Rift, Echo Bay bid on Ethiopian mine
The mining company owned by the Ethiopian government is being approached to sell its Legadembi open-pit gold mine in Sidamo province.A recent bid was placed jointly by Rift Resources (VSE) and Echo Ba…
News
MSV Res. offers shares for Cache
To accelerate development of the Corner Bay copper deposit, MSV Resources (ME) has offered to merge with Cache Explorations (ME) by exchanging one share of MSV for four of Cache.MSV says the merger wo…
STOCK MARKETS — Voisey Bay players still calling the shots
Investor interest in the Voisey Bay discovery has been adding excitement to western markets for almost six months. It’s not surprising, then, that much of the initial enthusiasm is beginning to fade.N…
Drilling at Petaquilla focuses on Valle Grande
Drilling at the Petaquilla property in Panama is testing the starter-pit potential of the Valle Grande zone.Adrian Resources (TSE) reports that classic porphyry-style mineralization begins at surface …
Index (August 21, 1995)
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Pentland Firth picks up Hoyle gold property
The estate of the late F.W. Schumacher (one of the great names in the early days of the Timmins gold camp) has agreed to option a quarter-section in Hoyle Township, Ont., to Pentland Firth Ventures (T…
Partners expand drilling program at Meliadine gold property in N.W.T.
Encouraged by drilling on their Meliadine property near Rankin Inlet, N.W.T., partners Cumberland Resources (VSE) and Comaplex Resources (TSE) are expanding the program by a further 3,300 ft.The work …
Int’l Gold banks on Bibiani deposit
A feasibility study on the Bibiani gold deposit in Ghana has concluded that the project is “robust and economically viable.”The deposit, owned 45% by International Gold Resources (TSE) and 55% by the …
Goldbrook options Onaman property
Alberta-listed Goldbrook Explorations plans to explore some newly optioned claims in northwestern Ontario.The South Onaman property comprises 51 claims on the southern boundary of Goldbrook’s 148-clai…
INSIDER TRADING — Teck brass granted options, sell shares
Four senior officers of Teck (TSE) recently exercised options and acquired Teck class B shares which they then sold.According to the Ontario Securities Commission’s OSC Bulletin, Gary Jones, senior of…
FACTS’N’FIGURES — Nevada dominated by gold
In 1994, Nevada produced an estimated US$3.2 billion in minerals (including petroleum and geothermal energy), which is 8% more than in 1993. Gold production in the state reached an all-time high last …
Permits issued for Briggs gold deposit
Colorado-based Canyon Resources (NASDAQ) has received all major permits for construction of the Briggs gold deposit in southeastern California.However, the company has received two appeals concerning …