Cazador’s option on BT extended
VSE-listed Cazador Exploration’s option to acquire 49% of the BT gold deposit near Lynn Lake, Man., has been extended, giving it breathing room to fulfil its commitments to the Keystone joint venture….
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Stade buys shares
Calgary-based Golden Rule Resources (TSE) has agreed to buy 2.5 million units of Stade Exploration (ASE) at 26 cents per unit. Each unit will consist of a class A share and a share purchase warrant. O…
Placer Dome advances Pipeline
As manager and 60%-owner of the Cortez joint venture, Placer Dome (TSE) is seeking state and federal permits to build a 4,600-ton-per-day mine and metallurgical plant at the Pipeline gold deposit in N…
PEOPLE — CORRIENTE RESOURCES (July 19, 1993)
N. Smith appointed director.
PEOPLE — BEMA GOLD
Roger Richer appointed president and director; Kim Phillips appointed director; Clive Johnson and Barry Rayment appointed directors.
NEWS ROUNDUP — Chesbar, Spirit L. boost Venezuelan ground
Two Montreal-listed juniors, Chesbar Resources and Spirit Lake Resources, have agreed to acquire a private Venezuelan company which holds 2,100 hectares in the Bochinche gold mining area. Called Los P…
PRODUCER PRICES (July 19, 1993)
ALUMINUM: MW U.S. market US57.25-58.00 cents per lb. (July 8, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992…
AROUND THE GLOBE — Gold intersected at Mali property
Gold intersections have been reported during an initial phase of drilling on the Niaouleni concession in Mali, West Africa. The property is under option to Viceroy Resources (VSE), which can earn a 70…
Northern Crown adds to Mexican holdings
By acquiring an option on the 2,200-hectare Mesa property in Sonora state, Northern Crown Mines (VSE) has added to its holdings in Mexico. To earn the interest, the company must pay US$225,000 over fi…
NEWS ROUNDUP — Ramrod adds to Cranbrook ground
Toronto-listed Consolidated Ramrod Gold has added to its ground position near Cranbrook, B.C., by entering an agreement to acquire the St. Joe claims, which lie north of its FORS and Vine properties. …
ODDS’N’SODS — Arctic site once inhabited
To the untrained eye, the Tasiariluk site on Little Cornwallis Island, N.W.T., does not represent an imposing spectacle. Its only distinguishing feature seems to be a few small patches of sparse veget…
Gignac to chair MAC
Louis Gignac, chief executive officer of Cambior (TSE), has been elected chairman of the Mining Association of Canada (MAC). He replaces Placer Dome’s Anthony Petrina who recently retired. In his open…