Metallica completes acquisition, financing
Having completed a 1-for-7 share consolidation and a name change, Metallica Resources (CDN) — formerly Burgess Point Resources — has acquired Venezuelan Mineral Development Corp. (Vencorp). Vencorp …
News
X-Cal exploring near Sleeper
A gold prospect next to the producing Sleeper gold mine in Nevada is providing a new exploration focus for X-Cal Resources (TSE). Sampling on the X-Cal-York Mines property has returned an 11-ft. width…
Goldbrook focuses on Big Mac zone
To cover fully an area of intense hydrothermal alteration, Goldbrook Explorations (ASE) has acquired an additional 12 units adjoining its Onaman River base metal property. The property, north of Beard…
ODDS’N’SODS — Prospecting, 1990s style (2)
The author concludes his story of his prospecting trip to northern Ontario last spring. Dusk was falling rapidly and it was starting to rain. I hastily carried my bags about 35 yards from the tracks i…
Rayrock increases minable reserves
Drilling at three Nevada gold mines has almost doubled minable reserves for Rayrock Yellowknife Resources (TSE). The estimate has increased to more than 1 million oz. from 593,000 oz. at year-end 1992…
NEWS ROUNDUP — Golden Rule funds work at Komis
Junior Golden Rule Resources (TSE) will provide additional financing to Waddy Lake Resources (TSE) so it can explore and develop its Komis gold deposit in Saskatchewan. Golden Rule will advance up to …
NEWS ROUNDUP — Etruscan finishes reorganization
Junior Etruscan Enterprises (VSE) has reorganized. It has transfered to a new exploration company its interests in the Theirry copper-nickel mine, near Pickle Lake, Ont., and the Hackett River polymet…
NEWS ROUNDUP — Madsen expands Red Lake holdings
Two claim blocks north and west of its 169-claim property near Red Lake, Ont., have been acquired by Madsen Gold (TSE). The property holds the past-producing Madsen gold mine. Madsen bought the 57-cla…
Charlim raises drilling funds
Junior Charlim Explorations (VSE) has raised $495,000 in a flow-through financing. The Montreal-based company will spend 75% of the funds drilling its gold project on the Wrightbar property near Val d…
Investing in Latin America
The Canadian Council for the Americas (CCA) will host a 2-day conference Feb. 10-11 in Toronto on investing in Latin America. The conference is titled “Mining Investment in Latin America: A view from …
DIAMOND PAGE — Ashton uncovers small kimberlite body in
A small kimberlite body in the Crystal Falls area of southwestern Michigan has been uncovered by Ashton Mining of Canada (TSE). The company has a 51% interest in the project. President David Hurburgh …
Raymor raises project funding
Proceeds from a $250,000 private placement will be used for exploration and definition drilling of a La Motte Twp. lithium property northwest of Val d’Or, Que. Raymor Resources (ASE) says previous wor…