Cameco moving research division
The research and development (R & D) division of Saskatchewan uranium producer Cameco will be relocated from Saskatoon to Port Hope, Ont., where the company’s uranium processing plant is situated. The…
1993
Lyndex plans metallurgical test
Lyndex Explorations (CDN) will soon begin metallurgical testing of samples from a gold property in Europe. The program, intended to verify previous results, will operate in conjunction with on-going b…
Columbia Gold Mines reviewing Heino operation
Lower-than-expected head grades and tonnage from the Heino Money zone at the Tillicum property near Nakusp, B.C., have prompted Goldnev Resources (VSE) and Bethlehem Resources (TSE) to drop their opti…
Hedman Res. completes placement
Alberta-listed Hedman Resources has completed a $500,000 private placement with European investors. Hedman has been operating an open-pit mine and mill complex near Matheson, Ont., for the past two de…
THE DIAMOND PAGE — Lac de Gras update
At a recent conference Rory Moore, manager of BHP Canada’s diamond program, provided an overview on the origin and emplacement of diamonds, as well as details of the company’s joint venture with Dia M…
Overseas Quotes (December 20, 1993)
Bid Ask SOUTH AFRICA (US$) Anglo Amer S.A. 43.88 44.25 Cons Modderfontein 0.18 0.26 Debeers Cons 23.75 24.00 Driefontein Cons 12.62 12.88 Freestate 16.25 16.50 Kloof Gold Mining 11.25 11.38 Rustenburg…
Carson raises $12.9 million
A private placement of special warrants will give Carson Gold (VSE) additional funds to acquire properties in Latin America. The company reached an agreement with Burns Fry (which will act as lead bro…
Positive results at Audrey lens
Underground drilling at the 1100 lens project in northwestern Quebec indicates mineralization continues at depth. The project, owned by Audrey Resources (ME) and Metall Mining (TSE), is undergoing exp…
Asarco swings deal with Mexican firm
U.S. base metal producer Asarco (NYSE) is joining forces with Grupo Industrial Minera Mexico. An agreement will enable Grupo to merge with Mexico Desarrollo Industrial Minero S. A. de C. V. (MEDIMSA),…
NEWS ROUNDUP — Minera Rayrock issues warrants
Junior Minera Rayrock (TSE) is issuing a private placement of 8 million special warrants. Each special warrant, priced at $2.50, will entitle the holder to recieve one subordinate voting share of the …
Regal options bet
Regal Goldfields (CDN) can earn a half interest in Copperquest’s (CDN) Kidd base metal property near Timmins, Ont. In return, Regal must spend $65,000 on exploration and give Copperquest $10,000 cash …
NEWS ROUNDUP — Drill results in from Hislop ground
Final results from a 31-hole program on the Hislop property have been released. Values from the final three holes range from 2.42 grams gold per tonne over 1.5 metres to 6.27 grams over 1.5 metres. Th…