Lyon Lake tests zone extension
Surface sampling and drilling demonstrate that the gold-bearing zone of the Beta Vargas deposit in Costa Rica is open to the east and at depth. Lyon Lake Mines (ME) has completed 17 reverse circulatio…
News
ODDS’N’SODS — A man `over the range’
(The following story is characteristic of the life and death of many placer miners in early years. The individual described, Stumpy Wicks, worked on the Coeur d’Alene River, in Idaho.) Stumpy Wicks wa…
Wheaton sells Ketza River gold property to YGC
Junior gold miner Wheaton River Minerals (TSE) has sold its Ketza River property, near Ross River, Y.T., to YGC Resources (VSE). In return, Wheaton will receive three million YGC shares, giving it a 4…
T&H report on exploration
T&H Resources (TSE) says its Damoti Lake property in the Northwest Territories has been brought to lease. Limited sampling on the shore of Damoti Lake proved disappointing. However, geophysical work a…
Kasperske Hory drilling under way
Drilling is under way at the Kasperske Hory gold project, 80 miles southwest of Prague in the Czech Republic. Two Vancouver-listed partners — Paramount Ventures & Finance and Royalstar Resources — h…
EDITORIAL PAGE — Country risk
It wasn’t so many years ago that most Latin American countries were strictly beyond the pale for North American investors. Military dictators, political corruption and graft, popular uprisings and sus…
Int’l Gold offering raises $2.5 million
A newcomer to the Canadian Dealing Network, International Gold Resources, has completed a private placement of one million special warrants at $2.50 each. The company was formed from a merger between …
LETTER TO THE EDITOR — Uranium project decisions show
Just before Christmas last year, the Saskatchewan and federal governments jointly approved two important uranium development projects in northern Saskatchewan, the Dominique-Janine extension and a new…
Three companies planning merger
Three Vancouver-listed juniors headed by Albert Applegath plan to merge this spring. The proposal calls for Tundra Gold Mines, Oneida Resources and Golden Pond Resources to form a new company, T.G.O. …
Placer’s Willson speaking at CIM
The buzzword “globalization” will figure prominently in the speech of Placer Dome President John Willson when he addresses the Jan. 20 dinner meeting (and Students’ Night) of the Toronto branch of the…
OSC seeks power to make own rules
The Ontario Securities Commission (OSC) has recommended to a provincial task force that it be granted rule-making powers, although any new regulation could still be vetoed by the Ontario government. T…
Goldbrook affiliate options gold bet
The Garden Lake gold property north of Thunder Bay, Ont., has been optioned by Weaver Lake Explorations. The 3,960-acre concession consists of eastern and western claim groups. The latter includes the…