Echo Bay directors adopt rights protection plan
The directors of Echo Bay Mines (TSE) have adopted a shareholders’ rights protection plan, or “poison pill.” The plan can be enacted if any person or group acquires more than 20% of the company’s comm…
1994
Ramrod drilling tests Matthews gold property
Junior Consolidated Ramrod Gold (TSE) has released more results from an ongoing drill program at the Matthews property in the Wenatchee district of eastern Washington state. The company controls prope…
EDITORIAL PAGE — Lively bidding battle
The summer doldrums were kept at bay this year by the lively battle for control of Lac Minerals, launched by Royal Oak Mines in early July. The company recently withdrew from the bidding war, paving t…
IGR drilling at Bibiani gold project
TSE-listed International Gold Resources has completed the first phase of reverse circulation drilling at the past-producing Bibiani mine in Ghana, West Africa. Seventy-four holes, totaling 29,200 ft.,…
Progress at Tulsequah Chief
Encouraged by results from an exploration program involving both surface and underground work, Redfern Resources (TSE) has accelerated permitting and engineering feasibility studies for its Tulsequah …
Platinum mine for Zimbabwe
Australian mining company Delta Gold and the Zimbabwean government have signed a contract for a new platinum mine that represents the biggest single foreign investment in the country since its indepen…
Cons. Bonanza to acquire gold mine in Mozambique
Alberta-listed Consolidated Bonanza Metals will acquire all of the shares of Mincor Mozambique, which holds a 20-year mining licence in Mozambique. The licence contains the Monarch gold mine, which co…
Virginia Gold acquires new property
An exploration program is under way at the wholly owned Permit 936 property of Virginia Gold Mines (ME) in the Labrador Trough area of northern Quebec. The company’s newest property acquisition is adj…
Freewest options Kinbauri gold play
Montreal-based junior Freewest Resources (TSE) has agreed to earn a 60% interest in Kinbauri Gold’s Morrisette Creek gold property. The property, consisting of 30 claims northeast of Kirkland Lake, On…
TVX drilling Ecuadoran play
A 300-metre-long hole drilled by TVX Gold (TSE) at its 94%-owned Pachicutza property in Ecuador yielded an intersection that averaged 1 gram gold per tonne over 171 metres. This included a 36-metre se…
Molejon gold discovery adds to Petaquilla project
Drilling on the Molejon deposit on the Petaquilla property in Panama is returning gold values for Adrian Resources (TSE). Based on 11 holes drilled to date, indicated and inferred geological resources…
Centurion adds to Tintic area holdings
In return for cash and common stock, Centurion Mines (NASDAQ) has acquired the Grand Central mine and 70% control of Mammoth Mining, thereby securing a prospective land package encompassing about 500 …