News


Cata Preta returns good gold values

Drilling on the Cata Preta property in Brazil is returning gold values for Black Swan Gold Mines (TSE).The company has already issued the property vendor 8 million shares under an option agreement to …


Voisey Bay Res. in Indonesia

Voisey Bay Resources (VSE) will buy a 24.5% interest in four Indonesian gold properties held by Minorca Resources (ME).As consideration, it will pay US$2 million and 500,000 of its shares.Three of the…


FINANCING (April 08, 1996)

Santa Cruz Gold — 5,845,500 Units each consisting of one Common Sh and one-half of one Common Sh Purchase Wt to be issued upon the exercise of 5,845,500 previously issued Special Wts @ 50 cents per U…




Eastfield and Prism plan work in Nevada

Partners Eastfield Resources (VSE) and Prism Resources (VSE) have bought the Three Hills project in Nevada.The companies paid Coeur Exploration US$320,000 for the property, which, when combined with t…


METAL PRICES (April 08, 1996)

FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDate April2 April 1 March 29 March 28 March 27Copper 2496-2498 2515.5-2517.5 2553-2555 2537.5-2539.5 2534-2536 Lead 788-790 791-…


Archangel firms up pipe in Russia

Junior Archangel Diamond (VSE) is encouraged by final results from the discovery hole on pipe 441 at the Verkhotina diamond project in northwestern Russia.Thirty-one macrodiamonds and 152 micros were …


TSE SHORTS (April 08, 1996)

Short positions outstanding at March 15, 1996Larger individual positions included: Barrick Gold 8,449,313; Agnico-Eagle 154,858; Arequipa 114,500; Anvil Range Mining 321,200; Bema Gold 3,432,178; Cale…


Ego gets cash infusion

While the situation is improving, a slow start to cobalt sales from its recovery plant in Cobalt, Ont., has made it necessary for Ego Resources (TSE) to find money elsewhere.As a result, the company h…


Lawyers to discuss Cuban legislation

Recent U.S. legal restrictions involving Canadian trade with Cuba have prompted the law firm Osler, Hoskin & Harcourt to schedule a client seminar for April 24 in Toronto.Experts in trade law will be …


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