1993

LAST BUT NOT LEAST — Arizona Star raises funds

Funding for further work at Chile’s Aldebaran property is at hand for Arizona Star Resource (VSE). Subject to regulatory approval, the company has negotiated a brokered private placement of up to thre…


NEWS ROUNDUP — TVX buys Homestake interests

TVX Gold (TSE) will acquire Homestake Mining’s (NYSE) half interest in the Mineral Hill and Jardine joint ventures. The agreement will bring TVX’s interest in both Montana gold properties to 100%. TVX…


Four companies to form CanGold

Four related companies plan to amalgamate under the name CanGold Resources. The four are Hughes Lang (VSE), Orofino Resources (TSE), Nova-Cogesco Resources (TSE) and Equity Reserve (TSE). Under the pl…


LETTERS TO THE EDITOR — Rude awakening imminent

I would like to thank The Northern Miner for bringing to the public’s attention the fact that Canada’s central bank gold reserves will be zero in another 24 months at the present rate of selling by th…


DIAMOND PAGE — Diamond merchants make their pitch

Canadians have made progress but still have a long way to go when it comes to exploiting diamonds, according to two analysts who spoke at the recent Manitoba Mining, Minerals and Petroleum Convention….


Canuc completes rights offering

A rights offering has netted Canuc Resources (CDN) about $510,000, enabling the company, once again, to explore for minerals. It is now evaluating two gold properties in Mexico and Spain. In other new…


Golden trenches for Cathedral (December 06, 1993)

Trenching on the Kaburi-Eldorado project in Guyana has returned gold values over widths up to 66 ft. grading 0.14 oz. gold per ton. Cathedral Gold (TSE) can earn up to a 90% interest in the property, …


LAST BUT NOT LEAST — Caribgold nets $4.1 million

Caribgold Resources (CDN) has completed a placement of 2.5 million units to a group of European investors. Each unit consists of one common share and half a warrant at $1.65 per unit. Each whole warra…






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