FreeGold reports Golden Summit holes
VSE-listed International FreeGold Mineral Development has completed a second round of drilling on the Dolphin zone at its 26,000-acre Golden Summit project, 20 miles northeast of Fairbanks, Alaska.Fre…
News
Demand adds to its holdings in the Yukon
Additional staking is expanding the ground position of Demand Gold (VSE) in the Wolverine Lake-Kudz Ze Kayah area of southeastern Yukon.The company acquired a 68-claim block covering a broad magnetic …
Swiss gold sought by Isleinvest
As a first step in the expansion of its activities, Isleinvest (ASE) has agreed to acquire the Swiss mining claims and related assets of Societe d’Exploration d’Or Helvetique of Toronto.Subject to the…
Index (March 18, 1996)
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New massive sulphide zone at Balsam
A drill hole has intersected a massive sulphide zone at Saskatchewan’s Balsam project, 60 km southwest of Flin Flon, Man.The project is a joint venture of Troymin Resources (ASE) and Aur Resources (TS…
Patrician and JCI to form alliance
South African-based JCI intends to acquire up to a 20% interest in Patrician Gold Mines (ASE).The senior producer has signed a letter of intent to buy 2 million Patrician special warrants at 75 CENTS …
Casmynfinds gold in Zimbabwe
Seven new gold-bearing reefs have been found by Nevada-based Casmyn (USOTC) around the Turk mine in central Zimbabwe.The reefs cover a strike length of 240 metres, and drilling intercepted the gold mi…
Golden Knight tests prospect in Ghana
The first phase of reverse-circulation drilling has been completed on the Abore North zone at the Oda River concession in central Ghana.Forty-five holes, comprising 3,400 metres, tested a gold-mineral…
Transpacific tests zones in McGarry Twp.
Transpacific Resources (CDN) has encountered gold mineralization in two mineralized zones at its property in McGarry Twp., east of Kirkland Lake, Ont.One hole drilled in the property’s Instant Creek z…
Rea records loss, prepares for startup
During its first year of commercial production, the Mt. Hamilton mine near Ely, Nev., cranked out 30,850 oz. gold and 54,900 oz. silver for owner Rea Gold (TSE).For the year ended Dec. 31, 1995, the c…
Band-Ore prescribes pill to shareholders
High prices for its stock, combined with exploration success at its Thorne property west of Timmins, Ont., have prompted Band-Ore Resources (CDN) to propose a shareholder rights protection plan.Under …
Stellar to acquire Philippine ground
The Vancouver Stock Exchange has granted approval to Stellar Gold to acquire two nickel properties in the Philippines.The Palawan and Surigao properties contain about 187 million tonnes grading 1.4% n…