Wheaton River will sell control of YGC
Wheaton River Minerals (WRM-T) plans to sell its 61.9% interest in YGC Resources (YGC-V) in order to finance development of its Golden Bear heap-leach mine in northwestern British Columbia.Wheaton has…
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Correction (March 17, 1997)
Pangea Goldfields is listed on the Toronto Stock Exchange under the ticker symbol PGD. Incorrect information appeared in our issue of March 10, 1997.
NDT acquires property in Brazil
NDT Ventures (NDE-V) is acquiring 48,000 acres in Brazil’s Minas Gerais state, where historic garimpeiro gold workings are known to exist.NDT will pay US$945,000 in cash to the Brazilian vendor, issue…
Trillion still trenching in Mozambique
Partners Trillion Resources (TLO-T) and Greenhope Resources (GRH-M) have completed a soil and trenching program at the Muende gold property in Mozambique.The program outlined a 400-by-50-metre soil an…
Northern Crown expands gold-silver deposit in western Mexico
Drilling has expanded the Guadalupe de los Reyes gold-silver project in Mexico’s Sinaloa state, Northern Crown Mines (COB-V) reports.Results include assays from 11 holes drilled in the Zapote zone, on…
Gold Funds (March 17, 1997)
Gold Funds as of March 6, 1997BGRCentralNet Value$23.11$6.15Price$18.25$5…
Mar-West to raise exploration funds
Mar-West Resources (MSR-V) has agreed to a brokered private placement of 1.5 million special warrants at $2 each for proceeds of $3 million.Proceeds will be used to acquire and explore projects in El …
Auspex drills for gold in West Africa
Determined to outline economic gold mineralization at its Koulbaga concession in southwestern Niger, Auspex Minerals (APJ-V) has launched a 2,000-metre drill program.Over the past year, six gold anoma…
PDAC honors Felderhof and Munk
Much as it dominated the mining headlines in 1996, the Busang gold project was at the centre of the annual awards banquet of the Prospectors & Developers Association of Canada (PDAC).John Felderhof of…
First gold poured at Cortez mine
Mining at the Pipeline open-pit deposit has resulted in the first gold pour at the Cortez mine in Nevada’s Crescent Valley.The operation is a 60-40 joint venture between Placer Dome (PDG-T) and Kennec…
EDITORIAL PAGE — Avoiding conflicts
Last October, in the wake of the Cartaway Resources fiasco and other “controversial incidents” that shook investor confidence and cast a pall over otherwise buoyant equity markets, Canadian securities…
Golden Hemlock hits high-grade gold at San Jose de Gracia project
Golden Hemlock Resources (GHE-V) reports that seven holes drilled on its San Jose de Gracia property, in Mexico’s Sinaloa state, have intercepted high-grade gold values.The holes were drilled on the T…