Gold zones confirmed at Moss Lake property
Results from the first 11 holes of winter drilling are confirming the presence of gold zones at Moss Lake Gold Mines’ (TSE) project near Shebandowan, Ont., The property was previously explored by the …
News
Canyon picks up Ethiopian licence
Canyon Resources (NASDAQ) has acquired another exploration licence in the Adola gold belt, this one north of the Lega Dembi gold mine in southern Ethiopia.The Meleka Abeba licence was issued to the co…
Tan Range drills the Itetemia project
Reverse-circulation drilling on the Itetemia project in Tanzania is returning anomalous gold and silver values for Tan Range Exploration (ASE).The company can earn a 90% interest in the property; JCI …
Ramrod drill-tests Sullivan-like target in B.C.
At the Vine property in southeastern British Columbia, Consolidated Ramrod Gold (TSE) is drill-testing a massive sulphide target believed to be similar to Cominco’s nearby Sullivan orebody.Several hol…
NEWS IN BRIEF (April 08, 1996)
Peltech Industries (PLN:VSE) has changed its name to Gold Win Ventures (GWV: VSE) on a 1-new-for-5-old-share basis.
FINANCING (April 08, 1996)
Santa Cruz Gold — 5,845,500 Units each consisting of one Common Sh and one-half of one Common Sh Purchase Wt to be issued upon the exercise of 5,845,500 previously issued Special Wts @ 50 cents per U…
GOLD FUNDS (April 08, 1996)
Gold Funds as of March 28, 1996 BGR CentralNet Value $23.43 $6.91Price $19.00 $7.000Discount 18.91% 1.3%Value $183,203,000 $126,695,100…
Nelson mining gold along historic Silk Road
In former times, this enclave in Central Asia formed part of the famous Silk Road, a trade route that saw silk, jade and other treasures flow from the Orient to the financial capitals of Europe in ret…
Correction (April 08, 1996)
Alberta-listed Gowest Amalgamated Resources has received a letter of intent from Placer Dome (TSE) for an option agreement on the former’s McAlpine Lake property, west of Placer Dome’s Detour Lake min…
EDITORIAL — Stay tuned
The battle for control of the rich Voisey’s Bay nickel-copper-cobalt deposit in Labrador has become the business story of the year. Doubtless, many journalists would gladly have traded places with a f…
ODDS’N’SODS — High water and base language
I was employed at New Ontario Machine Works for many years, and it was 1936 when the shop received an urgent telephone call from the Desantis gold mine’s master mechanic, who was sending us the projec…
Baylis to speak at CIM meeting
The president of Crown Butte Resources will speak at the April 18 luncheon of the Canadian Institute of Mining, Metallurgy & Petroleum, to be held at the Ontario Club in Toronto.John Baylis, who is al…