994)
Wrightbar Mines (WRB:ME) has amalgamated with Charlim Explorations (CHO:VSE:ME) to form Lithos (LTS:ME). Wrightbar shareholders will receive one new for two old shares, and Charlim shareholders will r…
PEOPLE — MAR-WEST
Simon Ridgway appointed president and Richard Clark appointed director.
PEOPLE — NORANDA METALLURGY
David Goldman appointed president and chief executive officer.
CaribGold accelerates Cuban exploration program
Positive results from initial area examinations have prompted Caribgold Resources (TSE) to intensify its gold exploration efforts in Cuba. In the Laura sector of the Camaguey property, diamond drillin…
Galleon options Chilean project
An option agreement with a private company will allow Pacific Galleon Mining (VSE) to acquire the Raq-Apolo project in Chile. Galleon made the deal, under which it is committed to expenditures until t…
Thumbs down on Ashdown
High royalty and net profit payments on the Ashdown gold property in Humboldt Cty., Nev., have led International Mahogany (TSE) to conclude the property is uneconomic. Subsequently, Mahogany has termi…
NEWS ROUNDUP — Aquiline options ground to Noranda
Mining giant Noranda (TSE) is demonstrating interest in three Mexican copper properties belonging to Aquiline Resources (VSE). The properties — La Reyna, La Vista and La Joya — are all in the southw…
NEWS ROUNDUP — Kennecott expands Trendline
The Trendline gold property in Nevada has been expanded by 1,300 acres, raising the total acreage to 3,200. Kennecott can earn a 65% interest in the property from Cathedral Gold (TSE) by spending at l…
NEWS ROUNDUP — Battle Mountain options Idaho ground
A joint-venture agreement enables Battle Mountain Gold (NYSE) to earn a 60% interest in the Morning Glory property from Formation Capital (VSE). The property is in east-central Idaho. To earn the inte…
NEWS ROUNDUP — Republic finds zone in Cuba
A previously unrecognized volcanic basin has been found on the Purial mineral concession in eastern Cuba. Republic Goldfields (VSE) reports that the basin measures 22 by 19 miles and hosts at least se…
NEWS ROUNDUP — Teddy completes private placement
Proceeds from a $6-million private placement will be used to help fund development of the Holloway gold project in northeastern Ontario. Teddy Bear Valley Mines (CDN) has a 15.35% interest in the proj…