NEWS ROUNDUP — San Andreas funds Prairie Creek
A private placement has been arranged by San Andreas Resources (VSE) to fund ongoing work at its Prairie Creek project, 500 km west of Yellowknife, N.W.T. Recent work has focused on a flat-lying, stra…
News
THE DIAMOND PAGE — The root-vegetable theory of kimberlite
Consultant James Tilsley has come up with a unique analogy to explain why diamond grades vary dramatically within kimberlite pipes. He tells the uninitiated to imagine a kimberlite pipe as a mixed bun…
Cathedral acquires option on Guyana property
Increased prices of Venezuelan concessions have prompted junior companies to investigate opportunities in neighboring Guyana and Suriname. A recent entrant, Cathedral Gold (TSE), acquired an option to…
Metals sub-index off sharply in April
A sharp drop in copper and potash prices in April led to a new cyclical low for the metal and mineral sub-index of the Bank of Nova Scotia’s commodity price index. Base metal prices continue to be pla…
Echo Bay granted Alaskan permit
Clearing its first major hurdle in Alaska, Echo Bay Mines (TSE) has received a permit from the city of Juneau to proceed with development of the A-J mine, Chairman Robert Calman told shareholders at t…
GOLD FUNDS (June 14, 1993)
Gold Funds as of Jun 8 BGR Central Net Value $12.40 $5.83 Price $11.25 $6.375 Discount 9.27% 9.3% Value $69,461,000 $115,383,038…
NEWS IN BRIEF (June 14, 1993)
Ilm Resources Ltd. (ILM:VSE) has changed its transfer agent to Pacific Corporate Trust.
LAST BUT NOT LEAST — Huntington exploring Brett claims
A work program managed by 50-50 partners Huntington Resources (VSE) and Liquid Gold Resources (VSE) is under way on the Brett claims near Vernon, B.C. Huntington has negotiated an arrangement to acqui…
Reed Lake sampling
Exploration is under way on two gold properties near Wawa, Ont., both of which belong to Reed Lake Exploration (ASE). At the Holdsworth property in Gorbiere Twp., northwest of Hawk Junction, work is b…
Adds fuel to assaying controversy — Gold values elusive at
A resource equivalent to 11 million oz. gold is bound to attract attention. And when word began circulating here that Mindoro Mining had a deposit estimated to be of this magnitude on its property in …
Pezim buys Prime
A recent agreement provides for Murray Pezim to buy 1.9 million shares of Prime Equities International (VSE) from Prime Resources Group (VSE) and Homestake Canada. Pezim will pay $3.64 million. The ac…
NEWS ROUNDUP — Republic announces Cuban deal
Toronto-based junior Republic Goldfields (VSE) in association with IMI Mineral Development, a geological consulting firm, has signed a letter of intent with the Cuban government to explore and develop…