An airborne survey is being flown over the Butte Highlands property in Montana in an effort to delineate magnetic and very-low-frequency features characteristic of gold skarn mineralization tested the…
Toronto-listed Eldorado continues to enhance the overall potential of La Trinidad, a joint venture in Mexico’s Sinaloa state. The junior is earning a 51% interest in the gold property from Almaden Res…
During the past year, gold prices have been on the rise. After falling to US$326 per oz. in March, 1993, they have risen in what may prove to be the beginning of a major cyclical upward move, accordin…
A subsidiary of La Teko Resources (VSE) plans to resume exploration and development of its Ryan Lode and True North projects near Fairbanks, Alaska. About 60,000 ft. of drilling is planned in an effor…
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.
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