News

To finance work at its Brookbank gold property near Beardmore, Ont., Ontex Resources (ASE) plans to make a rights offering. In so doing, the junior hopes to raise $835,000. Each Ontex shareholder will…

Terry Eller elected vice-president, secretary and general counsel.

Rodney Duncan appointed director, president and chief executive officer; Michael Iannacone appointed director and chief financial officer; Jose Furnaguera Castellon, Robert Kendrick, Seven Kerr, Danie…

With positive results in hand from an independent feasibility study, Canyon Resources (NASDAQ) says mine development could begin this fall at the Briggs gold project in southeastern California. Constr…

An agreement-in-principle has enabled privately owned Santa Elina Gold to gain control of Arauco Resources (VSE). Santa Elina, a medium-size gold producer with holdings in Brazil and Bolivia, reached …

In Tanzania, Bakertalc (ME) has acquired a 90% interest in the Lupa gold property from Tanzania Diamond Mines. It can also acquire that company’s interests in other gold and diamond properties. Bakert…

Initial results from 5,000 ft. of drilling on the Buffalo Valley project in Nevada are confirming the presence of gold mineralization along the Front Fault. Fairmile Acquisitions (VSE), which can acqu…

Cynthia Avelino appointed president and director; Walter Clemens, William Daly, Jack Milligan and David Stewart elected directors.

Chet Idziszek and Arthur Luney appointed directors.

David Smith appointed vice-president and chief financial officer; Bruce Hansen appointed senior vice-president, corporate development.

Franz Scheidz and Paul Joseph McGuigan appointed directors.

Australian-based Ashton Mining of Canada (TSE) has discovered a third kimberlite near Attawapiskat River in northern Ontario. The company is earning a 51% interest in the project, which is 70% owned b…