Bakyrchik turns to Friedland for cash
Rather than issue more shares, and thereby dilute shareholder equity, management at London-based Bakyrchik Gold has sought a partner for the continued development of the Bakyrchik deposit in Kazakhsta…
News
Drilling tests the Mampon discovery
Results are in hand for the first diamond drill hole to test the Mampon discovery at the Dunkwa property in Ghana.The hole returned an average of 0.21 oz. gold per ton over 200 ft., including 36 ft. o…
East West starts Red Lake program
Vancouver-listed East West Resource (VSE) has obtained funds to start a work program on its Heyson Twp. property near Red Lake, Ont.Line-cutting crews are on site, and have started a grid of about 40 …
Newhawk plans Nevada drilling
Reverse-circulation drilling will be applied to the Goldbanks property, 30 miles south of Win- nemuca, Nev.Newhawk Gold Mines (TSE) says the 5,000-ft. program is intended to test two targets.One of th…
EDITORIAL PAGE — Dangerous precedents
If you love trees and animals more than human beings, you will love some of the proposals brought forward by the federal government to “renew” the Canadian Environmental Protection Act. The government…
Republic announces private placement
A recent agreement sets the stage for a private individual to buy 1 million units of Republic Goldfields (VSE) at 50 cents per unit, subject to regulatory approval.Each unit consists of one common sha…
Battle looms for control of Sutton
A showdown between management of Sutton Resources (VSE) and Barbara and James Sinclair is set for April 11.The Sinclairs, who hold 1.8 million of Sutton’s 10.4 million outstanding shares, requested a …
Royal Oak hopes to reel in permits for Kemess South
Now that the fate of nine fish appears no longer to be in jeopardy, Royal Oak Mines can proceed with development of its Kemess South copper-gold project in north-central British Columbia, amongst othe…
Charles Fipke turns attention to gold exploration in Nevada
Charles Fipke, chairman of Dia Met Minerals (TSE), will oversee a gold exploration venture into Nevada.The $4-million work program will be operated by Dia Met, under the terms of a recent joint-ventur…
NEWS IN BRIEF (January 15, 1996)
Pacific Mariner Explorations (PMR:VSE) has changed its name to Abitibi Mining (ABB:VSE).
Newmont Gold opts to write down Grassy Mountain
After losing nearly a million ounces from its reserve base last year, Newmont Gold (NYSE) chose to write down its investment in the Grassy Mountain property in eastern Oregon.The major acquired the pr…
USMX moves ahead with Illinois Creek
The Illinois Creek gold project in Alaska is undergoing a feasibility study as environmental permitting is carried out.USMX (NASDAQ) hopes to have final permits in hand as early as June.The gold-silve…