News


Sikaman Gold Resources buying andalusite mine

Toronto-based Sikaman Gold Resources (TSE) has signed a letter of intent to acquire up to a 100% interest (and no less than 75%) in a South African andalusite mine. The deal was struck with Enro Energ…


Echo Bay eyes Aquarius play

After several years of inactivity, the Aquarius gold property east of Timmins, Ont., is back in the news. Senior gold producer Echo Bay Mines (TSE) has signed a letter of agreement with LAQ Canada, a …


La Poposa gold play advanced

High atop the Argentine Andes, in one of most prolific gold belts in South America, Argentina Gold (VSE) is busy trenching and drill-testing targets on its La Poposa property. During a recent site vis…


NEWS ROUNDUP — Pacific Vangold adds to ground

The addition of two new exploration licences in Uganda increases Pacific Vangold Mines’ (VSE) holdings in that country to more than 9,600 sq. km. The newly acquired ground stretches along Uganda’s sou…


Opportunity expires for Barrick Gold

Senior producer Barrick Gold (TSE) has elected not to exercise its warrants to buy 1.1 million common shares of Canarc Resource (TSE) at $4.57 per share. As a result, Barrick’s right of first opportun…


Pacific Comox trenching in Ghana

Trenching within a geochemical gold anomaly on the Adansi-Asaasi concession in Ghana is yielding higher gold values than those received by channel samples taken from old underground workings of the pa…


Crystallex pours gold

Almost 6,000 oz. gold was produced from last year’s bulk-sampling program at the Albino property in Venezuela’s Kilometre 88 region. Gold dore sold by Crystallex International (VSE) to the country’s c…


Mobrun reserves up as production starts on schedule

The year began auspiciously for Audrey Resources (ME). Not only did the Mobrun polymetallic mine enter production on schedule and under budget, minable reserves rose by 16%. Situated 30 km northeast o…


Royal Oak expects production rise

Gold production for Royal Oak Mines (TSE) reached 318,236 oz. in 1994, and is expected to rise to 425,000 oz. in 1995 at a projected cash cost of US$290 per oz. Throughput at the Colomac mine in the N…


Development plans for 543-S project

Joint-venture partners Great Lakes Minerals (TSE) and Brookline Minerals (VSE) will begin developing the 543-S copper project in Michigan’s Keweenaw Peninsula. Brookline will fund the $5.5-million, 3-…


Battle Mountain boosts earnings

New York-listed Battle Mountain Gold earned US$2 million in the fourth quarter of 1994, compared with a loss of US$400,000 for the same period in the previous year. This raises net income for the year…


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