Noble, Dejour form new junior
Noble Peak Resources (ASE) and Dejour Mines (TSE) have formed a new company to carry out exploration on their jointly held ground within the Rankin- Ennadai greenstone belt. MH Resources, which recen…
News
On the Level Australia’s Coronation Hill could happen here
Australia even riskier for foreign investment than Ontario? I was shocked to read recently that the government of Australia, a Commonwealth country with many parallels to ours, has ordered a halt to a…
U.S. REPORT Cathedral, Pacific Sentinel plan exploration work
An aggressive exploration program is being planned by Cathedral Gold (TSE) and Pacific Sentinel Gold (VSE) to outline and test targets on mineral properties totalling 300,000 acres near Anchorage, Ala…
NEWS IN BRIEF Corona options Red Cap
A preliminary exploration program is now in progress on the Red Cap polymetallic property in British Columbia’s Taku Valley, 40 miles east of Juneau, Alaska. The project will be operated by Internati…
LAC, Bond deal only needs minority shareholders’ OK
LAC Minerals’ (TSE) new sweeter offer for the remaining shares of 64.7% owned Bond International Gold (TSE) it doesn’t already own was recently approved by directors of both companies. Under the offer…
NEWS IN BRIEF Pacific proposes warrant issue
Pacific Metals (ASE) has proposed a private placement of 1.4 million special warrants at a price of $1 to replace a previously announced common share placement. Each warrant will be exchangeable into…
Cornucopia halts merger plan, Galactic holds talks with DCC
The proposed merger of Galactic Resources (TSE) and Cornucopia Resources (TSE) into one company has been terminated. Galactic said the cancellation of the merger was “amicable” and will not affect the…
U.S. REPORT Cochise exposes vein on level two at Golden Rule
Operators at the Golden Rule prospect in Arizona have exposed the property’s main vein on the second level. Cochise Resources (ASE) says that although grade along the 270-ft. drift exposure is varia…
Vancouver Stock Exchange Financing boosts Fairfield
A review of trading activity for the first half of 1991 shows a distinct drop compared with the same period last year. Daily volume during the first half fell by more than 14%, with daily value decrea…
Miners fight Newfoundland parks
Newfoundland’s mining industry is beginning to look askance at the province’s drive to protect more Crown land from mineral and other forms of economic development. The industry is afraid the provinc…
Platinova, RTZ team in Greenland
A joint venture agreement has been signed with a subsidiary of RTZ of London covering the exploration and possible development of four mineral licence areas in Greenland, Platinova Resources (TSE) rep…
Kalahari cuts good grades at La Currita
Drilling on the La Currita property near Chihuahua, Mexico, is returning good gold-silver intersections over wide widths. The La Currita property is leased to Kalahari Resources (VSE) which has the r…