Chutine placement for Mexico project
Toronto-based Chutine Resources (VSE) recently entered into two private placement agreements to raise $2.4 million for exploration on a 7,000-acre gold/copper property in Mexico’s Sonora Province. The…
News
Tangier expenses put Coxheath in the red
Attempts to bring their Tangier mine in Nova Scotia back into production have cost Coxheath Gold Holdings (TSE) dearly, sending the company deep into the red for the year ended Sept. 30. Coxheath repo…
I.F.C. cancels funds for Ecuador dredging
Disappointing returns from bucket-line dredging at the Los Lilenes alluvial gold operation in Ecuador have prompted the International Finance Corp. (an affiliate of the World Bank) to cancel its finan…
Placer Dome, Athena enter joint venture
After a number of deadline extensions, Placer U.S., a unit of Placer Dome (TSE), has agreed to enter into a joint venture with Athena Gold (VSE) on the Talapoosa property in western Nevada. The agreem…
Aurizon reports loss for 1989
Revenue from gold and silver sales and custom milling charges totalled almost $14.9 million, Aurizon Mines (TSE) reports for 1989, its first full year of operation. The Hughes-Lang Co., formed in Augu…
Douay Twp. drilling
Operator Inco (TSE) and its two partners at the Douay gold project in Quebec’s Casa Berardi region recently released more encouraging drilling results from nine holes of a 17-hole program. Among the b…
Sikaman, partners near production at Ghana project
Construction of facilities at the Bogosu gold project in Ghana, West Africa, is on schedule for a plant commissioning in September, shareholders of Sikaman Gold Resources (TSE) were told at the compan…
Golden Giant mine focus of lawsuit
Another lawsuit has emerged over the Hemlo gold camp in northern Ontario. Ozias Theriault and three other prospectors have filed a statement of claim in the Supreme Court of Ontario seeking to de- reg…
Kachmar resigns Dickenson post
The president of Dickenson Mines (TSE), John Kachmar, resigned his position at the company annual meeting. Kachmar, who had been with the company for nine years, including the past four years as presi…
Prime sells stake in Akiko-Lori Gold
Murray Pezim’s Prime Resources (VSE) has sold its stake in junior explorer Akiko-Lori Gold Resources (VSE) to concentrate its efforts on the high profile Eskay Creek gold play in northwestern British …
Northern Minerals estimates reserves at Gordon Lake
Based on limited drilling, Northern Minerals (TSE) is reporting a “preliminary geological reserve” of about 130,000 tons grading an average of 0.34 oz. gold per ton from two veins on the Gordon Lake p…
Liability looms for Terra Mining
Revenue Canada recently advised Terra Mines (TSE) that certain exploration expenditures incurred on the Bullmoose Lake project were invalid. Revenue Canada intends to notify investors in flow-through …