Geomaque expands Mexican holdings
With the San Francisco mine pouring gold in Sonora state, Geomaque Explorations (TSE) has added to its Mexican holdings by optioning a gold-silver property in the Pachuca district of Hidalgo state, 10…
1996
Jonpol, H-L explore property near Busang
Indonesian authorities have granted approval for partners H-L Corp. (CDN) and Jonpol Explorations (TSE) to begin exploring two claim blocks in East Kalimantan.The blocks comprise 1,047 hectares within…
Wheaton raises funds for exploration
Wheaton River Minerals (TSE) has raised almost $5 million in a private placement, which it will apply to exploration and development at its Golden Bear and Ketza River projects in British Columbia.Whe…
Canmex expands its holdings in Mexico
Exploration agreements on ground in Mexico’s Sinaloa state will expand the property position of Canmex Minerals (VSE) in the area of its Limon project.The company holds an option to buy the Muzquiz Co…
STOCK MARKETS — Bulls and bears blunder blindly on TSE
The Toronto Stock Exchange rose fractionally between Feb. 28 and March 5, closing at 4,995.94, up 41.67 points (or 0.8%) on the week. Trading volume picked up slightly on the week, but, in general, th…
Reserves dip for Battle Mountain
While Battle Mountain Gold (NYSE) added 735,000 oz. gold to its reserve base in 1995, the amount was not sufficient to prevent a decrease in its overall inventory.The proven and probable figure stands…
Net earnings for Richmont take dive
While 1995 earnings at Richmont Mines (TSE) kept pace with 1994, net earnings were down.The company took in $20.19 million in 1995, compared with $20.64 million in 1994. Net earnings for the year were…
Greenstone raises US$25m for 1996
In order to fund all its planned 1996 programs without issuing any more equity, Greenstone Resources (TSE) has arranged US$25 million in debt financing.The financing consists of a US$15-million line o…
Potential of Kazakhstani project grows
Initial drill results from the Varvarinskoye gold-copper-silver deposit in northern Kazakhstan are confirming previous resource estimates.Kazakhstan Minerals (CDN) is attempting to confirm in situ res…
WGS publishes diamond, gold reports
Publications describing potential targets for exploration in the Wyoming geological province and elsewhere in the U.S. are available from the Wyoming State Geological Survey (WSGS).The publications re…
Michelle zone boosts Cusac
Production from the Michelle Highgrade zone at the Table Mountain Mine property in northern British Columbia helped Cusac Gold Mines (TSE) report a fourth-quarter profit of $1 million.Cusac milled 8,4…
Altai unit eyes Philippine property
Toronto-listed Altai Resources has completed the incorporation of Altai Philippines Mining, which will act as the company’s exploration arm in that country. Altai will have a 40% equity interest.Along…