PEOPLE — CONS. VENTUREX RESOURCES
John Fraser appointed vice-president, exploration.
News
Goldbrook affiliate options gold bet
The Garden Lake gold property north of Thunder Bay, Ont., has been optioned by Weaver Lake Explorations. The 3,960-acre concession consists of eastern and western claim groups. The latter includes the…
Broadlands expands Bolivian holdings
The acquisition of the Ancohuma concession near Yani, Bolivia, gives Broadlands Resources (VSE) a second property in the country. Broadlands, which has been working on its nearby La Suerte property si…
Planned transfer of interests fails
A proposed transfer of the Magino and Magnicon mining properties to a newly formed joint exploration company will not proceed. The proposed transaction involved Flanagan McAdam Resources (TSE), McNell…
Int’l Homestead hits gold and zinc in Kirkland Lake-Larder
International Homestead Resources (VSE) is one of many companies with projects under way in the Kirkland Lake-Larder Lake camp of northeastern Ontario. Drilling to test a 6-channel, airborne electroma…
NEWS ROUNDUP — Sutton placement
A private placement of 316,305 units at $25.50 each will net Sutton Resources (VSE) about $8.1 million. Each unit includes a share, plus a 2-year purchase warrant exercisable at $25.50 in the first ye…
Drilling by Int’l Larder hits gold at Colorado play
A surface drill hole on International Larder Minerals’ (CDN) Cross mine property near Denver, Colo., has intersected gold mineralization. The hole, drilled to test the south side of a mineralized zone…
NEWS ROUNDUP — Ecudor arranges private placement
A private placement will allow Societe Miniere Ecudor (ME) to increase to 35% its stake in the Dona Lake gold mine in northwestern Ontario. The $1-million debenture placement, which has yet to be appr…
NEWS ROUNDUP — Inco reviewing Schell Ranch
Pending a review of exploration results for the past year on the Schell Ranch property, a U.S. subsidiary of Inco (TSE) is expected to resume drilling in early 1994. The property is in Calaveras Cty.,…
NEWS IN BRIEF (January 10, 1994)
Parquet Resources (PQT:ME) has changed its name to Plexmar Resources (PLE:ME) on a 1-new-for-8-old-share basis.
Miramar plans to explore Con
The Con underground gold mine near Yellowknife, N.W.T., is set to undergo major exploration. Owner Miramar Mining (TSE) expects to complete more than 65,000 ft. of drilling in 1994, with initial work …
Partners continue Beaufor work
Bulk sampling, as well as more exploration and development, is planned for the Beaufor gold project 16 miles northeast of Val d’Or, Que. The bulk sampling, say 50-50 partners Louvem Mines (TSE) and Au…