Adrian boosts reserve estimates at Petaquilla
Initial step-out drilling at the Petaquilla property in Panama has increased preliminary reserve estimates to more than one billion tons. Adrian Resources (VSE) is drilling under an option to earn up …
News
NEWS ROUNDUP — Falconbridge to appeal fines
A toxic gas leak in the Sudbury, Ont., area during the summer of 1990 has cost Falconbridge $180,000 in fines. The nickel-copper producer was convicted in a Sudbury court on six of nine counts under t…
Ontex placement falls through
Mr. Osama Eissa, who had agreed to subscribe to a private placement of up to 500,000 units of Ontex Resources (ASE) at $1.21 per unit, has failed to complete the placement. As a result, the agreement …
FINANCING (March 15, 1993)
Mountain Province Mining — 1,250,000 units @ 66 cents per unit where each unit consists of 1 sh and 1 two year Series G sh purchase wts. 2 Series G wts to purchase 1 sh.
GOLD FUNDS (March 15, 1993)
BGR Central Net Value $8.67 $4.86 Price $6.75 $4.50 Discount 22.13% 7.4% Value $48,557,000 $75,709,350…
LATIN AMERICA SPECIAL — Open trade policy a necessity
The North American Free Trade Agreement (NAFTA) is a step toward outlining a free trading area that might ultimately stretch from Alaska to the tip of South America, says the president of the Business…
Menora enters financing deal
A financing advisory agreement has been signed with IBK Capital Corp. of Toronto, Menora Resources (ME) reports. The junior says IBK will, among other things, arrange financing of not less than $5.25 …
Grade of Arkansas `Crater of Diamonds’ sought
Diamonds from Arkansas made the big time recently — nothing less than the ultimate in prime-time television. And if a particular Arkansas gem wasn’t the highlight of the event, it was still there and…
Aur search for base metals extends to eastern U.S.
In its search for new volcanogenic massive sulphide deposits, Aur Resources (TSE) has targeted the Northern Volcanic Belt in the Appalachian mountains of Maine and New Hampshire as a top priority. Thi…
Nebex plans drill program for two Yellowknife prospects
Calgary-based junior Nebex Resources (ASE) will soon start surface drilling on its Walsh Lake and adjacent Northbelt gold properties, immediately north of Royal Oak Mines’ (TSE) Giant Yellowknife gold…
Casino drilling scheduled
Around-the-clock drilling with three rigs is to be in full swing by March 31 at the Casino copper-gold-molybdenum project in the southern Yukon. Following the recent plan of arrangement with Casino Si…
Ontario staking hits 4-year high
Ontario recorded a 56.8% increase in claim-staking last year to make 1992 the most active year since 1988. According to the Mines and Minerals Weekly Bulletin, the number of claim units staked in the …