COMMENTARY — The resource sector and the budget
The Hon. Paul Martin, federal minister of finance, wrote the following at the invitation of Keep Mining In Canada, a national grassroots campaign designed to increase public awareness of the importanc…
News
Doromin’s Specogna is suspended by B.C. regulators
The British Columbia Securities Commission has prohibited Marino Specogna, a director of Doromin Resources (VSE), from participating in the securities market and acting as a director or officer of any…
PEOPLE — ABER RES. — John Lamacraft appointed director.
ADIKANN — Barry Coughlan elected director.ALPINE EXPL. — Douglas MacQuarrie appointed director.AMERICAN BULLION — John Heathcote appointed director.BARD SILVER & GOLD — Eugene Beukman appointed di…
Gem River acquires tourmaline project
Following an agreement in principle, Gem River (ASE) will acquire Jean Boulle’s 100% interest in Maine Resources.The deal will see Boulle, co-chairman of Diamond Fields Resources (TSE), receive 500,00…
Pacific Amber expands Indonesian presence
The signing of a memorandum of understanding to acquire 112,000 hectares in West Kalimantan marks the fourth property acquisition for Pacific Amber Resources (VSE) in Indonesia.Under the agreement wit…
Fairstar to fund Ghanaian exploration
Following exploration of its Benso concession in Ghana, Fairstar Explorations (ME) has entered into a $6.5-million agreement to fund further work.The 150-sq.-km concession is on the eastern side of th…
South Atlantic gains rights to review Zairian prospects
An agreement with Sominex, a company based in Zaire, gives South Atlantic Diamonds (VSE) the exclusive right to review seven diamond mining prospects in West Kasai.The company is paying Sominex US$25,…
Monopros resumes work at Misty Lake
Exploration is about to begin on the 216,000-acre Misty Lake kimberlite property in the Northwest Territories.Monopros, which can earn an initial 51% interest by spending $4.7 million over five years,…
FINANCING (April 01, 1996)
Stampeder Exploration — 10,000,000 shs @ $5.00 per sh.
NEWS IN BREIF
Minerva Gold Mines (MVM:VSE) has changed its name to Consolidated Minerva Gold Mines (MNV:VSE) on a 1-new-for-3-old-share basis.
Bema, Arizona Star expand Cerro Casale
Deep drilling on the Aldebaran property in north-central Chile is confirming the presence of a high-grade oxide deposit below the known Cerro Casale deposit.As a result, joint-venture partners Arizona…
Stroud confirms extensions at Leckie
A drill program at the Leckie property near Temagami, Ont., has extended the strike length of the known gold mineralization to 365 from 330 metres.Ten diamond drill holes intersected mineralization wi…