Inter-Rock options Mother Lode
Toronto-based Inter-Rock Gold (ME) has been active in southern Nevada, acquiring a new property and completing a 40-hole program on its Secret Pass deposit. The new property, known as Mother Lode, is …
News
Reunion to develop Zimbabwe copper
A subsidiary of Caledonia Mining (TSE) plans to develop its Sanyati copper oxide project in Zimbabwe. Reunion Mining estimates the cost to be US$8.7 million. The news comes after the completion of a f…
NEWS ROUNDUP — Altai adds to Peruvian holdings
Toronto-based Altai Resources (TSE) has acquired two more gold properties in western Peru. The Rio Colorado covers 2,000 acres in Ferrenate province, north of Chimbote City. Selected grab samples retu…
NEWS ROUNDUP — Glamis options Mexican gold
A wholly owned Mexican subsidiary of Glamis Gold (TSE) is acquiring the property known as El Rosario, in Chihuahua state. An initial payment of US$60,000 has been submitted, with a signed letter of in…
Musselwhite project advancing to feasibility
Toronto-listed partners Placer Dome and TVX Gold are stepping up the pace of activity at the Musselwhite gold property in northwestern Ontario. The project, reported to contain a measured and indicate…
Greenstone to buy stake in Honduran mine
A planned merger between Greenstone Resources (TSE) and Fischer-Watt Gold (NASDAQ) will not proceed. The latter was unable to secure the required lock-up and escrow agreements from its majority shareh…
American Gem testing Montana sapphire play
Newly formed American Gem (TSE) is out to prove that diamonds are not the only commodity with sparkle these days. It is developing a large, gem-quality sapphire deposit in the mountains east of Helena…
EDITORIAL PAGE — A haunting melody
Haven’t we heard this tuneful little number before? The melody is more than faintly familiar. Even the lyrics have a deja vu quality. We refer, of course, to the latest government budget, specifically…
Eden Roc hits gold in five zones
Encouraging drill results, coupled with an imminent influx of $17.6 million cash, bode well for Eden Roc Minerals (TSE). On its 68%-owned, 320-sq.-mile concession in Ivory Coast, the company has inter…
Agnico-Eagle increases earnings
Higher gold prices, together with higher grades at the LaRonde mine in Quebec, enabled Agnico-Eagle Mines (TSE) to earn more money in 1993 than in the previous year. Revenue from the Val d’Or area min…
Canarc directors defend lawsuit
Faced with a lawsuit related to involvement in a proposed merger between Canarc Resource (VSE) and Rembrandt Gold Mines (ASE), certain directors of Canarc as well as certain investors and Canarc itsel…
ODDS’N’SODS — The great diamond fraud of 1872 (3)
(The following is the concluding instalment of a 3-part story.) Now wholly convinced by Henry Janin’s US$4-million evaluation of their play, the backers were determined to take the thing public. The S…