Crystallex sweetens Eurus deal
An amendment to the previously announced merger of Eurus Resource (VSE) and Crystallex International (VSE) sweetens the pot for Eurus shareholders.They will now receive one share and one warrant of Cr…
1995
Echo Bay, Canarc join forces to explore Guyanese project
Gold producer Echo Bay Mines (TSE) has acquired a 10.5% stake in Canarc Resources (TSE) and chosen the Baramita gold property in Guyana for further exploration.The senior acquired the interest by purc…
FMC Gold slips in first quarter
A decline in production resulted in a first-quarter loss for FMC Gold (NYSE).The closure of the Royal Mountain King mill, combined with a slowdown in heap leaching at the Paradise Peak mine in Nevada,…
Verdstone, Amcorp land moly property
Partners Amcorp Industries (VSE) and Verdstone Gold (VSE) are acquiring a molybdenum project in British Columbia in return for $5,000 plus 100,000 shares each.The companies are conducting additional s…
New CaribGold showing in Cuba
Surface work at the Sierra Maestra Oriental gold concession in eastern Cuba has uncovered a new discovery, CaribGold Resources (TSE) reports.Mapping and airborne geophysics, along with rock sampling, …
Great Lakes, Geomaque merger talks end
Discussions involving a proposed merger between Great Lakes Minerals (TSE) and Geomaque Explorations (TSE) were recently terminated by Geomaque’s board.This development puts on hold plans to merge the…
Potential of Argentina attracts foreign miners
Recent events in Argentina have convinced many Canadian companies that South America’s exploration potential is not restricted to Chile.Argentina is the second-largest country in South America, occupy…
NEWS IN BRIEF (May 08, 1995)
Broadlands Resources (BOD:VSE) and Shorewood Exploration (SWX:VSE) have amalgamated to form International Broadlands Resources (IBR:VSE). Broadlands and Shorewood shareholders received one new share f…
Crown rejects merger offer
Junior Crown Resources (TSE) has rejected a merger proposal by Battle Mountain Gold (NYSE), claiming it is not in the best interest of its shareholders.The proposal was offered in mid-April, somewhat …
NDU, Cash team at Ruby Range
A joint-venture agreement with Cash Resources (VSE) paves the way for NDU Resources (VSE) to earn a half interest in the Ruby Range gold property in southwestern Yukon.To do so, NDU must pay $150,000 …
Channel expands African holdings
While it continues to explore its gold concessions in Burkina Faso, West Africa, Channel Resources (TSE) is acquiring interests in two additional properties in the area.By gaining a 95% stake in these…
Vancouver hosts annual convention — Drillers discuss variety of topics
Computerization, regulation and foreign projects were among the many topics discussed at the 52nd annual meeting and convention of the Canadian Drilling Association, held here recently.Technical paper…