Teck acquiring stake in Mexican gold mine
Toronto-listed Teck is acquiring a half interest in a privately owned British Columbian company with a gold mine in Mexico. The major is acquiring 1.5 million shares of Miral Gold for a purchase price…
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Cambior drilling in NW Mexico
Toronto-listed Cambior plans to spend an additional US$3.5 million exploring the Metates gold property in Mexico’s Durango state. To date, more than US$4.3 million has been spent on 25,000 metres of d…
Placer to option Breakwater’s East Amphi gold project
Toronto-listed Placer Dome can earn up to a 60% interest in Breakwater Resources’ (TSE) East Amphi gold project near Malartic, Que. Breakwater has defined a drill-indicated mineral inventory of 866,18…
Ramrod drilling Atlanta property
Underground drilling is under way on the Atlanta gold property, 60 miles east of Boise, Idaho. Consolidated Ramrod Gold (TSE) can earn a 51% interest from Atlanta Gold (TSE) by spending US$2.5 million…
Kap reaches deal with Canadian potash producers
A consortium of Canadian potash producers has agreed to participate in the Yolanda Natural Nitrates project in Chile, owned by Kap Resources (VSE). The consortium, which includes Potash Corp. of Saska…
More gold produced at Siwash
Siwash North will probably never make the top-ten list of Canadian gold mines, but the British Columbian operation is proving to be a jewel box for owner Fairfield Minerals (TSE). Situated near Merrit…
Patrician adds to Ghanaian holdings
Alberta-listed Patrician Gold Mines is acquiring two additional gold exploration properties in Ghana. As a result, the junior will hold three concessions in the West African country, covering 150 sq. …
Metall to explore Joutel property
Base metal miner Metall Mining (TSE) will earn a 70% interest in Joutel Resources’ (TSE) Joutel copper project in northwestern Quebec. The 26-claim property hosts the Joutel copper deposit, which oper…
Atlas calls off merger talks
A proposed merger between Atlas (NYSE) and three other mining companies has been nixed. Atlas, which had proposed the merger, informed the three that it no longer wants to proceed. The companies inclu…
Arequipa acquires Peruvian company
A joint venture between Arequipa Resources (VSE) and Peruvian-based Acuarios Minera y Exploradora has culminated in a merger. Arequipa increased its interest in the Peruvian company to 100% by issuing…
Inco plans production push
Strong demand for nickel has Inco (TSE) planning to increase output in 1995 by some 85 million lb. to 430 million lb. Problems in Russia, at the huge Norilsk operation and with declining domestic cons…
Tri Origin active in Australia, Ontario
Having many projects at various stages of exploration and within diverse geological terrains is one way that junior companies can reduce the risks involved with mineral exploration. It is a strategy b…