News




Bolivar Goldfields to spend $5-million

VSE-listed Consolidated Cassandra Resources plans to spend US$5 million exploring its new land package in Bolivar state, Venezuela. The company is expected to change its name to Bolivar Goldfields to …


NEWS ROUNDUP — Deak pours first Astoria brick

The first gold brick from the Astoria gold mine in northwestern Quebec was poured recently by Deak Resources (TSE). Ore from the Yorbeau project near Rouyn-Noranda, Que., is being trucked to Deak’s Vi…


NEWS ROUNDUP — Eden Roc drills at Anuiri mine

By drilling on its gold project in Ivory Coast, Eden Roc Mineral (TSE) hopes to be able to confirm reserves and thereby triple production. Eden Roc has a 68% interest in Societe des Mines d’Afema, own…


NEWS ROUNDUP — Lyon Lake plans work program

Most of the proceeds of a rights issue will be used to pay for a feasibility study of the Beta Vargas gold concession in Costa Rica, Lyon Lake Mines (ME) reports. The rights issue, available only to Q…


Drilling extends Botija deposit

The first three holes drilled in this year’s second-phase exploration program are expected to increase the geological resource of a deposit on the Petaquilla project in Panama. All three holes at the …


Pathfinder options Buckhorn

Under an option agreement, Pathfinder Resources (VSE) can earn a 53-80% interest in the Buckhorn gold property from Equinox Resources (TSE). To do so, it must finance Equinox’s share of future expendi…


Glamis boosts gold production

Production of 77,882 oz. gold in fiscal 1993 enabled Glamis Gold (NYSE) to chalk up a 2% increase over 1992 production of 76,474 oz. Glamis operates two heap-leach mines in California and recently sta…




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