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Jerome Gold buys reprieve as reserve hunt continues

After persuading E.B. Eddy Forest Products to extend the deadline for an option agreement at the old Jerome mine near Swayze, Ont., Toronto-based Jerome Gold Mines (ASE) has raised $500,500 to finance…


Gold Project Reverts to Golden Zone Resources

Full ownership of the Golden Zone property in Alaska has reverted to Golden Zone Resources (VSE) after an option agreement with United Pacific Gold (VSE) was recently terminated. Grant Hagestad, chair…


Placer Dome helping to fund VSM plans

A $3-million share purchase agreement with VSM Exploration involving six million flow-through shares will give Placer Dome (TSE) controlling interest in the exploration company. Placer has agreed to p…



Stikine presiden onesPezm’ idfrcnrl

Murray Pezim’s recent offer to acquire 51% of the issued capital of Consolidated Stikine Silver Ltd. (VSE) no doubt represents a potential financial windfall for Marguerite MacKay, president and subst…


Will Barrick loan affect gold price?

Just what the price of gold, which has been struggling of late, needs: an announcement by American Barrick Resources (TSE) that it is arranging a 1,050,000-oz gold loan. The precious metal, which just…


La Fosse makes bid to purchase Louvicourt Gold

An offer to purchase 60% of the issued and outstanding common shares of Louvicourt Gold Mines (COATS) has been made by La Fosse Platinum (TSE). The offer will be made on the basis of one common share …


Santa Cruz venture secures copper bet

The Santa Cruz joint venture of Asarco Inc. and Freeport-McMoRan Gold have purchased 2,420 acres near Casa Grande, Ariz. The companies say a portion of the acreage contains a porphyry copper deposit. …


Troudor exploring new Idaho gold project

Preliminary sampling of a recently-optioned property in Idaho is confirming the presence of good gold values in underground workings, according to Troudor Resources (VSE). The company recently acquire…


Second generation of miners

Even though Balmertown,Ont., is a 4- Ehour drive from the nearest city, Campbell management has never relied on itinerant miners coming to the door in search of employment. Rather than bring in unskil…


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