Agnico buys shares of Sudbury Contact
Toronto-based Agnico-Eagle Mines (TSE) will buy 843,000 shares of Sudbury Contact Mines (TSE) from affiliated holding company Mentor Exploration and Development (TSE).As consideration for the purchase…
1995
Santa Elina to build new plant
Last year, Brazilian gold producer Santa Elina Gold (TSE) raised over US$36.5 million through an initial public offering and private placement.The funds were used to pay down existing debt, to purchas…
Reunion Mining busy in Ghana
Reunion Mining, 30.7% owned by Toronto-based Caledonia Mining (TSE), has acquired rights to earn an interest in two gold prospecting licences near Bibiani, Ghana.Reunion’s agreement with the Placer Do…
Prefeasibility study expected for El Dorado
A drilling program is helping Mirage Resource (TSE) to gain a better understanding of the northernmost prospect on its El Dorado gold project in El Salvador.Drilling has tested the La Coyatera North z…
Corner Bay acquires Arizona copper play
Corner Bay Minerals (TSE) is acquiring the Korn Kobb copper property in Arizona by making option and acquisition expenditures and paying a residual royalty on production to the vendor.Corner Bay has, …
Silica deposit discovered in Quebec
Drilling results have delineated probable reserves of 11.6 million tonnes of high-silica quartzite on the De Salaberry Twp., Quebec, property of Bruneau Minerals (ME).The deposit, which is minable by …
Meetings (June 12, 1995)
MEETINGSJune 19, Canadian Mining — annual, generalJune 19, Cross Lake — annual, generalJune 19, Dalmatian — annualJune 19, DRC — annual, generalJune 19, Golden Dividend — annual, generalJune 19, …
Glimmer raises funds for Hislop
Junior Canadian Golden Dragon (VSE) will acquire 200,000 shares of Glimmer Resources (VSE) priced at $1 per share.The funds raised will be added to Glimmer’s working capital and fund a preliminary fea…
Quebec juniors conclude Auclair joint venture
Silver Century Explorations, an affiliate of Agnico-Eagle Mines (TSE), has concluded an option agreement with two Quebec-based juniors, Explorations Diabior (TSE) and Virginia Gold Mines (ME).The agre…
Patrician forms joint venture
Details of a proposed joint- venture agreement between South African gold-producer JCI and Patrician Gold (ASE) on three of Patrician’s Tanzanian properties have become available.JCI has the option to…
Mill City and MacDonald assess Golden Hill project
An initial drilling program is under way at the Golden Hill project, situated within the 2,000-sq.-km Florencia-Jobabo concession near Camaguey, Cuba.Partners Mill City Gold Mining (VSE) and MacDonald…
Geomaque Explorations set to buy San Francisco gold royalty
Financing for the previously announced purchase of a 50% back-in option and a buy-back of a 3% royalty interest on the San Francisco gold property has been arranged by Geomaque Explorations (TSE).Geom…