Golden Reward expansion in jeopardy
There’s gold in them thar ski hills. And if mining permits are not granted, that is where the gold will stay.The risk that it may prove difficult to get approval for expansion of the Golden Reward min…
News
Arimetco buys Paradise Peak operation
Arimetco International (TSE) has acquired the Paradise Peak operation from FMC Gold (NYSE). The operation, situated near Gabbs, Nev., comes complete with a gold processing plant.Arimetco paid FMC US$2…
Arequipa unveils drilling results
Peruvian explorer Arequipa Resources (TSE) has revealed some encouraging drill results from its copper prospect known as Los Calatos.Situated in the southern part of the country, the property spans 8,…
Princeton lands provincial approval for Huckleberry
Regulators finally have approved development plans for the Huckleberry copper deposit near Smithers, B.C.Princeton Mining (TSE) had expected to receive the approval by early September, but the procedu…
PEOPLE — SERENGETI DIAMONDS (January 08, 1996)
Ross Blusson, John (Jack) Johnson and Ian Park appointed directors; David Tremain appointed director and president; Deborah Craig appointed director, vice-president and general manager; and Ian Brown …
NEWS IN BRIEF (January 08, 1996)
Pacific Mariner Explorations (PMR:VSE) has changed its name to Abitibi Mining (ABB:VSE).
Metallica backs into Cerro San Pedro
Toronto-listed Metallica Resources will buy a 20% back-in option on shares of a company that holds purchase options covering the San Pedro gold-silver project in northwestern Mexico. Metallica will no…
Mispec buys into Indonesian gold properties
Indonesian-based Hunamas Putra Interbuana has optioned a 7.7-sq.-km land package on Java to Mispec Resources (ME), which can earn a 45% interest in the asset.The exploration concessions lie 150 km sou…
TVX completes purchase of Greek mining assets
A subsidiary of TVX Gold (TSE) has acquired the Kassandra Mines concessions in Greece.TVX made an initial payment of US$19.5 million and will pay an additional US$28 million in instalments over five y…
GREATEST VALUE TRADED, 1995
Value($000,000s)HighLowCloseChange Barrick Gold T7010$3827 1/436+4 5/8Inco Ltd T6178$51 5/831 7/845 1/8+5Placer Dome T6122$4025///33+5/8Noranda Inc T2163$3021 1/228 …
Eden Roc acquires Marshall’s interest
Marshall Minerals (TSE) will transfer to Eden Roc Mineral (TSE) its interest in a mining exploration permit in Ivory Coast.In consideration, Marshall will receive 1.3 million Eden Roc common shares an…
NEWS ROUNDUP — Pan African plans to go public
Pan African Resources, a subsidiary of Golden Star Resources (TSE), will combine with Humlin Red Lake Mines (CDN) and establish itself as a separate, public company.The subsidiary will issue a private…