Six drills active on Ramrod projects
At least six drilling rigs are now active on various properties held by Consolidated Ramrod Gold (TSE) in western North America and Mexico. Among the more recent programs to get under way is a 2,000-m…
News
LATIN AMERICA ROUNDUP — Campbell budgets extra San Luis
Initial drill results from a program at the San Luis gold property in Sonora, Mexico, indicate the presence of at least two near-surface zones of mineralization, potentially minable by open pit, with …
Kingswood in option deal with Nemiscau
Kingswood Resources (ASE) has signed an agreement with Nemiscau Mines, a subsidiary of Inco (TSE), to earn a 100% interest in a 6-claim property 120 miles north of Matagami, Que. Surrounded by Kingswo…
Deak secures feed from Astoria
Toronto-based Deak Resources (TSE) recently signed two deals designed to secure future feed for its Kerr mill at Virginiatown, Ont. In Quebec, the gold miner has negotiated an option-royalty agreement…
LATIN AMERICA ROUNDUP — Azco drilling Piedras Verdes
Encouraging results have been obtained from the drilling of the wholly owned Piedras Verdes copper-oxide project in southern Sonora, Mexico, Azco Mining of Colorado reports. The company says the work …
Minerex doubles Aurora reserves
An ongoing exploration program has doubled ore reserves and further extended the life of the Aurora Partnership mine operated by Minerex Resources (TSE) in Mineral Cty., Nev. The 16,000-ft. drill prog…
Bard ends negotiations
Negotiations were recently terminated between Bard Silver and Gold (VSE) and Stewart Blusson in connection with a previously announced reverse takeover of the company. The company intends to seek resu…
INSIDER TRADING — Gummer profits from Rhonda rally
Driven by its growing portfolio of base metal, gold and diamond prospects, Rhonda Mining (ASE) jumped from 40 cents in mid-April to a high of $4.30 recently. In late July, President Peter Gummer took …
Dufresnoy proposes reverse stock split
The board of directors of Dufresnoy, Societe d’Exploration Miniere (ME) have proposed a reverse split of the capital stock of the company based on a ratio of five class A shares for one new common sha…
Drill program for Omega project
A 5,000-ft. drilling program will be undertaken by Hemlo Gold Mines (TSE) on the Omega property east of Kirkland Lake, Ont., Greater Lenora Resources (TSE) reports. Hemlo Gold may earn a 60% interest …
Audrey accounting practices criticized
Charges by a Montreal accounting professor that Audrey Resources (TSE) inflated earnings statements to entice investors have been denied by Audrey President Guy Hebert. The Montreal Gazette, a Southam…
EDITORIAL PAGE — A truly regional Senate
There is an opportunity for Canada’s Constitution “fixers” to make the proposed new Senate truly representative of the country’s regions. But if they stop at simply giving provinces equal representati…