International Gold updates reserves at Bibiani
Following the completion of a feasibility study at its Bibiani gold project in Ghana this summer, International Gold Resources (TSE) has completed an additional 100 drill holes and recalculated reserv…
News
First Dynasty eyes opportunity in south Indonesia
South of the Indonesian capital of Jakarta, First Dynasty Mines (TSE) is attempting to gain a stake in the Gunung Pongkor gold-silver mine.Towards this end, it has signed a memorandum of understanding…
Black Hawk finances Farley Lake
As production approaches at the Keystone gold project’s Farley Lake pit, 50%-owner Black Hawk Mining (TSE) has arranged financing for its share of the development cost.Black Hawk, which shares the pro…
Battle Mountain advances Aussie deposit
Delineation work is progressing at a high-grade, underground target at the Pajingo mine in Queensland, Australia.Battle Mountain Gold (NYSE) reports that its Vera deposit has the potential to contain …
Tasisuak Lake returns values
Drill results from the Tasisuak Lake property in Labrador have jostled the spirits of joint-venture partners Consolidated Magna Ventures (VSE) and Consolidated Viscount Resources (VSE).Tasisuak Lake l…
William eyes Aussie producer
Provided it succeeds in taking over Australian gold producer Valdora Minerals, William Resources (TSE) expects to be producing 200,000 oz. per year by 1999.The acquisition is subject to the completion…
Commentary — Grassroots exploration spending on the rise in British Columbia
In 1995, three types of deposits accounted for 82% of exploration expenditures in British Columbia. These include:* gold-enriched porphyry copper and porphyry-related gold deposits; * polymetallic mas…
Argosy drops Dunka Road prospect
Argosy Mining (VSE) has dropped its option on the Dunka Road copper-nickel deposit in Minnesota in favor of advancing its epithermal deposits in Central Europe.The company held an option to earn a 60%…
Partners expand near Musselwhite
The owners of the Musselwhite gold property have taken an option on adjacent properties owned by Pangea Goldfields (TSE).Placer Dome (TSE) and TVX Gold (TSE) can earn up to a 75% interest in Pangea’s …
Denison shareholders approve stock plan
Three special shareholder meetings in December, 1995, resulted in the approval of a new plan of arrangement for Denison Mines (TSE).The plan, which received near-unanimous approval, involves issuing n…
Deep drilling tests War Baby property
A deep-hole drill program is under way on the War Baby property in downtown Flin Flon, Man.Owner Consolidated Callinan Flin Flon Mines (VSE) is testing the premise that its strategically situated prop…
Coeur to acquire gold producer
Coeur d’Alene Mines (NYSE) recently acquired an option to earn a 20% interest in Australian-based Gasgoyne Gold Mines and is now planning to make a takeover bid for all that company’s issued shares.Am…