Conwest buys Jascan shares
Toronto-based Conwest Exploration (TSE) has acquired about 3 million shares of Jascan Resources (TSE), raising to 30% its interest in the Toronto-based junior. The units, representing 16.1% of Jascan’…
News
Hemlo lawsuit back in courts
The battle for riches from Ontario’s famous Hemlo gold camp is back in the courts. Three motions are to be heard this week in the Ontario Court, General Division, regarding the 7-year-old lawsuit brou…
ODDS’N’SODS — The great diamond fraud of 1872 (3)
(The following is the concluding instalment of a 3-part story.) Now wholly convinced by Henry Janin’s US$4-million evaluation of their play, the backers were determined to take the thing public. The S…
EXPLORATION ’94 — Inco plans drill program for deep Victor
A $60-million exploration program is planned for the deep Victor base and precious metal deposit just north of Sudbury, Ont. Inco (TSE) is waiting for provincial government approval to begin a drillin…
NEWS ROUNDUP — Queenston issues private placement
A group of Canadian investors has negotiated a private placement in Queenston Mining (TSE). The financing consists of one million units at 80 cents each. The units consist of one share and one warrant…
EXPLORATION ’94 — Gitennes, Kenrich and Ambergate announce
A proposal to merge Gitennes Exploration (ASE) with Kenrich Mining (VSE) and Ambergate Explorations (VSE) would provide the amalgamated company with a broad base of exploration properties in Canada. T…
MSV opens up new greenstone belt
Having acquired the local mining assets of Westminer Canada in February, 1993, MSV Resources (TSE) now finds itself with excess milling capacity. The 3,000-tonne-per-day mill, situated at Copper Rand …
Musselwhite project advancing to feasibility
Toronto-listed partners Placer Dome and TVX Gold are stepping up the pace of activity at the Musselwhite gold property in northwestern Ontario. The project, reported to contain a measured and indicate…
Greenstone to buy stake in Honduran mine
A planned merger between Greenstone Resources (TSE) and Fischer-Watt Gold (NASDAQ) will not proceed. The latter was unable to secure the required lock-up and escrow agreements from its majority shareh…
EDITORIAL PAGE — A haunting melody
Haven’t we heard this tuneful little number before? The melody is more than faintly familiar. Even the lyrics have a deja vu quality. We refer, of course, to the latest government budget, specifically…
Black cat proves lucky for Antares
Toronto-listed Antares Mining & Exploration has identified a new gold zone, known as the Black Cat, at its Lady Lina property in Zimbabwe. The zone was encountered in drill holes on the 180- and 520-m…
Asbestos report is challenged
A group of researchers at Simon Fraser University in Burnaby, B.C., is challenging a U.S. report which downplays the human death toll from low-level exposure to asbestos. In the American Journal of In…