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…
News
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…
Normandy extends offer to include Newcrest Mining in merger plans
After spoiled attempts at a 4-way merger, Australian gold-producer Normandy Mining has extended an offer to include Newcrest Mining in its plans for a merger.Earlier in the year, Normandy attempted to…
Fancamp explores Gemsbok base-metal property in Botswana
Vancouver-listed Fancamp Resources has kicked off the first phase of its exploration program on the Gemsbok base-metal property in southwestern Botswana.The 1.6-million-acre, wholly owned property for…
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…
Index (April 15, 1996)
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Guyanor and Cambior drill Dorlin gold property in French Guiana
Toronto-listed partners Guyanor Ressources and Cambior have started drilling the Dorlin gold property in French Guiana.The companies are carrying out a 1,600-metre, small-diameter program to test the …