Opawica in Ghana
Toronto-listed Opawica Explorations is set to acquire privately owned Alex MacIntyre and Associates (AMAL). An agreement in principle calls for Opawica to pay $1.5 million in cash and issue 725,000 co…
News
Battle Mountain gets leeway in Crown Jewel ruling
An arbitrator has ruled that Battle Mountain Gold (NYSE) is not required to make the first two US$1-million penalty payments to Crown Resources (TSE) under the companies’ Crown Jewel joint-venture agr…
LETTERS TO THE EDITOR — Information sought about claims
I am one of a group of three independent prospectors who hold potential base metal claims in northwestern Grenfell Twp., near Kirkland Lake, Ont. These claims were the subject of considerable explorat…
Orco’s Donalda producing gold again
The operator of the Donalda gold mining project is projecting output of about 20,000 oz. for the first year. Orco Resources (ME) placed the project, which sits just outside city limits, into productio…
Int’l Platinum halted pending assay check
The shares of International Platinum (IPC) have been halted from trading on the Toronto Stock Exchange pending an “independent verification” of recently reported assay results from its property in La …
Campbell divides time between Mexico and Quebec
For years, Campbell Resources (TSE) has been hobbled with a mixed bag of gold-copper, asbestos and coal investments. Profitability and a clean balance sheet were elusive. However, the past few years h…
Messeguay Mines options Loubel’s Burkina Faso ground
Montreal-based Messeguay Mines (ME) can earn interests in Loubel Exploration’s (ME) two properties in Burkina Faso, West Africa. Messeguay can earn 49% of the 314-sq.-km Dossi property, which hosts tw…
THE DIAMOND PAGE — Joint venture discovers diamonds in
Partners War Eagle Mining (VSE) and Great Western Gold (VSE) have discovered three diamondiferous kimberlite pipes on their 50-50 joint venture near Candle Lake, north of Fort a la Corne, Sask. The dr…
EDITORIAL PAGE — Anticipation
There are about three hundred economists in the world who are against gold, and they think that gold is a barbarous relic — and they might be right. Unfortunately, there are three billion inhabitants…
Adrian discovers gold in Panama
A gold discovery by Adrian Resources (TSE) is enhancing the overall mineral potential of the company’s land package in Panama. The discovery was made on La Petaquilla, a property which already hosts a…
Hope Brook mine enables Royal Oak to boost earnings
Owing to a full year’s output from the Hope Brook mine in southwestern Newfoundland, Royal Oak Mines (TSE) produced 13% more gold in 1993 than in 1992. The company turned out 276,320 oz. from its thre…
Perron honored
The chief executive officer of Deak Resources, Alex Perron, received a gift from Nova Scotia at the recent PDAC convention in Toronto. The gift is a hand-painted 18-inch china plate edged with 24-cara…