Swannell options eight properties
A $400,000 program is being planned by Swannell Minerals (VSE) for eight British Columbia properties considered prospective for porphyry copper-gold mineralization. The properties total 50,635 acres a…
News
Omega sues Ecstall
A legal dispute between Omega Gold (VSE) and Ecstall Mining (VSE) is threatening to stall work programs planned for a number of mineral properties in northwestern British Columbia. Omega initiated the…
U.S.REPORT NEWS IN BRIEF Expansion drilling at Fort Knox
The first hole drilled this year at the Fort Knox gold property near Fairbanks, Alaska, averaged 0.089 oz. gold per ton over its entire length from zero to 820 ft. Fort Knox is an advanced, bulk tonn…
Sherritt plant near capacity
Nickel processor Sherritt Gordon (TSE) recently reported that it expects its refinery at Fort Saskatchewan, Alta., will operate at better than 90% of capacity for the remainder of 1991. In its first-q…
U.S.REPORT NEWS IN BRIEF Placer drills Jualin gold bet
A drill program by Placer Dome (TSE) has started on the Jualin gold project near Juneau, Alaska. The major may earn a 50% interest in the project from current 60/40 owners International Curator Reso…
U.S.REPORT NEWS IN BRIEF Rhodes drops Gold Basin
Murray Pezim, chairman of Consolidated Rhodes Resources (VSE), announced in early June that the company had terminated its option to earn a 50% interest in the Gold Basin gold property in Arizona. Rho…
Telbel, Agnico mines aging but LaRonde responding well
Two “good news” features manifesting themselves at the recent annual meeting of Agnico-Eagle Mines (TSE) should have a positive impact on the current year’s performance. The first was that Paul Penna…
Noble options Timmins-area bet
Noble Peak Resources (ASE) has signed a letter of intent to option 15 claims in Cunningham Twp., near Timmins, Ont. The Isaiah Creek property, part of the Swayze greenstone belt, contains a chert-ir…
Eden Roc secures loan from U.S.
Marshall Minerals (ASE) and its subsidiary, Eden Roc Mineral (ASE), have secured a substantial loan to finance development at the Ivory Coast heap leach project. Overseas Private Investment (OPIC), a…
Goldnev issues shares for debt
Two recent agreements allowed Goldnev Resources (VSE) to settle debt by issuing shares and thereby eliminate its short-term debt. Goldnev issued Prime Equities (VSE) 477,942 shares in return for the …
Akiko, Gold Fields execute agreement
A recently executed agreement allows Gold Fields Canadian Mining to earn 50% interests in various mineral properties held by Akiko-Lori Gold (VSE) and several associated companies in northwestern Brit…
Grade, location in Habsburg’s favor at Dome Mountain
With the signing of an option deal earlier this year, Habsburg Resources (VSE) hopes to have its Dome Mountain gold-silver property in production by September. The option agreement gives Timmins Nick…