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St. Genevive to sell interests in affiliates

In order to reimburse three affiliated companies for some $21-million worth of “unauthorized borrowing,” St. Genevive Resources (DHB-Y) says it will sell its interests in at least four affiliates and …



Lyon Lake pours gold at Beta Vargas

Lyon Lake Mines (LLL-M) has joined the gold production ranks, pouring its first gold at the Beta Vargas mine in Costa Rica.The Montreal-based company reports that the average daily throughput at its w…


FORTUNE RES.

Don Hawe and Catherine Richards appointed directors.


Discovery at Bathurst

Junior Mountain Lake Resources (MOA-V) has discovered lead-zinc mineralization on its Maliseet Mountain property in the Bathurst base metal camp of New Brunswick.Hole 2 intersected 15.9 metres averagi…






Barrick to vie for massive Russian deposit?

Russia plans to sell its massive Sukhoi Log gold deposit, described as the largest in the world, early in 1998 in a bid to privatize the project.The tendering process is said to be dominated by two co…


Canabrava enlists partner for Ontario diamond hunt

Vancouver-based Paramount Ventures & Finance (PVF-V) and Canabrava Diamond (CNB-V) have formed the KAP joint venture, which has gathered up four northern Ontario properties that are believed to be pro…


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