Cameco options Hungarian project
Cameco (TSE) will be earning a 60% interest in the Lahoca gold property, 90 km northeast of Budapest, Hungary.The company will fund a feasibility study, to include a mineral reserve estimate and metal…
News
Laguna works Costa Rican project
The first phase of drilling has been completed at the Rio Chiquito gold project in Costa Rica, and a feasibility study is in the works.Laguna Gold, a division of Mallon Resources (NASDAQ), estimates t…
Red Chris project to enter prefeasibility
Drilling on the Red Chris copper-gold property in northwestern British Columbia has wrapped up for the year, and American Bullion Minerals (VSE) will next enter the prefeasibility phase.The company ho…
Paramount to drill in NW Argentina
Paramount Ventures & Finance (VSE) is preparing to drill its Rio Juramento project, 50 km southeast of Salta, Argentina.The property features a ridge known as Cerro del Cobre, which consists of an ext…
Dakota bullish on Stibnite’s potential
Drilling has intersected gold mineralization at the Stibnite mine near Yellow Pine, Idaho.Dakota Mining (TSE) reports that 8,000 ft. of reverse-circulation drilling cut mineralization over a strike le…
NEWS IN BRIEF (December 11, 1995)
Lasir Gold Industries Inc. (LAI:VSE) has changed its name to First Fortune Investments Inc. (FRF:VSE) on a 1-new-sh-for-10-old-shs basis.
Diabior, Virginia sample gold showings
Surface sampling of two showings at the Eastmain West property, 300 km northwest of Chibougamau, Que., has confirmed suspected widths and grades for property owners Diabior Explorations (ME) and Virgi…
Noranda and Abcourt rework Vendome deal
Noranda (TSE) and Abcourt Mines (ME) have reworked their agreement regarding the Vendome property near Val d’Or, Que.The property consists of seven lots and six half-lots in Fiedmont Twp., together wi…
Ecuadorian Minerals resumes drilling program at Gaby property
Drilling has resumed at the Gaby gold property, 70 km southeast of Guyaquil, Ecuador, and operator Ecuadorian Minerals (TSE) plans to determine grades and tonnages for prefeasibility work.Ecuadorian e…
Glimmer cancels buyout plans
Time ran out for Glimmer Resources (VSE) in its attempt to find financing for the purchase of Hemlo Gold Mines’ (TSE) interest in the Hislop-Beatty property near Matheson, Ont.The property has a gold …
Marshall sells deposit to Breakwater Res.
Toronto-listed Marshall Minerals has sold its Restigouche base metal deposit near Bathurst, N.B., to Breakwater Resources (TSE) for $3.5 million.Breakwater will issue 1.5 million common shares to Mars…
Madsen raises funds for Red Lake work
Madsen Gold (TSE) has raised more than $400,000 in two private placements.The placements comprise a total of 340,000 units, each of which consists of one common share and one common share purchase war…