Big Creek tests Cash property
Two diamond drill holes were recently completed by Big Creek Resources (VSE) at its 100% owned Cash property 70 miles from Carmacks in south-central Yukon. The property was previously explored in the …
News
Deak enters pair of ventures
Two joint ventures were recently entered into by Deak Resources (TSE), one with Kennecott Canada and the other with Outokumpu Mines of Toronto. The Kennecott deal covers contiguous properties (one own…
Minnova plans to drill Seneca property in B.C.
Toronto-based Minnova (TSE) plans to conduct further drilling on the Seneca property, 65 miles east of Vancouver, B.C. Minnova is earning a 51% interest in the property from International Curator (VSE…
Unlisted Trading — Mountain Beaver busy
Drilling at a massive sulphide deposit near Amos, Que., generated much investor interest in Mountain Beaver Resources. The company’s stock was in a low-high range of 40-62 cents and 212,850 shares cha…
Guyana explorers to merge
The boards of directors of South American Goldfields (TSE) and Golden Star Resources (TSE) have agreed in principle to merge the two companies. Both companies have gold and diamond exploration propert…
Big loss for Timmins Nickel
Poor recoveries and lower nickel prices battered Timmins Nickel (TSE) during the second quarter ended Nov. 30, leaving the company with a quarterly net loss of $2.73 million (15 cents per share). Sinc…
Australian firm joins hunt for Great Lakes diamonds hunt
A part owner of the world’s largest diamond producer, the Argyle mine in Western Australia, has acquired control of a diamond prospect on the Michigan-Wisconsin border. Melbourne-based Ashton Mining, …
Landowners attack, close mine
In an attack reminiscent of the still unresolved 3-year-old Bougainville copper mine conflict, disgruntled Papua New Guinea (PNG) landowners have brought the operations of another mine site in the Sou…
Curragh facing gap’ in Faro output
Curragh Resources (TSE) is facing the possibility of having to lay off at least some of the 400 miners employed at its Faro zinc-lead mine in the Yukon, unless it can come up with financing for develo…
Barrick, Newmont team up at Post
After failing to merge his company’s gold-producing assets with those of Newmont Gold (NYSE), American Barrick Resources (TSE) Chairman Peter Munk has gone ahead and done the next best thing. Just six…
New formations uncovered at Eden Roc gold project (February 10, 1992)
New gold-bearing formations at eight locations have been encountered by Eden Roc Mineral (ASE) at its Cote d’Ivoire property in West Africa, the company says. Material from widely spaced reconnaissanc…
Galico, Noront strike deal for Hurdman exploration
Vancouver-based Galico Resources (VSE) and Noront Resources (VSE) have reached an agreement to finance further exploration on the Hurdman Twp. property, 45 miles northwest of Cochrane, Ont. To earn a …