Channel expands African holdings
While it continues to explore its gold concessions in Burkina Faso, West Africa, Channel Resources (TSE) is acquiring interests in two additional properties in the area.By gaining a 95% stake in these…
News
Lenora tests gravity process
Bulk-testing of material from the Box and Athona deposits at the Goldfields gold project in northern Saskatchewan is complete, Greater Lenora Resources (TSE) reports.Preliminary analysis of the gravit…
Echo Bay, Canarc join forces to explore Guyanese project
Gold producer Echo Bay Mines (TSE) has acquired a 10.5% stake in Canarc Resources (TSE) and chosen the Baramita gold property in Guyana for further exploration.The senior acquired the interest by purc…
NEWS IN BRIEF (May 08, 1995)
Broadlands Resources (BOD:VSE) and Shorewood Exploration (SWX:VSE) have amalgamated to form International Broadlands Resources (IBR:VSE). Broadlands and Shorewood shareholders received one new share f…
Western Copper, Thermal to merge
An amalgamation of Western Copper Holdings (TSE) and Thermal Exploration (ASE) is in the works.The merger is intended to facilitate development and financing of the jointly owned Carmacks copper proje…
Crystallex sweetens Eurus deal
An amendment to the previously announced merger of Eurus Resource (VSE) and Crystallex International (VSE) sweetens the pot for Eurus shareholders.They will now receive one share and one warrant of Cr…
Verdstone, Amcorp land moly property
Partners Amcorp Industries (VSE) and Verdstone Gold (VSE) are acquiring a molybdenum project in British Columbia in return for $5,000 plus 100,000 shares each.The companies are conducting additional s…
New CaribGold showing in Cuba
Surface work at the Sierra Maestra Oriental gold concession in eastern Cuba has uncovered a new discovery, CaribGold Resources (TSE) reports.Mapping and airborne geophysics, along with rock sampling, …
Transpacific plans drilling program
Drilling is planned by Transpacific Resources (TSE) for a gold-copper property in the Kirkland Lake area of northeastern Ontario.Induced-polarization surveys in the northwestern part (Instant Creek) o…
Gold Funds (May 01, 1995)
Gold Funds as of Apr. 25BGRCentralNet Value$17.50$6.98Price$14.63$7.00Discount16.41%Premium0.3%Value$136,790,000$126,695,100…
Hemlo options play in northern Quebec
Toronto-listed Hemlo Gold Mines (TSE) can earn a half interest in the 77-claim Ligneris gold property, near Amos, Que., from joint owners Placer Dome (TSE) and La Societe d’exploration miniere Vior (M…
Strike plans work for new project
A work program is planned for the recently acquired Nicopor base metal property north of Schreiber, Ont., Strike Minerals (CDN) reports.The junior has been negotiating a possible joint venture for the…