Euro-Nevada to finance development at Midas
Royalty company Euro-Nevada Mining (TSE) plans to raise between $52 million and $65 million to finance development of the Midas project in Nevada, in which it has a half interest.The company will issu…
News
Cuban project returns gold values
Drilling on the Golden Hill discovery in east-central Cuba has returned gold values in both oxide and sulphide material.Partners MacDonald Mines Exploration (ASE), Golden Hill Mining (CDN) and GeoMine…
Index (January 15, 1996)
DEPARTMENTSCareersClassified AdvertisingCommentaryDiamond DrillersDiamond NewsDividendsEditorialsMetal PricesObituaryOdds ‘n’ SodsPeopleProfessional DirectoryStock MarketsSubscriber ServiceThe Norther…
Champion to option ground in Ghana
Champion Resources (VSE) intends to enter into a joint-venture agreement with Toscana Resources (VSE), owner of the Tenapu and Gomes properties in Ghana.The deal is contingent on results of auger dril…
Meetings (January 15, 1996)
MEETINGSJan. 22, Banff Res. Jan. 22, Cons Bullion Reef Jan. 22, Int’l Focus Jan. 22, Montello Jan. 22, Premier Minerals Jan. 22, Remington Creek Jan. 23, Fort Point Jan. 23, Stina Jan. 23, Valerie Gol…
Rio Amarillo Mining drill-tests gold prospect in central Peru
A 400-metre program of diamond drilling is under way on the Aija gold prospect in central Peru.Rio Amarillo Mining (VSE) is drilling seven holes in an effort to test a geochemical anomaly. Spot sampli…
Altavista to drill Santa Anna
Having raised $500,000 through a private placement of 1 million shares, Altavista Mines (ME) is ready to begin drilling its Santa Anna gold property in northwestern Quebec.A 50-hole program of definit…
Procoloro confirms gold grades at Yurani project
Encouraging gold and silver values are contained in initial drill results from the Yurani project in Colombia.Procoloro Resources (ME) reports that seven holes have been drilled, and that assay result…
Rea Gold, American Res. propose corporate merger
By mid-May of this year, Rea Gold (TSE) and American Resource (NASDAQ) expect to merge into a single entity that would have minable gold reserves of about 1.7 million oz.Under the terms of a recent ag…
Juniors form gold exploration venture
An agreement among several parties sets the stage for the formation of a company to explore the Bear claim group in Telkwa Pass, 45 km southwest of Smithers, B.C.Alberta-listed MRC Technologies will j…
Verdstone, Stirrup to drill in Nevada
Joint-venture partners Verdstone Gold (VSE) and Stirrup Creek Gold (VSE) will spend US$300,000 exploring the Victorine mine property, southwest of Austin, Nev.Surface and underground drilling will beg…
Santa Fe to fund work on Radisson projects
A joint-venture agreement has been formed between the Canadian subsidiary of Santa Fe Pacific Gold (NYSE) and Radisson Mining Resources (ME) concerning three of the latter’s gold properties in northwe…