NEWS ROUNDUP — Ontex plans rights offering
To finance work at its Brookbank gold property near Beardmore, Ont., Ontex Resources (ASE) plans to make a rights offering. In so doing, the junior hopes to raise $835,000. Each Ontex shareholder will…
1994
PEOPLE — MK GOLD
Terry Eller elected vice-president, secretary and general counsel.
PEOPLE — VENORO GOLD (May 23, 1994)
Rodney Duncan appointed director, president and chief executive officer; Michael Iannacone appointed director and chief financial officer; Jose Furnaguera Castellon, Robert Kendrick, Seven Kerr, Danie…
Study calls for Briggs development
With positive results in hand from an independent feasibility study, Canyon Resources (NASDAQ) says mine development could begin this fall at the Briggs gold project in southeastern California. Constr…
LAST BUT NOT LEAST — Arauco control changes
An agreement-in-principle has enabled privately owned Santa Elina Gold to gain control of Arauco Resources (VSE). Santa Elina, a medium-size gold producer with holdings in Brazil and Bolivia, reached …
LAST BUT NOT LEAST — Bakertalc options Tanzanian gold play
In Tanzania, Bakertalc (ME) has acquired a 90% interest in the Lupa gold property from Tanzania Diamond Mines. It can also acquire that company’s interests in other gold and diamond properties. Bakert…
LAST BUT NOT LEAST — Fairmile confirming Buffalo gold
Initial results from 5,000 ft. of drilling on the Buffalo Valley project in Nevada are confirming the presence of gold mineralization along the Front Fault. Fairmile Acquisitions (VSE), which can acqu…
LETTER TO THE EDITOR — Determining gold content in samples
During the past year, your paper has covered, with appropriate caution, reports of unusual gold mineralization from Fort MacKay in Alberta, Brookfield in Nova Scotia and a property in Arizona. The rep…
THE DIAMOND PAGE — American Gem completes $7.3-million
American Gem (TSE) has completed a $7.3-million Euroequity offering. The placement, consisting of 1.5 million shares at $4.88 per share, was arranged by IBK Capital, a Toronto-based investment banking…
NEWS ROUNDUP — High River, TVX to advance Snow Lake
Directors of High River Gold Mines (TSE) have agreed to let TVX Gold (TSE) acquire a half interest in the Snow Lake gold property in northern Manitoba. TVX must cancel all its 6 million shares, arrang…
NEWS ROUNDUP — IGR options Ghanaian gold concessions
Toronto-listed International Gold Resources intends to buy two additional concessions in Ghana. The Mpatasie property comprises 31 sq. miles and is contiguous with the recent gold discovery made by Ki…
New Island ups reserves at Nfld. gold play
A new geological resource has been calculated for the Glover Island gold property in western Newfoundland. Partners New Island Minerals (ASE) and Newfoundland Goldbar Resources (CDN) report that analy…