Dentonia eyes Mongolian interest
Under an agreement with Mongolrostsvetmet, a Mongolian-Russian joint venture, Dentonia Resources (VSE) can earn an initial 70% interest in the Asgat silver-copper property by placing it in production….
1995
STOCK MARKETS — BQ losses in by-elections add grit to TSE
Recent Liberal wins in hotly contested federal by-elections were welcome news to investors, which helped the Toronto Stock Exchange post a modest gain during the 5-day report period ended Feb. 14. The…
Hemlo drilling Timmins area play
Project operator Hemlo Gold Mines’ (TSE) has resumed drilling on the Sewell-Reeves gold property southwest of Timmins, Ont. The property covers a 22-km-long portion of the Destor Porcupine fault zone …
Sikaman Gold Resources buying andalusite mine
Toronto-based Sikaman Gold Resources (TSE) has signed a letter of intent to acquire up to a 100% interest (and no less than 75%) in a South African andalusite mine. The deal was struck with Enro Energ…
Echo Bay eyes Aquarius play
After several years of inactivity, the Aquarius gold property east of Timmins, Ont., is back in the news. Senior gold producer Echo Bay Mines (TSE) has signed a letter of agreement with LAQ Canada, a …
Opportunity expires for Barrick Gold
Senior producer Barrick Gold (TSE) has elected not to exercise its warrants to buy 1.1 million common shares of Canarc Resource (TSE) at $4.57 per share. As a result, Barrick’s right of first opportun…
Pacific Comox trenching in Ghana
Trenching within a geochemical gold anomaly on the Adansi-Asaasi concession in Ghana is yielding higher gold values than those received by channel samples taken from old underground workings of the pa…
Crystallex pours gold
Almost 6,000 oz. gold was produced from last year’s bulk-sampling program at the Albino property in Venezuela’s Kilometre 88 region. Gold dore sold by Crystallex International (VSE) to the country’s c…
Mobrun reserves up as production starts on schedule
The year began auspiciously for Audrey Resources (ME). Not only did the Mobrun polymetallic mine enter production on schedule and under budget, minable reserves rose by 16%. Situated 30 km northeast o…
Royal Oak expects production rise
Gold production for Royal Oak Mines (TSE) reached 318,236 oz. in 1994, and is expected to rise to 425,000 oz. in 1995 at a projected cash cost of US$290 per oz. Throughput at the Colomac mine in the N…
Major General makes Nfld. plans
Having received final drill results from its properties near Springdale, Nfld., Major General Resources (VSE) intends to continue exploring its 564 claims in the area. The claims cover a 15-km strike …
INSIDER TRADING — San Fernando officers make share
Two senior officers of San Fernando Mining (VSE) completed share transactions in December. According to the Ontario Securities Commission’s OSC Bulletin, senior officer David Duval bought 1,000 shares…