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…
News
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…
DIAMOND PAGE — Golcanda extends BHP deal deadline
Junior diamond explorer Golconda Resources (ASE) has extended the deadline by which BHP Minerals International Exploration can enter a joint venture and earn a 51% interest in Golconda’s Idaho diamond…
Dentonia passes rights plan for shareholders
Shareholders of Dentonia Resources (VSE) have approved a poison pill which they will swallow in the event of an unsolicited takeover bid. Under the new shareholder rights protection plan, a “permitted…
Majors eye junior active in Brazilian gold camp
The promise of political and economic reforms in Brazil has put the spotlight on newly listed Santa Elina Gold (TSE), a junior company which has been exploring and developing gold mining properties in…
Mutual closes African property agreements
A previously announced agreement involving the Bilpraw gold concession in central Ghana has closed. The deal allows Mutual Resources (VSE) to earn a 55% interest in the concession by paying $75,000 an…