Breakwater files rights prospectus
Toronto-listed Breakwater Resources has filed a prospectus for an offering of rights to buy up to 239.5 million Breakwater shares at 10 cents each. Each shareholder would receive one right for each sh…
News
NEWS IN BRIEF (December 05, 1994)
Keith Resources (KEH:VSE) has changed its name to Avalon Ventures on a 1-new-for-5-old-share basis.
Holmer to fund work on Cuban play
Alberta-listed Holmer Gold Mines has arranged a private placement of 1 million units at 40 cents each. A unit will consist of one common share and a common share purchase warrant. The latter will be e…
Cominco Res. advances foreign projects
Ongoing programs in Turkey, Mexico and South America were highlights of this past year’s $19-million exploration program of Cominco Resources International (TSE). A 50-50 joint venture program with pa…
Western Troy drilling Wagg prospect
Diamond drilling is under way on Western Troy Capital Resources’ (ASE) Wagg gold prospect near Nestor Falls, Ont. The program will total 3,000 ft., with six holes totaling 1,072 ft. having already bee…
Galena Giant drilling results are disappointing
Drill results from the Galena Giant property in northern Montana were not as good as hoped. Vancouver-listed partners Wealth Resources and Arbor Resources previously reported the presence of copper su…
Positive feasibility study for wollastonite project
A positive feasibility study has been completed on Orleans Resources’ (ME) wollastonite property in St. Onge Twp., Que. Kilborn Tecsult of Montreal carried out the study, which incorporated the result…
Labrador find sparks Inuit interest
Management of Diamond Fields Resources (TSE) has met with representatives of the Labrador Inuit Association to discuss development plans for the company’s Voisey Bay project on that region’s northeast…
Pacific Sentinel sizes up Casino
Junior Pacific Sentinel Gold (VSE) has released a reserve figure for its Casino gold-copper deposit in south-central Yukon. The potentially open-pit deposit hosts 119.3 million minable tonnes containi…
Rio Narcea explores Spanish prospect
Recent drilling has shed new light on the geology of El Valle, a gold project in northern Spain. Toronto-listed Rio Narcea Gold Mines now believes the Northern Block and West Breccia zones are connect…
THE DIAMOND PAGE — Exall forms alliance with Guyanese
Toronto-listed Exall Resources has joined forces with one of Guyana’s foremost gold and diamond mining companies. MC Correia Holdings, which has been in continuous operation since 1935, operates sever…
GOLD FUNDS (December 05, 1994)
BGR Central Net Value $17.12 $6.67 Price $14.00 6.625 Discount 18.23% 0.7% Value $137,394,000 $119,907,863…