PEOPLE — MERLIN RESOURCES
Antal Markus appointed president and director.
News
Kensington funding
A private placement of 4.5 million special warrants will net Kensington Resources (VSE) about $3.1 million. The company will use the proceeds to explore its diamond prospects in Saskatchewan. Each spe…
NEWS ROUNDUP — Ecudor arranges private placement
A private placement will allow Societe Miniere Ecudor (ME) to increase to 35% its stake in the Dona Lake gold mine in northwestern Ontario. The $1-million debenture placement, which has yet to be appr…
NEWS ROUNDUP — Inco reviewing Schell Ranch
Pending a review of exploration results for the past year on the Schell Ranch property, a U.S. subsidiary of Inco (TSE) is expected to resume drilling in early 1994. The property is in Calaveras Cty.,…
Startigan plans work on Ecuadoran play
By acquiring all outstanding shares of Ecuadorian resource company Square Valley, Startigan (ASE) has assumed ownership of two gold projects in the foothills of the Andes. The Gaby property, 85 miles …
Lyon Lake tests zone extension
Surface sampling and drilling demonstrate that the gold-bearing zone of the Beta Vargas deposit in Costa Rica is open to the east and at depth. Lyon Lake Mines (ME) has completed 17 reverse circulatio…
ODDS’N’SODS — A man `over the range’
(The following story is characteristic of the life and death of many placer miners in early years. The individual described, Stumpy Wicks, worked on the Coeur d’Alene River, in Idaho.) Stumpy Wicks wa…
Wheaton sells Ketza River gold property to YGC
Junior gold miner Wheaton River Minerals (TSE) has sold its Ketza River property, near Ross River, Y.T., to YGC Resources (VSE). In return, Wheaton will receive three million YGC shares, giving it a 4…
T&H report on exploration
T&H Resources (TSE) says its Damoti Lake property in the Northwest Territories has been brought to lease. Limited sampling on the shore of Damoti Lake proved disappointing. However, geophysical work a…
Kasperske Hory drilling under way
Drilling is under way at the Kasperske Hory gold project, 80 miles southwest of Prague in the Czech Republic. Two Vancouver-listed partners — Paramount Ventures & Finance and Royalstar Resources — h…
EDITORIAL PAGE — Country risk
It wasn’t so many years ago that most Latin American countries were strictly beyond the pale for North American investors. Military dictators, political corruption and graft, popular uprisings and sus…
Int’l Gold offering raises $2.5 million
A newcomer to the Canadian Dealing Network, International Gold Resources, has completed a private placement of one million special warrants at $2.50 each. The company was formed from a merger between …