Correstions
The Minoro property held by Tombstone Explorations (TSE) and Mar-West Resources (VSE) is situated in Honduras. A recent story on the copper-gold project (T.N.M., Nov. 20/95) did not state the property…
News
Denison OKs plan of arrangement
The board of directors of Denison Mines (TSE) has approved a plan of arrangement for the company whereby holders of preferred shares will receive 25 new common shares for each preferred share held, an…
Ladner Creek drilling returns gold
Drilling on the Ladner Creek mine project near Hope, B.C., is returning encouraging results for Athabaska Gold Resources (TSE).The company is working to boost the mining reserve accessible from existi…
Index (November 27, 1995)
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PEOPLE — CONS. MAGNA VENTURES
Bradley Aelicks appointed president and chief executive officer.
Loma de Hierro jumps hurdle
Venezuela’s mines ministry has approved the development plan for the Loma de Hierro nickel deposit, 50 km southwest of Caracas. And Jordex Resources (TSE), owner of a 45% interest, is looking forward …
FirstMiss Gold makes new public offering
FirstMiss Gold (NASDAQ) has signed an agreement with a group of underwriters for a public offering of stock.The company is seeking gross proceeds of US$126.75 million from the sale of 6.5 million shar…
Minable reserves calculated for Daisy’s West gold zone
Drilling at the Daisy project in southern Nevada has confirmed a minable reserve of 542,000 tons averaging 0.025 oz. gold per ton in the West zone.The project is owned 65% by Inter-Rock Gold (ME) and …
TSE short positions (November 27, 1995)
Short positions outstanding at October 31, 1995Larger individual positions included: Barrick Gold 5,459,772; Agnico-Eagle 195,525; Anderson Expl. 132,100; Bema Gold 1,366,400; BGR Precious Metals 114,…
RTZ inks deal with Ecuadorian
Mining conglomerate RTZ (NYSE) intends to acquire a controlling interest in the Beroen gold property, west of Cuenca, Ecuador.The current owner, Ecuadorian Minerals (TSE), has identified several areas…
Miramar reports higher costs at Con
Production costs have increased at the Con underground gold mine near Yellowknife, N.W.T., reports owner Miramar Mining (TSE).The company earned 29 cents per share, or $14.6 million, for the 9-month p…
Hecla writes down Grouse Creek interest
The third-quarter operating results of Hecla Mining (NYSE) include a nonrecurring asset writedown of its entire 80% interest in the Grouse Creek gold mine in central Idaho.Great Lakes Minerals (TSE) o…