Bre-X may sell all or part of Busang
Following consultation with Republic National Bank of New York and J.P.Morgan & Co., Bre-X Minerals (BXM-T) may be willing to sell part or all of its Busang deposit in Indonesia.Bre-X announced it wou…
News
Richmont ups Francoeur reserves
Underground exploration has expanded reserves at the Francoeur gold mine in northwestern Quebec.Mine owner Richmont Mines (RIC-T) says the $1.05-million drifting and drilling program added 276,000 ton…
Caldera Resources encouraged by Abminga drilling
One hurdle has been cleared by Caldera Resources (CDR-M) in its program of anomaly investigation at the Abminga diamond exploration project in southern Australia,The company has been drilling magnetic…
Granges, Da Capo pool their resources
Vancouver-based Da Capo Resource (DCX-V) and Denver-based Granges (GXL-T) will amalgamate under the name Vista Gold.The boards of directors of both companies unanimously approved the agreement, which …
NEWS IN BRIEF — Montello eyes Alberta anomalies
Geochemical and ground magnetic surveys have identified nine potential kimberlite targets on the Troymin property near Hinton, Alta.The 215,000-acre property is held 50% by Montello Resources (MEO-A),…
NEWS ROUNDUP — Barrick drops Cerro Corona play
The Cerro Corona gold-copper project in Peru is no longer of interest to Barrick Gold (ABX-T).The major has decided not to proceed with development, citing its inability to establish a deposit of sati…
NEWS ROUNDUP — Greenstone takes all of La Libertad
Following its acquisition of the remaining interest in Nicaragua’s Libertad concessions, Toronto-based Greenstone Resources (GRE-T) now has full ownership of the projects it operates.In exchange for c…
NEWS ROUNDUP — EPA fines Cyprus for discharge
A subsidiary of Cyprus Amax Minerals (CYM-N) will pay a fine of US$760,000 for having discharged contaminated water from the Bagdad copper mine in central Arizona.Cyprus Bagdad Copper will pay US$285,…
Dayton Mining nixes merger with Pegasus Gold
Pegasus Gold (PGU-T) has been rebuffed following its US$390-million proposal to merge with Vancouver-based Dayton Mining (DAY-T).Dayton management, which controls 20% of the company’s stock, supported…
PEOPLE — ORO BELLE (October 07, 1996)
George Young appointed director, president and chief operating officer.
PEOPLE — MILL CITY
Lawrence Revitt appointed vice-president/general counsel and director.
PEOPLE — MEGASTAR VENTURES (October 07, 1996)
W. Swanson appointed director.