Merger between Hendricks and Everdeen approved
The proposed merger of privately owned Hendricks Minerals Canada and inactive Everdeen Resources has been approved. The new company, which will retain the name “Hendricks Minerals Canada,” will trade …
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Aurizon funds La Esperanza
A private placement in La Esperanza Gold Explorations gives Aurizon Mines (VSE) added exposure to Mexico. The placement includes 200,000 shares at 50 cents and represents an initial 28% interest in th…
STOCK MARKETS — Golden Unicorn tops trading on western
Selling on western markets let up somewhat over the week ended April 26, with the Vancouver Stock Exchange composite index slipping 13.67 points to 1,080.08. The resource index fared worse, posting a …
Gold and the International Monetary Fund
The International Monetary Fund (IMF) is the second-largest holder of gold in the world. From 1944 to 1978, gold was the unit of account and the central reserve asset of the international financial sy…
Canyon free to put Briggs in production
Having consulted with Congress on the proposed California Desert Wilderness Bill, Canyon Resources (NASDAQ) can now proceed with development of its Briggs gold project. It has been determined that the…
Getty expands copper holdings
Getty Copper (VSE) is expanding its property holdings in Highland Valley near Kamloops, B.C. Under an agreement with Robak Industries, the company will earn a half interest in four concessions: Getty …
Despite strike, Porgera producing
Gold production is continuing at the Porgera mine in Papua New Guinea (PNG), despite a strike by members of the Porgera Mining and Allied Workers Union. The dispute, over wage and other employment ben…
NovaGold negotiates for 3 concessions
Negotiations allowing NovaGold Resources (TSE) to acquire three Venezuelan mineral concessions are entering the final stages. The concessions — Halifax 1, 2 and 3 — comprise 8,894 acres in the Kilom…
Golden Kristy forms venture in Vietnam
An extended agreement has been reached between Golden Kristy Resources (VSE) and a company owned by the Vietnam Defence Ministry. The two have agreed to form a new company to explore regions in Vietna…
Pangea options more ground near Musselwhite
CDN-listed Pangea Goldfields has acquired rights to a second property contiguous with Placer Dome’s (TSE) Musselwhite gold property in northwestern Ontario. In addition to the 55 claims north of Musse…
Lenora concludes private placement
Junior Greater Lenora Resources (TSE) has completed a private placement of 2.9 million special warrants valued at $2.55 each for gross proceeds of more than $6.5 million. Each special warrant allows t…
Chesbar, VenCan intensify exploration
Exploration work is intensifying on La Salle, a gold property in Venezuela. Having already trenched one anomaly, partners Chesbar Resources (ME) and VenCan Gold (ME) have announced results from trench…