News


Lac posts loss in second quarter

Citing lower realized gold prices and a decrease in production, Lac Minerals (TSE) reported a loss of US$800,000 for the quarter ended June 30 compared with second-quarter earnings of US$4.4 million (…


U.S. REPORT — Inventory sought of abandoned mines

The U.S. federal government has been asked to conduct an inventory of abandoned mine sites. The request came from the president of the American Mining Congress (AMC), John Knebel, who asked for an inv…


Busy summer for Stewart area

The Stewart camp in northwestern British Columbia is abuzz this summer as work programs fly into full gear on several advanced projects. The largest is being carried out by Lac Minerals (TSE) on the R…


Newhawk drilling at Sulphurets

Two separate drill programs are being carried out this summer by Newhawk Gold Mines (TSE) on the Sulphurets property, 60 km north of Stewart, B.C. Work on the 60%-owned Bruceside project is to focus o…


Athabaska revises Ramrod agreement

A revised agreement between Athabaska Gold Resources (TSE) and Consolidated Ramrod Gold (TSE) has been approved by Royal Oak Mines (TSE). Royal Oak, which owns 3.4 million shares of Athabaska, tried t…


LAST BUT NOT LEAST…Reed Lake extends gold zone

A sampling program on the Corbiere Twp. property near Wawa, Ont., has extended the gold-rich pyrite zone another 60 metres to the west, reports Reed Lake Exploration (ASE). The 3-metre-wide zone, whic…


GOLD FUNDS (August 09, 1993)

BGR Central Net Value $14.40 $6.46 Price $13.25 $7.125 Discount 7.97% 10.3% Value $80,648,000 $128,957,513…


NEWS IN BRIEF (August 09, 1993)

South Atlantic Ventures (SCV:VSE) has changed its name to Southern Copper Corp. (SOU:VSE) with no consolidation of capital. The transfer agent is Montreal Trust.





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