News

By acquiring an option on the 2,200-hectare Mesa property in Sonora state, Northern Crown Mines (VSE) has added to its holdings in Mexico. To earn the interest, the company must pay US$225,000 over fi…

In buying all the issued and outstanding shares of Nixon Fork Mining, Toronto-listed Consolidated Nevada Goldfields has acquired 71% of the Nixon Fork gold project in central Alaska. As consideration …

Alberta-listed Tan Range Exploration has granted Takla Star Resources (ASE) and Fairfield Explorations (ME) an option to develop the Luhala and Ngula gold projects in Tanzania. Takla and Fairfield can…

Shareholders of Belmoral Mines (TSE) have approved a transaction which will take them out of debt and into oil and gas interests. Geopetrol Resources, a private Alberta company, has an option to buy t…

A private placement of 4.2 million units at 12 cents each has been completed by Hedman Resources (ASE). Each unit consists of one common share and one warrant. The warrants can be exchanged for shares…

There seems to be a cyclical element in the Western world’s gold production. It took 15 years, from 1951 to 1966, for annual production to rise by 75% to 1,285 tonnes (reflecting the development of th…

Toronto-listed Consolidated Ramrod Gold has added to its ground position near Cranbrook, B.C., by entering an agreement to acquire the St. Joe claims, which lie north of its FORS and Vine properties. …

Zahavy Mines Ltd. (ZVY:ASE) has changed its name to Xavier Mines Ltd. (XXX:ASE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is R-M Trust Co.

Jed Teigen appointed director. N5…

John Budden appointed director. N5…

Guillermo Francisco appointed director. N5…

Kenneth Sanders appointed president and director; Gordon Schwartz and John Palkowsi appointed directors. N5…