State permits for Fort Knox
State permits for the Fort Knox gold project in central Alaska are in place and Amax Gold (NYSE) expects federal approval from the Corps of Engineers in the near future. The capital cost of Fort Knox …
News
Inter-Rock options Mother Lode
Toronto-based Inter-Rock Gold (ME) has been active in southern Nevada, acquiring a new property and completing a 40-hole program on its Secret Pass deposit. The new property, known as Mother Lode, is …
NEWS ROUNDUP — Battle Mountain options Gold Creek
A New York-listed major familiar with skarn deposits will test such a prospect in western Montana. Battle Mountain Gold (NYSE) has signed an agreement with Blue Ribbon Resources (VSE) to earn a 60% in…
NEWS ROUNDUP — Amax drilling Robertson play
Five rigs are set to begin drilling at the Robertson project in Nevada’s Crescent Valley. The program will involve drilling 140 holes, for a total of 50,000 ft. Amax Gold (NYSE) can earn a 60% interes…
NEWS ROUNDUP — MIM free to sell Granges stake
Producer Granges (TSE) has failed to find a buyer for the 12.7 million shares in the company owned by MIM Holdings. The shareholding represents 37% of the issued shares in Granges and the agreement wi…
STOCK MARKETS — Concern over interest rates shakes resource
With gold drifting at the US$378-per-oz. level and major markets shaken over interest rate concerns, the Vancouver Stock Exchange traded lower during the period ended March 8. The VSE resource index s…
Company director fined in accident
A company director, along with the company itself and a supervisor, has been convicted of an offence, the first under Ontario’s revised Occupational Health and Safety Act. The accused pleaded guilty r…
Toronto Stock Exchange Indices (March 14, 1994)
— 1994 — Mar 8 Mar 7 Mar 4 Mar 3 Mar 2 High Low Composite”300″ 4431.23 4436.65 4398.56 4370.25 4362.21 4601.09 4286.54 Metals&Minerals 3730.18 3786.79 3728.30 3675.76 3654.52 3855.09 3495.59 Integra…
Viceroy launches global exploration initiatives
With the Castle gold mine churning out more gold and healthier profits, Viceroy Resource (TSE) is setting its sights on opportunities farther afield. The company has joined Gwalia Consolidated, an Aus…
Reunion to develop Zimbabwe copper
A subsidiary of Caledonia Mining (TSE) plans to develop its Sanyati copper oxide project in Zimbabwe. Reunion Mining estimates the cost to be US$8.7 million. The news comes after the completion of a f…
NEWS ROUNDUP — Altai adds to Peruvian holdings
Toronto-based Altai Resources (TSE) has acquired two more gold properties in western Peru. The Rio Colorado covers 2,000 acres in Ferrenate province, north of Chimbote City. Selected grab samples retu…
NEWS ROUNDUP — Glamis options Mexican gold
A wholly owned Mexican subsidiary of Glamis Gold (TSE) is acquiring the property known as El Rosario, in Chihuahua state. An initial payment of US$60,000 has been submitted, with a signed letter of in…