Based on gold production from oxide reserves and potential production from new sulphide sources, Canadian investment firm ScotiaMcLeod recommends Eden Roc Minerals (TSE) as a speculative buy. The anal…
An option to earn a 60% interest in 18 claims adjoining ground where Murgor Resources (VSE) made a gold discovery has been acquired by Freewest Resources Canada (TSE). Freewest can earn the interest f…
Junior companies VenCan Gold (ME) and Chesbar Resources (ME) have signed an agreement relating to their gold exploration joint venture in Venezuela’s Bolivar state. The agreement, which is still subje…
Having completed its 1994 drilling program on the Marudi concession in southern Guyana, Sutton Resources (VSE) will next determine capital and operating costs for an open-pit mine. Two deposits, Marud…
A sodalite deposit in southern Greenland has drawn the interest of Highwood Resources (TSE). The junior has reached an agreement-in-principle with Mineral Development International A/S of Denmark for …
Montreal-based Canchrome Mines (ME) will use proceeds from a private placement to carry out drilling on the Turgeron gold property in northwestern Quebec. The $150,000 placement consisted of 375,000 f…
ITEC Mineral, a 67%-owned subsidiary of St. Genevieve Resources (ME), is raising funds to upgrade its Norebec-Manitou mill near Val d’Or, Que. Proceeds from a $5-million financing, consisting of 1.7 m…
In what is described as a “win-win” situation, the U.S. Forestry Service will allow a subsidiary of Kennecott to explore for and extract minerals from a parcel of land within the Tongass National Fore…
Shares of Australian-based Black Hill Minerals and Strategic Industry Investments will be exchanged for shares of Cliff Resources (TSE). Although the exchange ratios have not been determined, the dire…
The first hole drilled by partners Sharpe Energy and Resources (VSE) and Freewest Resources Canada (TSE) on their Horseshoe property in Wisconsin has yielded a significant base metal intersection. Hol…
Drilling of the western extension of the Big Gossan copper-gold deposit in Indonesia has returned high-grade values for Freeport-McMoRan Copper & Gold (NYSE). Situated 1 km from the company’s mill on …
A previously announced agreement involving the Bilpraw gold concession in central Ghana has closed. The deal allows Mutual Resources (VSE) to earn a 55% interest in the concession by paying $75,000 an…
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