Crown Butte raises $10 million
A private placement will provide Crown Butte Resources (TSE) with $10.7 million for ongoing work at its New World gold-copper-silver project in Park Cty., Mont. The company is 60%-owned by Hemlo Gold …
News
Gowest, Premium enter option deal in Nevada
Partners Gowest Amalgamated Resources (ASE) and Western Premium Resources (VSE) have signed an agreement whereby each may earn a 35% interest in three gold properties in north-central Nevada. The part…
Cambior gives green light to Carlota copper project
The Carlota project in east-central Arizona is to start producing copper in the first quarter of 1995, Cambior (TSE) reports after having approved a feasibility study. Engineering and the construction…
Development work continues at Louvicourt base metal project
The well-attended annual meeting of Aur Resources (TSE) in Toronto heard upbeat news about base metals development in Canada. The massive Louvicourt deposit, being developed by Aur and its partners, i…
LATIN AMERICA ROUNDUP — Sutton plans Guyana program
Drilling is to start shortly at the Marudi gold project of Sutton Resources (VSE) in south-central Guyana. The program will test geological/geophysical targets within an extensive gold-in-soil anomaly…
LATIN AMERICA ROUNDUP — Exall raises project financing
Proceeds of $5.58 million are reported by Exall Resources (TSE) from a private placement involving special warrants. The company will fund option payments and exploration and development relating to M…
Arizona Star receives funding
A brokered private placement will enable Arizona Star Resource (VSE) to fund additional exploration on the Aldebaran gold property in Chile. The placement totals 1.5 million units at 60 cents per unit…
PDAC convention acquires an international flavor
With so many Canadian companies active in Latin America and other foreign locales, this year’s convention of the Prospectors and Developers Association of Canada (PDAC) had a distinctly international …
Order of Canada for MacMillan
A past president of the Prospectors and Developers Association of Canada (PDAC), Viola MacMillan will be presented in April with the Order of Canada. MacMillan, 90, is a member of the Canadian Mining …
Corner Bay hits more high grade
A 3,400-metre definition drilling program at the Main Zone copper property, near Chibougamau, Que., has intersected high-grade copper mineralization over strong widths. Soquem is earning 30% of the pr…
LATIN AMERICA ROUNDUP — Manhattan lands Mexican option
Manhattan Minerals (VSE) has an option to acquire the Reyna de Oro Mineral concessions in Chihuahua, Mexico. It must spend US$2.5 million over five years and make graduated payments totaling US$300,00…
Feasibility study for Madsen mine
Toronto junior Madsen Gold (TSE) is conducting a feasibility study on its property near Red Lake, Ont. Funds are provided by a provincial government Norfund grant and a flow-through share issue. Prove…