Canarc acquires options in Guyana
Under an option agreement, Canarc Resource (VSE) can earn a 35-65% interest in four gold properties near the Cayuni and Barama Rivers in northwestern Guyana. It can earn an initial 50% interest in eac…
News
Ownership dispute ends at White River
An ownership dispute over the White River project has been settled, allowing Akiko Gold (VSE) and Gold Giant Minerals (VSE) to form an exploration joint venture with Hemlo Gold Mines (TSE). The projec…
STOCK MARKETS — Diamond stock sell-off dampens western
Weakness on major eastern markets and an extended pause in the gold rally at the US$390 level, combined with some heart-stopping air pockets in the diamond issues, helped push western markets down ove…
Equinox funds Rosebud deal
With a $9-million private placement now closed, Equinox Resources (TSE) is on its way to buying the Rosebud gold project, in Nevada, from Lac Minerals (TSE). The purchase price for the 51% interest is…
NEWS IN BRIEF (July 26, 1993)
Cal Graphite Corp. (CGP:VSE) has changed its name to Applied Carbon Technology, Inc. with no consolidation of capital.
Pilot plant for Williams Creek
Partners Western Copper Holdings (TSE) and Thermal Exploration (ASE) are requesting bids from engineering firms for a feasibility study on the Williams Creek copper-gold project 25 miles from Carmacks…
Prime Equities to buy Hasbrouk
An agreement has set the stage for Prime Equities International (VSE) to buy the Hasbrouk Mountain gold-silver property from a unit of Homestake Mining (NYSE). Near Tonopah, Nev., the property has a g…
Central bank sales cap gold price
The future direction of the gold price is of keen interest to many market-players. The price has been propelled by an expectation that inflation rates will rise sharply; this is seen as a possible con…
Consultant buys more Orvana
Merwin Bernstein, a Chile-based geological consultant and director of Orvana Minerals (TSE), boosted his stake in the aggressive junior exploration company at the end of June. According to the Ontario…
Ambitious Kinross buys Falconbridge Gold
Toronto-based Kinross Gold (TSE) is on its way to becoming a new player on the Canadian gold mining scene. Just last month the company purchased two U.S. gold mines for US$16.8 million (see separate s…
Placer sells Dona, mining to continue
With minable reserves nearly depleted, Placer Dome (TSE) has sold its Dona Lake gold mine to mining contractor Ross-Finlay for $2 million. The sale includes the mine, a 550-ton-per-day mill (south of …
Joutel wins landmark Cuban approval
Finally, after months of speculation and anticipation, a landmark exploration agreement between Joutel Resources (TSE) and the Cuban government has been approved by the Cuban Council of Ministers. The…