News


New mineralization found at LaRonde mine

Drilling has expanded the size of the mineralized zone at the LaRonde mine, 55 km west of Val d’Or, Que., and owner Agnico-Eagle Mines (TSE) is optimistic about increasing the reserves.Drill holes adv…


Western Mining teams up with Argentina Gold

A subsidiary of Western Mining of Australia can acquire a 60% interest in three of the Argentine properties of Argentina Gold (VSE).In return for the option, Western has paid the vendor US$3 million a…


Santa Cruz Gold raises $3 million

CDN-listed Santa Cruz Gold has completed a private placement of 6 million special warrants priced at 50 cents each.A special warrant is exchangeable for one unit consisting of one common share and hal…


Stellar firms up nickel acquisition

Junior Stellar Gold (VSE) is going ahead with its planned acquisition of a laterite nickel deposit in the Philippines.To acquire the Palawan project, Stellar, which has 4.8 million shares outstanding,…


Franco-Nevada to own Redstone

Royalty company Franco-Nevada Mining (TSE) wants to acquire all of the common shares of Redstone Resources (TSE) that it does not already own.Franco has offered Redstone shareholders one Franco-Nevada…




PDAC offers tours of Manitoba and Quebec operations

Tours of mines in Manitoba and Quebec are being offered by the Prospectors and Developers Association of Canada (PDAC) as part of its 1996 annual convention.The tours are scheduled for March 4-8, imme…


Siskon secures funds for California projects

Siskon Gold (NASDAQ) has raised US$5 million to finance construction of the San Juan and Big Horn projects in California.The company sold to Vengold (VSE) US$2 million in convertible shares at US$2.56…


Noront, HL enter Labrador agreement

Vancouver-listed Noront Resources has entered into a joint-venture agreement with HL Corp. (NASDAQ) regarding one of the former’s properties in Labrador.The deal gives HL the right to earn a half inte…



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