Bolivar sees production potential
The indicated and inferred resource in three zones at the Tomi concession in Venezuela’s El Callao region is now believed to exceed 2.7 million tonnes grading 5.42 grams gold per tonne. Bolivar Goldfi…
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Ecuadorian ups Gaby interest
Changes to a joint-venture agreement provide Ecuadorian Minerals (TSE) with an option on the remaining half interest in the Gaby porphyry gold project. The Vancouver-based junior already holds an opti…
Geddes raises cash by offering
A rights offering is expected to raise $1.6 million for Geddes Resources (TSE). The company plans to use some of the proceeds to fund its working capital deficit. Shareholders will be able to buy one …
Viceroy sinks debt, focuses on Africa
With a prepaid shipment of gold from the Castle Mountain mine in northern California, Viceroy Resources (TSE) has eliminated its gold loan 14 months ahead of schedule. The shipment amounted to about 9…
EDITORIAL PAGE — NRC’s `strategic renewal’
Natural Resources Canada Minister Anne McLellan, together with other cabinet ministers, has been busy selling the 1995-96 federal budget. So far, it has been a relatively easy sell, as most Canadians …
Gold Vessel cuts high grade
A third round of drilling on the Choco-6 gold property in Venezuela has intercepted high-grade gold mineralization for Vancouver-based junior Consolidated Gold Vessel (VSE). Six holes were drilled on …
Nixon Fork receives gold loan
A gold loan, amounting to 47,731 oz., has been granted to Nixon Fork Mining, subsidiary of Consolidated Nevada Goldfields (TSE), for its new Alaskan mine. The 27-month loan has a dollar value of US$18…
ODDS’N’SODS — Not-so-deluxe quarters
I have slept in many strange rooms over the years. However, my sleeping quarters in the mill building at the Granduc mine in British Columbia proved to be an experience to cherish. Development work on…
Monarch Resources takes flight
Having carried out several airborne geophysical surveys, Monarch Resources (TSE) is poised to embark on an exploration effort in the Argentine province of San Juan. The Bermuda-registered company has …
Metallica closes mine purchase
The purchase of a Mexican company provides Metallica Resources (CDN) with exposure to the famous Cerro San Pedro mining district. The Toronto-based junior now holds options to buy 25 concessions, tota…
Dakota Mining boosts reserves
Assays from a drill program last fall allowed Dakota Mining (TSE) to increase the oxide reserve at its Gilt Edge gold mine near Deadwood, S.D. The proven and probable figure has expanded by 34%, risin…
Partners boost Yanacocha stake
Following a court ruling in their favor, Newmont Gold (NYSE) and its Peru-based partner, Buenaventura, will increase their ownership of the Yanacocha gold mine. The move comes after an attempt by Bure…