With the withdrawal of the Royal Oak Mines (TSE) bid, it appears likely that shareholders of Lac Minerals (TSE) will support the bid tendered by American Barrick Resources (TSE) and transfer control o…
Another disappointment on the diamond front appeared to have little effect on the overall market during the report period ended Aug. 30. An optimist might say the market was at or near its bottom, whi…
Expanding on its plans to merge with privately owned McKinney Mines, Gold City Resources (ASE) has announced that Providence Industries (VSE) will be included in the proposed amalgamation. McKinney an…
Toronto-listed Noranda can earn up to a 75% interest in the San Isidro property in Mexico from Aquiline Resources (VSE). Aquiline estimates the property hosts between 20 and 70 million tonnes grading …
The daily production rate at the Donalda gold mine in Rouyn-Noranda, Que., is expected to reach 450 tonnes in September after the seventh-level stopes start producing on a regular basis. Orco Resource…
Junior Altai Resources (TSE) is earning a 60% interest in Peru’s La Brena copper-gold property, where mineralization with a surface expression of 1,500 by 300 metres has been exposed. An earlier descr…
A subsidiary of Rayrock Yellowknife Mines (TSE) has signed an agreement concerning a joint venture on part of the Gold Bar claim block, owned by Atlas (NYSE). Rayrock can earn a 60% undivided interest…
Toronto-listed Sudbury Contact has intersected additional gold mineralization at the Victoria Creek project in northeastern Ontario. Hole 25 hit 0.35 oz. gold per ton over 19.5 ft. associated with a h…
Development is proceeding at the the Nugget Pond gold project near Baie Verte, Nfld. Noveder (ME) of Rouyn-Noranda, Que., which hopes to have the project ready for production in early 1995, has obtain…
Field crews of Seawest Resources (VSE) are exploring an 89-claim property in northeastern Ontario’s Moody Twp. Seawest can acquire a 60% interest from owner Glen Auden Resources (CDN). Previous drilli…
Junior Glen Auden Resources (CDN) is planning a drill program on a 142-claim property near Casa Berardi, Que., optioned from Noranda (TSE) and Hemlo Gold Mines (TSE). A series of holes, spaced at 50-1…
A joint-venture company 25%-owned by Asarco (NYSE), Kamgold, has won a bid to develop a gold mine 50 miles west of Milkova on the Kamchatka Peninsula in northeastern Russia. By mid-1995, the company e…
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