Asia Minerals advances Chinese joint venture
An independent feasibility study prepared for Asia Minerals (VSE) by Cominco Engineering Services has firmed up reserves at the QDS project in Shanxi province, northeastern China. The deposit is estim…
1993
THE LATIN BEAT — Junior focuses on Peru copper belt
VSE-listed Thumper Resources is setting its sights on the Southern Peru copper belt. The junior can earn up to a 50% interest in a group of properties held by a private company controlled by David Low…
LAST BUT NOT LEAST — Green light for Hedley tailings
With a mine development certificate in hand, Candorado Mines (VSE) is poised to start processing gold tailings near Hedley, B.C. Using heap-leaching methods, a unit of the company plans to process tai…
LAST BUT NOT LEAST — Commercial to sell tremolite property
An offshore buyer has offered to acquire Commercial Industrial Minerals’ (CDN) tremolite industrial mineral property, 250 km northeast of Toronto. The offer, which consists of cash and a limited royal…
Gold dips to $350
The price of gold broke out on the downside Sept. 7, shedding more than US$14 per oz. to close at $350.10 on the Commodity Exchange of New York (Comex). Late the next day, the price was holding firm -…
Northfield issues private placement
Toronto-based Northfield Minerals (ASE) hopes to raise $600,000 through a private placement of more than 1.3 million units at 47.5 centsper unit. Each unit consists of one share and one warrant. A war…
STOCK MARKETS — Gold price plunge drives market lower
Ouch! Gold bullion dropped like a stone following the Labour Day holiday weekend, losing US$14.40 per oz. on Sept. 7 and triggering a big selloff in the gold equities. The bullion meltdown and subsequ…
Gold fabrication demand suffers a first-half lapse
World demand for gold fabrication in the first half of 1993 dropped by 5% compared with the same period last year, despite a strong performance in the first quarter. Gold Fields Mineral Services of Lo…
STOCK MARKETS — Western markets follow senior board plunge
A 1-day, US$14-per-oz. plunge in the price of bullion led to a spate of fear and loathing in the junior gold market. Gold finished the period ended Sept. 7 down, by more than US$20 per oz., at the US$…
NEWS IN BRIEF (September 13, 1993)
Consolidated Heron Resources (CNS:VSE) has changed its name to Fintra Ventures (FVN:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis. The transfer agent is Montreal Trust.
GOLD FUNDS (September 13, 1993)
BGR Central Net Value $13.59 $6.17 Price $12.00 $6.250 Discount 11.72% 1.3% Value $76,143,000 $113,120,625…
TORONTO STOCK EXCHANGE INDICES (September 13, 1993)
NO TEXT…