Echo Bay eyes Aquarius play
After several years of inactivity, the Aquarius gold property east of Timmins, Ont., is back in the news. Senior gold producer Echo Bay Mines (TSE) has signed a letter of agreement with LAQ Canada, a …
1995
La Poposa gold play advanced
High atop the Argentine Andes, in one of most prolific gold belts in South America, Argentina Gold (VSE) is busy trenching and drill-testing targets on its La Poposa property. During a recent site vis…
NEWS ROUNDUP — Pacific Vangold adds to ground
The addition of two new exploration licences in Uganda increases Pacific Vangold Mines’ (VSE) holdings in that country to more than 9,600 sq. km. The newly acquired ground stretches along Uganda’s sou…
Opportunity expires for Barrick Gold
Senior producer Barrick Gold (TSE) has elected not to exercise its warrants to buy 1.1 million common shares of Canarc Resource (TSE) at $4.57 per share. As a result, Barrick’s right of first opportun…
Pacific Comox trenching in Ghana
Trenching within a geochemical gold anomaly on the Adansi-Asaasi concession in Ghana is yielding higher gold values than those received by channel samples taken from old underground workings of the pa…
Crystallex pours gold
Almost 6,000 oz. gold was produced from last year’s bulk-sampling program at the Albino property in Venezuela’s Kilometre 88 region. Gold dore sold by Crystallex International (VSE) to the country’s c…
Mobrun reserves up as production starts on schedule
The year began auspiciously for Audrey Resources (ME). Not only did the Mobrun polymetallic mine enter production on schedule and under budget, minable reserves rose by 16%. Situated 30 km northeast o…
Royal Oak expects production rise
Gold production for Royal Oak Mines (TSE) reached 318,236 oz. in 1994, and is expected to rise to 425,000 oz. in 1995 at a projected cash cost of US$290 per oz. Throughput at the Colomac mine in the N…
Dakota to receive gilt-edged loan
Denver-based Dakota Mining intends to borrow US$5 million from Repadre Capital (TSE) to develop an oxide deposit at the Gilt Edge gold mine site in South Dakota. The agreement consists of a US$4-milli…
Tiomin feasibility study continues
A feasibility study is in progress at the 18,000-hectare Natashquan heavy mineral sands deposit along Quebec’s northern shore. Project operator Tiomin Resources (ME) expects a 20-year mine plan to be …
Major General makes Nfld. plans
Having received final drill results from its properties near Springdale, Nfld., Major General Resources (VSE) intends to continue exploring its 564 claims in the area. The claims cover a 15-km strike …
INSIDER TRADING — San Fernando officers make share
Two senior officers of San Fernando Mining (VSE) completed share transactions in December. According to the Ontario Securities Commission’s OSC Bulletin, senior officer David Duval bought 1,000 shares…