Durvada vends Nevada property
An agreement has been signed between Durvada Resources (ASE) and Crimson Star (VSE) to develop Durvada’s gold heap leach property in southwestern Nevada. Crimson Star can earn a 50% interest in the Ye…
News
Chile considers flow-through plan
A recent Canadian government report says at least six countries in South and Central America are making serious efforts to attract additional mineral exploration. For example, the report says, Chile h…
Encouraging results from Greenstone’s B.C. gold property
Joint venture partners Dragoon Resources (VSE) and Greenstone Resources (TSE) have intersected some encouraging gold values on their property 25 miles south of Cranbrook, B.C. The best intersections f…
Executive changes at Dickenson, Wharf
The chairman and chief executive officer of Dickenson Mines (TSE) and Wharf Resources (TSE) will become president of the two companies, Dec. 1. Robert McEwen, president of Goldcorp Investments, the co…
U.S. REPORT Court demands Mercur document
U.S. exploration company Gold Standard (NASDAQ) has successfully gained access to more documentation relating to the acquisition by American Barrick Resources (TSE) of the Mercur gold mine in Utah. A …
U.S. REPORT Fairbanks boosts Fort Knox reserves
The preliminary “resource” estimate at the Fort Knox gold deposit at Fairbanks, Alaska, has jumped 50% from what was indicated at the end of 1989, Fairbanks Gold (VSE) reports. At a cutoff grade of 0….
Equity sale keeps CoCa in black
Earnings reported by CoCa Mines (TSE) for the third quarter ended Sept. 30 declined to US$52,700 from earnings of US$255,000 in the third quarter of 1989. The sale of the company’s remaining position …
Marshall sees more reserves in Ivory Coast gold project
Marshall Minerals (ASE) says new drill results from a large concession on West Africa’s Ivory Coast have expanded the reserve potential on the project’s largest deposit by about 15%. The latest assays…
Toronto Stock Exchange Echo Bay issue suffers from market jitters,
When the going gets tough, trigger-happy investors tend to over- react to the slightest hint of bad news. That may explain the US$1.38 drop today, Nov. 21, in the price of Echo Bay Mines shares. The p…
Greyhound option
An option to earn a 65% interest in the Lynx gold property in northern Saskatchewan’s La Ronge greenstone belt has been acquired by Vancouver-based Greyhound Communications (VSE). The company, which p…
Greenstone, Boliden drilling Panama bet
A 128,000-ft. drilling program has started on the Santa Rosa gold property of Greenstone Resources (TSE) and Boliden International in central Panama. The joint venture is held 51% by Boliden and 49% b…
News In Brief (November 26, 1990)
Visible Gold Inc. (VIG:VSE) has changed its name to Lansing Enterprises Inc. (LEI:VSE) with a consolidation of capital on a 1- new-for-3-old-share basis. The transfer agent is National Trust.