Rea Gold records quarterly loss from operations
For the first three months ended March 31, 1996, owner Rea Gold (REO-T) recorded a loss of just under $1.2 million (or 3 cents per share), compared with a profit of $369,095 (1 cents per share) for th…
News
NovaGold continues its African expansion
Junior NovaGold Resources (NRI-T) has been increased its international exposure by optioning two gold properties in Africa.The company can acquire an unspecified interest in the projects by paying US$…
Asia raises funds for China
Asia Minerals (AMP-A) will invest $6 million from a recent private placement in the Yingezhuang gold mining joint venture in China’s Shangdong province.The partners aim to increase the mine’s annual p…
Geonova plans summer campaign
The 1996 summer exploration season is in full gear, reports Geonova Explorations (GNE-M).The junior will carry out stripping and sampling work on properties in Quebec. These include the Desjardins, Ri…
Lawsuit delays closing date of DFR-Inco deal
Diamond Fields Resources (DFR-T) has launched legal proceedings relating to the lawsuit filed against it by a group of shareholders of Texas-based Exdiam.In a news release, DFR stated it is “not in a …
Gossan options property to Tantalum
A tantalite-lithium-tin prospect held by Gossan Resources (GSS-V) near Kenora, Ont., has attracted the attention of Tantalum, a unit of Cabot, an American-based chemical company.Selected grab samples …
Indo Pacific outlines targets
Junior Indo Pacific Resources (IPF-A) has identified six widely separated, gold-bearing targets at its Kavola prospect, in a rugged portion of Papua New Guinea.All six targets are being tested by tren…
PEOPLE — BONAVENTURE RES.
Richard Burr appointed chief operating officer.
ODDS’N’SODS — A Red Lake pioneer
Prospector George Campbell’s discovery, in late 1944, of rich, visible gold on the south shore of Balmer Lake, near the town of Red Lake, caused a gold rush to northeastern Ontario.In addition to the …
COMMENTARY — Mining and rural Canada
Andy Mitchell is member of Parliament for Parry Sound-Muskoka, Ontario, and chairman of the federal Standing Committee on Natural Resources, which is holding hearings on issues related to the developm…
PEOPLE — KALIMANTAN GOLD (June 10, 1996)
Murray Clapham appointed director and president; Raymond Lee appointed director and vice-president of finance; Mansur Geiger appointed director and vice-president of exploration; David Shaw, Konrad Ba…
PEOPLE — BARD SILVER & GOLD
Donald Sheldon appointed chairman and Eugene Beukman appointed president.