Gencor buys into Eldorado and affiliate
As part of a plan to expand internationally, South-African based Gencor has invested US$150 million in Eldorado (TSE) and its exploration affiliate, HRC Development (VSE).In the equity-for-asset swap,…
News
Laramide, Gerle drill Pragedia
Drills are turning at the Pragedia project in Mexico’s Sonora state.Vancouver-listed partners Laramide Resources and Gerle Gold, which hold 50% and 32% interests, respectively, expect to complete 1,00…
Rea Gold brings San Antonio into the 1990s
One thing better than learning from your own setbacks is learning from other people’s. Rea Gold (TSE), now readying its Bissett project in eastern Manitoba for production, is taking history’s lessons …
Asquith and United Reef explore gold property in CAR
Partners United Reef (TSE) and Asquith Resources (CDN) will explore and develop the Roandji gold property in the Central African Republic.The 2,000-sq.-km property includes historic deposits that prod…
Meetings (February 12, 1996)
MEETINGSFeb. 19, Banner Feb. 19, Mispec Feb. 19, Navarre Feb. 20, Camphor Feb. 20, FMCI Precious Metals Feb. 20, Rankin Feb. 20, Royal Crest Feb. 20, Texas Star Feb. 20, Zim-Gold Feb. 21, Lucas Gold F…
Granduc Mining and Black Hawk consolidate BT JV
The Keystone joint venture has acquired the remaining interest in the Wasekwan Belt property, near its producing Burnt Timber mine, southeast of Lynn Lake, Man.Minority holders Trans America Industrie…
Altai adds to Asian portfolio
Altai Resources (TSE) has acquired a 40% working interest, plus a 10% net smelter return, on a nickel-cobalt property in the Philippines, and plans to carry out a feasibility study this year.The 17-sq…
Kinross closes new transactions
A group consisting of Nesbitt Burns, Midland Walwyn Capital, Scotia-McLeod, CIBC Wood Gundy, First Marathon Securities, Richardson Greenshields of Canada and Goepel Shields and partners has acquired 7…
Inter-Rock funds development at Daisy
Montreal-listed Inter-Rock Gold will raise $3.5 million to finance development at the Daisy gold project near Beatty, Nev.The funds will be raised by offering units, the price of which will be establi…
New zones found at Eskay
The newly discovered NEX and Hanging Wall zones at the Eskay Creek mine in northwestern British Columbia are estimated to contain a diluted geological resource of 227,000 tons grading 0.88 oz. gold an…
Rea Gold seeking another Mt. Hamilton
Rea Gold (TSE) is busy drilling at its Mt. Hamilton mine in eastern Nevada, and results are proving positive.The reverse-circulation program is testing the new Chester gold structure. Forty holes, tot…
Cyprus grabs Taurus by the horns
Now that metallurgical tests have confirmed its expectations for gold recovery, Cyprus Canada will proceed with the next phase of exploration at the Taurus project, near Cassiar, B.C.The company, a wh…