Correction (September 29, 1997)
In our Sept. 22 issue, we wrongly stated that South-African based Rangold can earn a 65% interest in the Kangele gold project, owned by Pangea Goldfields (PGD-T), by spending US$4 million and completi…
News
THE GLOBAL SEARCH FOR GOLD — Queenston looks where others did not in Kirkland Lake
Many Canadian exploration companies have gone to the ends of the earth for gold, bringing back tales that gave the market a taste for the exotic.Investors were less excited about companies like Queens…
PEOPLE – NICKELODEON
Terry Tucker appointed president and CEO.
PEOPLE -MADISON
Catherine McLeod-Seltzer and James Stewart elected directors.
Sahelian sees potential at Poura GLOBAL SEARCH FOR GOLD — Summer drilling marks turning — point in quest for Damoti gold — Company seeks to expand resource in deep drilling program
A work program by Sahelian Goldfields (SHGI-C) is adding to the resource potential of the Poura mine, a past producer of more than 600,000 oz. gold in Burkina Faso, West Africa.The company says recent…
GLOBAL SEARCH FOR GOLD — Drilling penetrates gold zone at Tanzania’s Geita — Development program continues at Samax’s Golden Pride property
While its 1-million-oz.-plus Golden Pride gold deposit remains its primary focus, Samax Resources (SMX-T) is increasingly encouraged by its separate Geita gold property, about 160 km to the northwest,…
Western Pacific eyes Chilean properties
Western Pacific Mining Exploration (WPC-M) has signed an agreement to earn interests in a small polymetallic producer and two former producers near Vallenar, in central Chile.The agreement, which is s…
GLOBAL SEARCH FOR GOLD — Rio Tinto’s gold output on the rise
With interests in several mines around the world, Rio Tinto (RTP-N) produced more than 1 million oz. gold during the first half of 1997, up 15% from the comparable period in 1996.The company says its …
GLOBAL SEARCH FOR GOLD — Golden Knight tests projects in West Africa
The gold potential of West Africa continues to lure Golden Knight Resources (GKR-T), a Vancouver-based company with interests in 14 projects in Ghana and Burkina Faso.The company released results from…
GLOBAL SEARCH FOR GOLD — Abcourt plays waiting game in northwestern Quebec
Junior Abcourt Mines (ABI.B-M) is an example of a domestic mining company that is ready to bounce back into the production mode whenever gold or silver prices return to their former highs.The company’…
GLOBAL SEARCH FOR GOLD — Ashanti arranges funds for Bibiani mine
A US$60-million financing will provide funds for Ashanti Goldfields (AHD.U-T) to develop the Bibiani gold project in western Ghana.The open-pit mine is expected to produce 170,000 oz. gold per year at…
GLOBAL SEARCH FOR GOLD — Goldcorp bids for rest of Wilanour
Having previously failed to gain a stake in Wilanour Resources’ (WLR-T) holdings near Red Lake, Ont., Goldcorp (G.A-T) has launched a takeover bid for the junior company.Goldcorp has offered $1.40 for…