Local authorities foreclose on Kerr
McGarry Twp. in eastern Ontario has foreclosed on the Kerr gold mine because owner AJ Perron Gold failed to pay more than $2 million in back taxes.In late February, local authorities held an auction d…
News
Indochina boosts private placement
The private placement announced by Indochina Goldfields (ING-T) in February has risen to $90 million, following an increase in the number of $18 units to 5 million from 3.5 million.When the placement …
EXPLORATION 1997 — Sulphide resource adds new dimension to Homestake’s Jeronimo property
By 1999, the Chilean subsidiary of Homestake Mining (HM-N) expects to be producing 45,000 oz. gold per year from the Jeronimo deposit on the Agua de la Falda property.Situated near Homestake’s produci…
EXPLORATION 1997 — Guyanor drills St-Elie gold project, persists at Dachine diamond property
Determined to outline a gold mine in French Guiana, joint-venture company Societe des Mines de St-Elie has begun a new diamond drill program on the St-Elie project.St-Elie, the company, is operated jo…
Conference to focus on latest exploration technology
A conference on geophysical and geochemical exploration technology will be held from Sept. 14 to 18 at the Metro Toronto Convention Centre.Entitled “Exploration ’97: The Fourth Decennial Conference on…
PEOPLE — BUS HOLDINGS
R. Thast appointed interim president; David DeWitt and Gregg Sedun appointed directors.
EXPLORATION 1997 — America Mineral Fields committed to resuscitating Zairian zinc mine
At the Kipushi zinc-copper mine, a few minutes’ drive from Lubumbashi and a short walk from the Zambian border, it is hard not to be reminded of the faded glory of Zaire’s copper belt. For here, a mam…
EXPLORATION 1997 — Arauco shifts focus from Chile to George Lake and Back River in N.W.T.
Toronto-based Arauco Resources (ARU-V) is abandoning its grassroots properties in Chile for an advanced gold project in Canada’s Far North.Arauco, which raised $23.6 million recently, has agreed to bu…
PEOPLE — BRIGADIER GOLD (March 10, 1997)
Herbert Kototow appointed president and director; Ken Wolfson, Allan Will and Barry Nash appointed directors.
EXPLORATION 1997 — William Resources tackles Swedish and Finnish projects
Toronto-based William Resources (WIM-T) will soon begin a US$4-million program aimed at testing several gold properties in Sweden and Finland.In December 1996, following its takeover of Swedish-based …
EXPLORATION 1997 — Costa Rican work pays off for Lyon Lake
Sampling by Lyon Lake Mines (LLL-M) at the Canamazo concession on Costa Rica’s Beta Vargas gold property has revealed five areas of gold mineralization.Recent results have enabled Lyon Lake to identif…
Noranda consortium eyes Zambian mines
Consortiums have started to coalesce among the qualified bidders for the assets of Zambia Consolidated Copper Mines (ZCCM), the mining company in which the Zambian government holds a 60.3% interest.Th…