Harmony to benefit from merger
To simplify management of the Harmony Gold project in the Queen Charlotte Islands of British Columbia, the two joint owners plan to merge.Misty Mountain Gold (TSE) will issue 4.25 shares for each shar…
News
Drills turning at Butte Highlands
A 2,000-ft. program of deep drilling is under way on the Butte Highlands gold skarn project in Montana.Asarco (NYSE) plans to drill six to seven holes to test the depth extension of the Nevin Hill zon…
Royal Oak buys Ronnoco Gold
Looking to add to gold reserves at its Pamour operation in the Timmins district of Ontario, Royal Oak Mines (TSE) has acquired a controlling position in Ronnoco Gold Mines, which holds three claim blo…
Viceroy, MK at odds over mining plan
The Castle Mountain gold mine in San Bernardino Cty., Calif,, continues to pump out cash for Viceroy Resources (TSE) and MK Gold (NASDAQ), which own 75% and 25% respectively.Cash flow for the three mo…
Labrador News Roundup — CanAlaska turns up sulphides
Joint-venture partners CanAlaska Resources (VSE), International FreeGold Mineral Development (VSE) and First Labrador Ventures (VSE) have located massive sulphide mineralization on their ground 35 km …
Work continues at OPAP pipe
Ontario’s prospecting community is hoping that the government axe will not fall on programs that fund grassroots work in northern regions of the province.”These grants have the potential to lead to ex…
Labrador News Roundup — Viscount, Magna find gossans
Prospecting crews at the Tasisuak Lake property of Consolidated Viscount Resources (VSE) and Consolidated Magna Ventures (VSE) have discovered several gossans near the location of a magnetic anomaly a…
PEOPLE — REPUBLIC GOLDFIELDS (August 14, 1995)
Michael De Rosa appointed chairman; Jack Belton appointed president; Uldis Abolins appointed vice-president.
Metals Commentary — Stronger metals prices expected
The summer holiday period is traditionally a time to reflect on the events of the first half of the year and assess metal demand and supply, yet this is not a traditional summer.Most metal markets con…
Formation plans Idaho drilling
Drilling is planned for the Sunshine project in Lemhi Cty., Idaho.Formation Capital (TSE), which holds an option to earn a 100% interest in the property, plans to drill 30,000 ft. The 60-hole program …
LaRonde adds oomph to Agnico’s earnings
A strong performance by the LaRonde mine near Val d’Or, Que., enabled Agnico-Eagle (TSE) to boost second-quarter earnings by 75%.For the quarter ended June 30, Agnico earned $6.3 million (or 17 cents …
World Wide OKs Chinese connection
Shareholders of World Wide Minerals (TSE) have unanimously approved the company’s acquisition of Targa International’s 55% interest in the Baoziwan and Dawuyao gold exploration joint ventures in China…