Green light for tailings project
An arbitration tribunal has ruled in favor of Goldstake Explorations (TSE) regarding a joint-venture gold tailings project in South Dakota. The junior says project partner Homestake Mining (NYSE) has …
1995
Eastfield exploring in Nevada
Preliminary exploration is under way on the Tonopah project of Eastfield Resources (VSE) in western Nevada. The optioned Hill-of-Gold deposit and 89 surrounding claims that constitute the project comp…
Mink lands exploration funds
A private placement will provide Mink Mineral Resources (VSE) with US$8.25 million to fund further work on projects in Mali, West Africa. The placement includes US$2 million through the sale of shares…
Crown appealing Warren conviction
The Crown says it will appeal the murder conviction of Roger Warren in the 1992 explosion at the Giant gold mine in Yellowknife, N.W.T., that left nine miners dead. Warren was convicted in January on …
BOOK IN REVIEW — Opportunities in China
China: Emerging Minerals Opportunities, by Metals Economic Group, Box 2206, Halifax, N.S. B3J 3C4. $7,500 (plus GST for Canadian-based companies). The study builds on Metals Economics Group’s 1994 edi…
La Rock drilling Brandywine
A 4,000-ft. diamond drill program on the Brandywine property, 25 miles north of Squamish, B.C., has encountered gold mineralization. La Rock Mining (VSE) is testing the extension of the Dave’s Pond zo…
Oliver drilling at Fairview
Diamond drilling has outlined a high-grade gold resource at the Fairview property in the southern Okanangan Valley of British Columbia. The 28-hole program, which totalled 12,707 ft., was carried out …
Carson Gold acquires Yunnan Mining
Vancouver-based Carson Gold (VSE) is making its presence known in southern China. The junior acquired 2 million shares of Yunnan Mining, a private company which holds interests in, and exploration and…
NEWS ROUNDUP — Golden Star drops Esperance
The French subsidiary of Golden Star Resources (TSE) has decided not to buy the Esperance gold property in the northwestern part of French Guiana. Guyanor Ressources had an option agreement with curre…
NEWS ROUNDUP — Gold Reserve to increase holdings
Spokane-based Gold Reserve (TSE) plans to acquire the Brisas concession in the Kilometre 88 region of Venezuela. Until now, the company has held a 75% direct and a 16% indirect interest in the propert…
Vengold active in Venezuela
Preliminary drill results from the Bizkaitarra gold concession in Venezuela’s Kilometre 88 region are encouraging for partners Vengold (TSE) and Queenstake Resources (TSE). To date, results from five …
NEWS ROUNDUP — Barrick tops list of gold producers
Million-ounce gold producers in North America numbered four last year, with Barrick Gold (TSE) leading the way. Barrick swallowed Lac Minerals in a corporate takeover last summer, and their combined p…