Cambior in deal with Golden Star
Montreal-based Cambior (TSE) can earn a half interest in Golden Star Resources’ (TSE) Gross Rosebel gold property in Suriname. The property, 80 km south of Paramaribo on the coast, comprises 170 sq. k…
News
LAST BUT NOT LEAST — Imperial shares up for grabs
Five European shareholders of Imperial Metals (TSE) have filed notices of their intention to sell up to a total of 20 million shares of the company. The holding represents 38% of Imperial’s 52 million…
LAST BUT NOT LEAST — TVI finances Philippine exploration
To finance further exploration in the Philippines, TVI Copper (ASE) hopes to raise $6.4 million from two separate private placements. In the first financing, 4.5 million shares will be issued at $1.10…
LAST BUT NOT LEAST — San Andreas sues Ramrod
TSE-listed San Andreas Resources and some of its shareholders have filed a lawsuit against Consolidated Ramrod Gold (TSE). The litigation concerns an agreement in March whereby Ramrod was to acquire a…
ODDS’N’SODS — Russian tailings offer investment
Western companies have recently expressed interest in Russia’s mineral resources and mining industry — interest which is justified in view of the tremendous resource capabilities of that country. Jus…
Hemlo finds gold
A new gold-bearing structure has been drilled by Hemlo Gold Mines (TSE) on the Lepine property in northwestern Quebec. The property is under option from Radisson Mining (ME). Gold is hosted within a m…
NEWS ROUNDUP — Lower sales for Highland Valley
Highland Valley Copper posted sales of $274.3 million for 1993, down from $373.9 million reported for 1992. The decrease is mainly due to lower copper prices. The open pit, near Logan Lake, B.C., prod…
Noranda arranges debenture issue
Resources giant Noranda (TSE) is hoping to raise US$300 million through a 10-year debenture offering. Proceeds from the 818% debentures (to mature June 15, 2004) will be used, in part, to buy addition…
Teck options claims
Drilling by Teck (TSE) will test extensions of known copper mineralization, as well as new targets, on the Rainbow claim group optioned from Getchell Resources (VSE). The major can earn a 70% interest…
Echo Bay options IGR ground in western Africa
Gold-producer Echo Bay Mines (TSE) can earn a half interest in the Ghanaian properties of International Gold Resources (TSE), excluding the Bibiani project area. IGR has six concessions totaling 200 s…
American Res. begins drilling Argentine project
The international exploration division of BHP Minerals has started drilling the Agua Rica copper-gold project, owned by American Resource (NASDAQ) and situated in northern Argentina. The program follo…
Rea Gold constructing Mt. Hamilton leach project
Construction of the Mt. Hamilton gold project in eastern Nevada is now under way and owner Rea Gold (TSE) expects to be in production by the fourth quarter. Yearly production at the planned open-pit, …