Republic funding
Republic Goldfields (ME) has arranged US$1.575 million in equity financing. It consists of a private placement, outside North America, of up to 700,000 units at US$2.25 each. Each unit consists of one…
1993
PEOPLE — WESTERN AND PACIFIC RESOURCES
Stephen Roth and Michael Rosenswig appointed directors.
Weaver options Thunder Bay play
Toronto-based Weaver Lake Explorations (CDN) has optioned a 3,960-acre base metal property in the Garden Lake area, 100 km north of Thunder Bay, Ont. The property consists of two claim groups, about t…
STOCK MARKETS — Yamba Lake results boost western market
Positive assay results from the Yamba Lake diamond discovery gave the weakening diamond exploration market a bit of a boost over the week ended Oct. 18. That combined with a move in bullion to the US$…
OSC disclosure rules come under scrutiny
The Ontario Securities Commission (OSC) is reviewing its disclosure policy after a professional organization concluded that valuation reports and fairness opinions relied on by shareholders are “inade…
Financing (October 25, 1993)
Curlew Lake Res. — 1,200,000 shs @ 42 cents. Adobe Res. — 1,500,000 shs @ 10 cents. Callisto Res. — 1,600,000 shs @ 10 cents. Detector Res. — 1,700,000 shs @ 10 cents. Grantham Res. — 1,700,000 s…
Venezuelan delegation reviews Novagold’s mining technology
A delegation of Venezuelan mining personnel are in Halifax to review indoor vat leaching technology developed by Novagold Resources (TSE) for the recovery of gold. The 6-person delegation includes env…
MINING IN MEXICO — San Fernando proceeds on its own
Shunning a joint venture with several interested majors, San Fernando Mining (VSE) is proceeding on its own at the San Fernando project, 45 miles northeast of Culiacan, Mexico. In the summer, the comp…
MINING IN MEXICO — PROJECT ROUNDUP — Chutine in selling
The interest of Chutine Resources (VSE) in a Mexican mining venture is for sale. The junior is seeking a buyer for its 49% stake in Minera Sanex S.A., which owns a copper-gold property in Sonora’s San…
MINING IN MEXICO — Value of mining output rises slightly in
The value of Mexico’s mining output in 1992 reached US$2.5 billion, a gain of 1.1% from the previous year. The precious metals group (gold and silver) accounted for 16% of the total value of productio…
MINING IN MEXICO — Hillsborough active at El Oro project
Well into an exploration program at its El Oro gold-silver project, about 110 km northwest of Mexico City, Hillsborough Resources (TSE) is reported to be pursuing other property interests in Mexico. T…
MINING IN MEXICO — Geomaque study near completion
A feasibility study is expected to be completed soon at the San Francisco heap-leach gold project, 150 km north of Hermisillo, Mexico, of Geomaque Explorations (CDN). President John Paterson says that…