NEWS IN BRIEF (February 03, 1997)
Big Bear Oil & Gas (BIG-V) has changed its name to Renata Resources (RTA-V).
News
AFRICA SPECIAL — Orezone and Geomaque eye gold potential of Burkina Faso
Exploration by partners Orezone Resources (ORZ-M) and Geomaque Explorations (GEO-T) is well under way at the Intidougou gold property in southwestern Burkina Faso.Each of the companies holds a 37.5% i…
AFRICA SPECIAL — Auspex completes acquisition of Koulbaga permit in Niger
An exploration program, including drilling, will be carried out by Auspex Minerals (APJ-V) on the Koulbaga concession in Niger, West Africa.The company recently increased its interest in the gold conc…
AFRICA SPECIAL — Patrician to explore Ghanaian gold properties
Proceeds from a private placement by Patrician Gold Mines (PXX-A) will go towards exploration programs on the Goaso and Homasi gold properties in Ghana.The junior raised $400,000 through a deal in whi…
STOCK MARKETS — VSE snoozes through the week
The Vancouver Stock Exchange composite index remained flat over the report period ended Jan. 21, up just 3.98 points at 1,195. The resource index closed down 20.22 points to 2,244.53.Mar-West Resource…
Geomaque and Milagro settle merger dispute
Tussling juniors Geomaque Explorations (GEO-T) and Milagro Minerals have settled their differences and completed their merger.Geomaque had balked at merging until outstanding legal issues regarding th…
Holmer hits Cuban massive sulphides
Drilling by Holmer Gold Mines (HGM-A) at its San Fernando concession in central Cuba has confirmed the presence of a massive sulphide deposit.The Toronto-based company drilled three follow-up holes wi…
Costa Rica rethinks Bellavista ruling
Costa Rica’s ministry of environment and energy has annulled last year’s decision to reject an environmental impact statement (EIS) for the Bellavista gold project.Operator Minera Rayrock (MRN-T) will…
Cristobal in Peru
Cristobal Resources (CTV-M) has begun exploration at one of its 35 newly acquired properties in Peru. Sampling and geophysical surveys are under way at the Anita property near Barrick Gold’s (ABX-T) P…
PEOPLE — RDG MINERALS (January 27, 1997)
Peter Cooper appointed president and chief executive officer.
PEOPLE — PACIFIC VANGOLD (January 27, 1997)
Patrick Lawless appointed director.
Busang’s fate still uncertain
The Indonesian Ministry of Mines and Energy has sent a letter to Bre-X Minerals (BXM-T) and Barrick Gold (ABX-T) that reportedly gives the two companies one month to complete a development agreement f…