NEWS ROUNDUP — Dakota drills Gilt Edge mine
Reverse-circulation drilling has wound down on Dakota Mining’s (TSE) Gilt Edge gold mine near Deadwood, S.D. The 9,475-ft. program was aimed at extending the Anchor Hill orebody. As of December, 1993,…
1995
Mongolia Gold establishes Bumbat JV
A Mongolian state-controlled corporation is joining forces with Mongolian Gold Resources (VSE) to form the Bumbat joint venture. Its objective will be to explore for and develop gold projects. Mongoli…
NEWS ROUNDUP — Asarco, Coeur d’Alene form new company
Two New York-listed companies — Asarco and Coeur d’Alene Mines — have combined certain assets, thereby forming a new company. The new entity, known as Silver Valley Resources, holds the fully develo…
NEWS ROUNDUP — Greenstone pays off note
With mining well under way at its wholly owned Santa Rosa gold mine in Panama, Greenstone Resources (TSE) has paid off a US$5-million promissory note prior to its due date. The note, payable to Freepo…
NEWS ROUNDUP — Global Stone deals for Detroit Lime
Industrial minerals company Global Stone (TSE) acquired a 10-year lease on virtually all the assets of Detroit Lime Co. in Michigan. Global paid a US$5-million security deposit and acquired inventorie…
PEOPLE — VENCAN GOLD
Kenneth Baird appointed president and chief executive officer.
INSIDER TRADING — Manhattan directors buy and sell shares
Two directors of Manhattan Minerals (TSE) bought and sold shares in October and November. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director Peter Tegart sold 6…
ODDS’N’SODS — The chauffeur who missed Ottawa
The column (T.N.M., Oct. 10/94) on Thayer Lindsley and Karl Springer by Philip Eckman brought back memories of the many times I travelled with “T.L.” (He was rarely addressed as Thayer.) He graduated …
PDAC convention set for March
International exploration, including the diamond play, will take centre stage at the 63rd annual convention and trade show of the Prospectors and Developers Association of Canada (PDAC), scheduled for…
Canalaska adds to land holdings
In a flurry of activity, International Canalaska Resources (VSE) has acquired new holdings in Arizona and Labrador, and launched an exploration program in Panama. Canalaska joined the staking rush on …
Newmont projects higher output
Gold producer Newmont Gold (NYSE) expects to produce 1.85 million oz. in 1995, compared with output in 1994 of about 1.65 million oz. Completion of a refractory ore roaster at the company’s Carlin min…
OPAP, OMIP funds available
The Ontario government plans to make $5 million available during the 1995-96 fiscal year for exploration work, through two programs. The level of financial assistance is unchanged from the current fis…