Milagro and Geomaque to merge
Milagro Minerals (MLG-V) and Geomaque Explorations (GEO-T) have agreed to merge their operations.Milagro shareholders will receive one Geomaque share for every four shares of Milagro held. On completi…
1996
Hecla inks deal with Santa Fe for Rosebud
Hecla Mining (HL-N) and Santa Fe Pacific Gold (GLD-N) will develop the Rosebud gold-silver deposit, 50 miles west of Winnemucca, Nev.Under a 50-50 joint-venture agreement, Hecla will operate the high-…
Cambior buys stake in Zappa
With financing in place, exploration will finally begin in earnest on a portfolio of Ecuadorean gold properties assembled more than three years ago by Zappa Resources (ZPA-V).Cambior (CBJ-T) has agree…
Okak South results fueling optimism
New drill results from the NOT No. 3 property in the Okak South region of Labrador reveal more nickel-bearing intervals.Partners Noront Resources (NOT-V) and Golden Trump Resources (GTZ-V) report that…
Mazarin Mining looks to Haitian mineral prospects
A Quebec-based asbestos company with a large share of that province’s production has expanded into exploration for gold and base metals overseas.Mazarin Mining (MAZ-T) has obtained the option to acqui…
Partners scratch gold potential of Dogpaw Lake
A first-phase program, budgeted at $500,000, will test the gold potential of the Dogpaw Lake property in the Kenora district of northwestern Ontario.Houston Lake Mining (HLM-A) holds an option to acqu…
KWG Resources poised to take over Far East Gold
With a little help from its parent company, KWG Resources (KWG-T) has initiated a takeover bid for Far East Gold (FEGI-C).St. Genevieve Resources (SGV-T), the controlling shareholder of both KWG and F…
Vedron drills hit gold near Timmins
For Vedron Gold (VDGI-M), Ontario’s Timmins gold camp still has the right stuff.At its wholly owned property in Tisdale Twp., the company is carrying out a 50,000-ft., 40-hole program aimed at testing…
Omni reports initial drill results from Skukum Creek property
Encouraging drill results are reported by Omni Resources (ORI-V) from the first three holes of an expanded program at its Skukum Creek property in the Mount Skukum area of southern Yukon.The 15-hole p…
Northern Orion inks Argentine deal
An Argentine firm will earn a 67% stake in Northern Orion’s (NNO-T) El Dorado project in Santa Cruz province.To earn the interest, Minera Mincorp must pay US$5 million over four years.Northern Orion h…
EDITORIAL PAGE — The winds of change
In August of 1946, South African mine workers demanded and won a minimum wage of 10 shillings per day, which, to the best of our reckoning, works out to about $2. Then, in August of 1987, unionized mi…
THE DIAMOND PAGE — Diavik partners report promising values
Partners Kennecott Canada and Aber Resources (ABZ-T) are encouraged by the latest drill results from their Diavik diamond project near Lac de Gras in the Northwest Territories.A single, large-diameter…