EXPLORATION ’93 — Ramrod options Nevada claims
Details will soon be announced regarding an option agreement allowing Consolidated Ramrod Gold (TSE) to earn a majority interest in a claim block held by Akiko Gold Resources (VSE) and Bradner Resourc…
News
EXPLORATION ’93 — Willingdon drills at Sioux Narrows
Drilling on the Sioux Narrows gold project, at Lake of the Woods, Kenora, Ont., has resumed, reports Willingdon Resources (CDN). The program will follow up previous results that delineated a narrow, h…
EXPLORATION ’93 — Amax Gold reports reserve increase
Contained proven and probable gold reserves for operations and projects involving Amax Gold (NYSE) jumped to 10.8 million oz., up 40% over the year ended Dec. 31, 1992. Amax’s share of the reserve tot…
Gold Funds (March 22, 1993)
Gold Funds as of Mar. 16 BGR Central Net Value $8.84 $4.87 Price $6.88 $4.50 Discount 22.25% 7.6% Value $48,528,000 $75,709,350…
McBride buys stake in Xavier
John McBride, president and director of Xavier Mines (ASE), has purchased 366,700 shares, or 13.8%, of the junior company’s common shares. The shares were bought though a private placement at 30 cents…
NEWS IN BRIEF (March 22, 1993)
Eskay Gold Corp. (ES:VSE) has changed its name to Consolidated Eskay Gold Corp. (CKO:VSE) with a consolidation of capital on a 1-new-for-1.8-old-share basis. The transfer agent is Pacific Corporate Tr…
Golden Star raises financing
Net proceeds of about $10.6 million (including agents’ commissions) were raised from a private placement involving the sale of 1.2 million special warrants (common shares and warrants) at $9.25 each, …
Awards presented at Mining Week
For the fourth straight year, the Highland Valley Copper mine has been honored as British Columbia’s safest mine. The award was presented during the province’s Mining Week by Mines Minister Anne Edwar…
Drilling advances Bajo prospect
Recently completed drilling on the Bajo de la Alumbrera copper-gold project in northwestern Argentina has International Musto Exploration (TSE) confident that reserves and grade will be increased. Min…
Exall issues special warrants
Toronto-based junior Exall Resources (TSE) is issuing a private placement of 3.32 million special warrants at $1.50 each to raise a total of $4,980,000. Each special warrant will entitle the holder to…
Chimney, Rabbit Creek merger seems sure thing
The proposed swap of assets between Santa Fe Pacific (NYSE) and London-based Hanson PLC (NYSE) is expected to transform the Chimney Creek and Rabbit Creek mines, immediately north of here, into a sing…
Manning to speak on cost-cutting
The president of the Reform Party of Canada will discuss government cost-cutting at a joint luncheon of the Prospectors and Developers Association of Canada and the Canadian Club, March 29, at Toronto…