Blue Dog drilling comes up short
A recently completed 21-hole drilling program on the Blue Dog property returned disappointing results for owner Gold Canyon Resources (VSE). Previous work on the property, which is located in Washing…
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Terms outlined for merger
Shareholders of Tenajon Resources (VSE) and Royal Scot Resources (VSE) will be meeting in mid-July to vote on a proposal to amalgamate the two juniors. The share exchange ratio is on the basis of one…
Deak pegs earnings forecast on Virginiatown custom mill
After losing more than $4 million last year, Deak Resources (TSE) is shooting for net earnings of about 10 cents per share in 1991. President Gerry Cooper told shareholders at the recent annual meetin…
Cochenour fails feasibility based on current gold price
Operator TVX Gold (TSE) has advised Wilanour Resources (TSE) and Pronto Explorations (TSE) that it “would not be prudent” to bring the old Cochenour mine near Red Lake, Ont., back into production at c…
Blende returns wide intersection for Billiton, NDU
The first hole of this year’s drilling program on the Blende property in the Yukon returned an 87-metre intersection grading 1.6% lead, 2.6% zinc and 17.2 grams silver per tonne. The drilling is part…
Major firms big players on Newfoundland scene
Gold has lost its lustre for junior exploration companies on the Newfoundland mining scene, and base metals are rapidly becoming a play for only some of the bigger prospectors. About $12 million will…
Marlin vested in Hope claims
With the recent completion of a 2-hole drilling program on the Hope claims, Golden Marlin (VSE) has earned a 50% interest from Rayrock Yellowknife Resources (TSE). The property is near Yellowknife, N…
U.S.REPORT NEWS IN BRIEF Newmont begins Swan program
Exploration work has started on the Swan property under a joint venture between Newmont Exploration and Mountain West Resources (VSE). Newmont can earn a 50% interest in the property by spending a to…
U.S.REPORT Barrick, Newmont merger would represent new tier
If American Barrick Resources (TSE) and Newmont Mining (NYSE) proceed with plans to merge their North American assets into a single company, the amalgamation will automatically create a new class of g…
Pacific looks at Aussie bet
Pacific Metals (ASE), formerly Jerome Gold Mines, has entered into a letter of intent to purchase a 50% interest in the Wattle Gully gold mining project in Australia. Situated in the Chewton goldfiel…
QMA proposes “savings plan” for mine closures
The Quebec Mining Association (QMA) introduced its new “environmental evaluation” at its annual meeting staged here recently and also proposed a “savings plan” that would allow mine owners to plan fin…
Royal Oak, dissidents agree on merger terms
Recent discussions between management of Royal Oak Resources (TSE) and a group of dissident shareholders of the Pamour group has resulted in an agreement for a proposed amalgamation between the compan…