Minorca pitches plan to creditors
The owners of Minorca Resources (ME) are hoping to reach a settlement with creditors which will allow the company to expand its development plans for the Donalda gold mine near Rouyn-Noranda, Que. Min…
News
Loki Gold facing permitting delays
Red tape is tying up Loki Gold (TSE) as it endeavors to begin construction at the Brewery Creek open-pit project in the Yukon. The deposit hosts a diluted minable reserve of 16.7 million tonnes gradin…
Inco completes IP survey work
Drilling is under way at a gold-copper-zinc property in Quebec’s Casa Berardi Twp., Cross Lake Minerals (VSE) and East West Resource (VSE) report. The juniors say the exploration unit of Inco (TSE) co…
Orvana upgrades Central Inlier
Drilling on the Central Inlier property in Jamaica has returned significantly better gold grades than previous attempts. Orvana Minerals (TSE) drilled four test holes on the Bennet zone, using techniq…
Arequipa signs up Asarco
Junior explorer Arequipa Resources (VSE) has formed a joint venture with a major mining company. That company, Asarco (NYSE), can earn up to a 60% interest in nine newly formed Peruvian companies, eac…
Survey will clear boundary
An independent legal survey of the North 1 claim, owned by Ecstall Mining (VSE), will be carried out this summer. Measuring 300 by 2,000 ft., the property is in the vicinity of drilling being carried …
TSE SHORTS (April 17, 1995)
Semi-monthly reports as of Mar. 31, 1995 showed 242,778,008 shares of 777 issues compared with 228,987,690 shares of 784 issues on Mar. 15, 1995. Larger individual positions included: Aber Res. 50,200…
Companies drill in Cuba
A new area of base metal mineralization has been uncovered at the San Fernando project in central Cuba, Holmer Gold Mines (ASE) reports. The junior says hole 1, designed to test an anomaly north of th…
Paramount advances projects
Exploration programs are planned for the mineral projects of Paramount Ventures & Finance (VSE) in the Northwest Territories and Argentina. The junior holds varying interests in joint ventures compris…
Placer Dome to swallow Equity
Management of Placer Dome (TSE) is offering minority shareholders of Equity Silver Mines (TSE) 70 cents each for all the shares Placer does not already own. Placer already holds 58.8% of Equity’s outs…
Santa Elina eyes gold area
First explored by the Portuguese in the 17th century, the central Brazilian state of Goias boasts a mining history dominated by diamonds, chromium, nickel and titanium. Yet the area has not generally …
NEWS ROUNDUP — Brascade simplifies Westmin interest
Shareholders of Westmin Resources (TSE) will be asked to approve an amalgamation with Westmin Investments, a corporation which will be formed as a wholly owned subsidiary of Brascade Resources. Westmi…