LAST BUT NOT LEAST — Nora raises $150,000
Montreal-based Nora Explorations (ME) has completed a $150,000 private placement. The funds will be used to explore the company’s alluvial gold and diamond Kade concession in Ghana, West Africa, as we…
News
PEOPLE — DELTA GOLD MINING (May 30, 1994)
Michael Callahan appointed director.
Global Stone buys Chemstone Corp.
Industrial minerals and aggregates producer Global Stone (TSE) has reached an agreement with Meriwether Capital to acquire all the issued and outstanding shares of Chemstone Corporation. In addition t…
NEWS ROUNDUP — Repadre closes Nicaraguan deal
Toronto-based Repadre Capital (TSE) is buying a 5% net smelter return royalty and a 6% net profit interest in the Limon-India gold operation in Nicaragua. It will receive the royalties in return for p…
Botswana Diamond sets drill targets
In June, Botswana Diamondfields (VSE) will begin evaluating 60 kimberlite targets on its properties in Botswana. Air percussion drilling will be used to extract core from up to three holes at each sit…
Champion drills at Dryden
Drilling has encountered gold values on Champion Bear Resources’ (ASE) Swimit Lake prospect near Dryden, Ont. Twenty-six holes were drilled to test the depth extension and lateral continuity of gold m…
NEWS ROUNDUP — Glamis posts higher quarterly profit
Producer Glamis Gold (TSE) posted a 12 cents-per-share profit for the third quarter of fiscal 1994, compared with 1 cents per share in the same period of the previous year. The increase is largely due…
OPAP, OMIP funds allocated
The Ontario Prospectors Assistance Program (OPAP) has provided funding for 215 projects this year. The Ministry of Northern Development and Mines says $2 million was allocated to OPAP for 1994. The mi…
Nominations sought for Hall of Fame
The Canadian Mining Hall of Fame has issued its yearly call for nominations, which will lead to the induction of a new group of individuals early in 1995. These future inductees will be honored at a d…
JUNIOR MINING SPECIAL — Vietnam now open to new mining
On Feb. 3 of this year, U.S. President Bill Clinton removed the 19-year-old prohibition against American companies doing business in Vietnam. This prohibition had, by moral persuasion, inhibited most …
COMMENTARY — West Africa versus South America
Why do we believe that investor enthusiasm, which swept South American countries like Venezuela in 1993, will spread to West African countries in 1994? (By West Africa, we are referring primarily to t…
THE DIAMOND PAGE — Marine diamond concession in S.W. Africa
Globe-trotting BHP Minerals plans to increase its exposure to diamonds by participating in a new joint venture aimed at exploring and developing a marine concession in Namibia. The offshore property, …