News



Esperanza to be explored in 1996

A major exploration program on the Esperanza gold property in Costa Rica will be carried out this year.Lyon Lake Mines (ME) reports that the program will cover all four of its concessions, which total…


Drilling starts at Nettogami Lake

A drill program by Leader Mining International (ASE) will test the mineral potential of the Nettogami Lake project in northern Ontario.A total of 18-20 holes are planned for the Nettogami Basin, which…


Echo Bay Mines to acquire half of Santa Elina

In the latest attempt by a major to expand its operations, Echo Bay Mines (TSE) will buy a half interest in Brazilian-oriented Santa Elina Gold (TSE).The New York City-based company is held 66% by Ser…


Granges arranges private placement

A recent agreement with several underwriters is expected to add funds to the treasury of Toronto-listed, intermediate gold producer Granges.The private placement agreement is for 7.7 special warrants …


Scorpion joins with Dundee-Palliser in Indonesia

Newly listed Scorpion Minerals (TSE), which recently merged with Dundee-Palliser Resources (TSE), will spend $6.9 million exploring five properties in Indonesia.The funds derive from proceeds generate…


Eldorado adds to Energold holdings

By purchasing 3.2 million shares of Energold Mining (VSE) in a private transaction, Eldorado (TSE) has boosted its stake in the company to 48.8% from 16.16%.In doing so, Eldorado is positioning itself…




Sulliden expands in Newfoundland

Exploration and development activity is picking up steam in Newfoundland’s Baie-Verte Peninsula. A Quebec-junior, Exploration Sulliden (ME), recently expanded its holdings in the region by acquiring a…


CICS closes sale of Cameco

Crown Investments Corporation of Saskatchewan (CICS) has, by way of a secondary offering, completed the sale of 9.5 million shares of Saskatoon-based uranium producer Cameco (TSE).The public now holds…


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