Corrections (December 18, 1995)
A report in our Dec. 11 issue listed an incorrect bulk-sample grade of 10.91 carats per tonne from AfriOre’s Kareevlei Wes diamond property. The correct grade is 10.91 carats per 100 tonnes.
News
CanGold teams with Kazakhstan Goldfields
Kazakhstan Goldfields, a private, Ontario-based corporation, has merged with Amalgamated CanGold (TSE).The deal, which takes effect Dec. 31, is subject to regulatory and shareholder approval.Through i…
Barrick to fund Anacoco gold projects
An agreement has been reached whereby shares of Chesbar Resources (ME) will be privately placed with Barrick Gold (TSE), and the proceeds used to fund exploration of Chesbar’s gold properties in easte…
Casmyn expands ground in Zimbabwe
Casmyn, which trades over the counter, has signed two option agreements for gold properties in south-central Zimbabwe.One of the deals was made with Zimbabwe-based Olympus Gold Mines, which owns a 690…
STOCK MARKETS — Atna, Nickelodeon bright spots in dim market
After entering the December month on an upswing, western markets edged downward over the report period ended Dec 12. The Vancouver Stock Exchange resource index slipped 5.44 points to close at 1,265.1…
Tyler hopes for Heart of gold
Two drills are working at the Weedy Lake property, northeast of La Ronge, Sask.Operator Tyler Resources (TSE) and Golden Rule Resources (TSE) have budgeted $572,000 for 5,545 metres of drilling.Previo…
Index (December 18, 1995)
DEPARTMENTSCareersClassified AdvertisingDiamond DrillersDiamond NewsDividendsEditorialsFacts & FiguresInsider TradingInvestment CommentaryMetal PricesObituaryOdds ‘n’ SodsPeopleProfessional DirectoryS…
Takla extends Bolivian gold program
Preliminary exploration work on the Orko Pina project in Bolivia has prompted Takla Star Resources (ASE) to plan additional work.Exploration work outlined a 2.2-sq.-km soil, stream sediment, alluvial …
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…
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…