Following a 4-month due diligence review, Pegasus Gold (TSE) has decided not to acquire El Condor Resources (VSE). Pegasus had offered to buy all the outstanding shares of El Condor for $7.50, payable…
By acquiring a 75% interest in the Oteros project in western Chihuahua state, Levelland Energy & Resources (VSE) has involved itself in a fourth property in Mexico. The cost of the 75% interest is $8,…
In a bid to diversify, Saskatchewan uranium producer Cameco (TSE) has signed a deal with the Kyrgyzstanian government to develop the Kumtor gold deposit in the eastern mountains of the former Soviet r…
Alberta-listed Detector Resources has inked a deal to earn a half interest in Wiscan Resources’ (TSE) Randall Lake gold property in northwestern Ontario. The 102-claim property is in the Opapimiskan L…
CDN-listed Metallica Resources has bought the Cuyuni I through VI concessions in Venezuela’s Bolivar state. The concessions, comprising 3,000 hectares, are in the historic alluvial mining camp known a…
Spokane, Wash.-based Pegasus Gold (TSE) plans to carry out underground exploration at the Diamond Hill property, 28 miles southeast of Helena, Mont. Diamond Hill hosts a steeply dipping skarn deposit …
Encouraging results are reported from winter drilling on the Fenn-Gib property, 20 km east of Matheson, Ont. In a 19,800-metre program, Pangea Goldfields (CDN) defined five zones of high-grade mineral…
A group of minority shareholders of Asbestos Corp. (TSE) has lost the first round in its legal battle against the province of Quebec, but it isn’t giving up the fight. The crux of the dispute, now bei…
Fortunately for the northern mining industry, the calm settling over “hot spots” such as Angola, Iraq and Somali has created easier access to Canada’s only civilian Hercules transport. Increased globa…
Operations continue to improve at the Con underground gold mine in Yellowknife, N.W.T. Miramar Mining (TSE) reports that cash costs for the first three months of 1994 averaged, US$294 per oz., compare…
Despite downward pressure from rising interest rates and falling bond prices, the Toronto Stock Exchange (TSE) still managed to gain ground over our report period, ended May 31. On May 31, the Bank of…
Drilling at the Damoti Lake property north of Yellowknife, N.W.T., is returning encouraging results. Hole D-50 returned a 43-ft. intersection grading 0.094 oz. gold per ton, including a 12.1-ft. secti…
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