Cdn. Mining options Lynx Lake
An option agreement enables Canadian Mining Resources (ASE) to gain a stake in the Lynx Lake gold property held by Leeward Capital (VSE). Canadian can earn a 40% working interest by issuing 50,000 sha…
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Aronos options old Mexican mine
A deal has been signed enabling Aronos Multinational (CDN) to acquire three claims in Mexico’s Sonora state. The vendor will retain a 2% net smelter return royalty. The 448-hectare property, known as …
Atna vends Yukon ground to Westmin
Under a joint-venture agreement, Westmin Resources (TSE) can earn a 60% interest in the Foot, Pak and Toe properties in the Yukon. It can do so by spending $3 million and making certain cash payments …
Minefinders reports values from Sonoran gold property
A 160-lb. bulk sample collected from a structure on Minefinders’ (VSE) Lista Negra property in Mexico’s Sonora state has yielded significant silver values. The average grade of the sample was 8.6 oz. …
Int’l Larder drilling near Timmins
Not all junior companies have headed off to exotic foreign destinations to find their next gold discoveries. International Larder Minerals (CDN) is of the view that Canada’s historic gold mining camps…
Cream Minerals starts anew
With a one-for-five roll-back now behind it, Cream Minerals (VSE), formerly known as Cream Silver Mines, is ready to start anew. The company recently arranged a private placement of 400,000 units at 3…
NEWS ROUNDUP — Dakota drills Gilt Edge mine
Reverse-circulation drilling has wound down on Dakota Mining’s (TSE) Gilt Edge gold mine near Deadwood, S.D. The 9,475-ft. program was aimed at extending the Anchor Hill orebody. As of December, 1993,…
Mongolia Gold establishes Bumbat JV
A Mongolian state-controlled corporation is joining forces with Mongolian Gold Resources (VSE) to form the Bumbat joint venture. Its objective will be to explore for and develop gold projects. Mongoli…
NEWS ROUNDUP — Asarco, Coeur d’Alene form new company
Two New York-listed companies — Asarco and Coeur d’Alene Mines — have combined certain assets, thereby forming a new company. The new entity, known as Silver Valley Resources, holds the fully develo…
NEWS ROUNDUP — Greenstone pays off note
With mining well under way at its wholly owned Santa Rosa gold mine in Panama, Greenstone Resources (TSE) has paid off a US$5-million promissory note prior to its due date. The note, payable to Freepo…
Carissa advances Wyoming property
Based on encouraging assay results from last summer’s program, Carissa Mining (VSE) will proceed with the next phase of drilling on the Carrisa mine property in Wyoming. The new program is estimated t…
Geologists find gold traces on Queen’s Scottish estate
According to a press report from England, geologists say gold has been found at Queen Elizabeth’s Scottish residence. Apparently traces of gold were discovered in granite outcrops and river beds in se…