News

Drill program ongoing at East Ingerbelle deposit

With the Similco copper mine back in production, Princeton Mining (TSE) is continuing a drill program aimed at increasing the tonnage and grade of the Ingerbelle East deposit, situated 4,000 ft. south…


NEWS ROUNDUP — Falco Dominicana enters agreement

Ferronickel producer Falconbridge Dominicana has signed an amending agreement with the government of the Dominican Republic reinstating the company’s tax rate of about 50%. The company is owned 85.26%…


Sherritt notes

The outstanding zero coupon convertible subordinated notes of Sherritt (TSE), due in the year 2011, were redeemed Sept. 1 by the company. The aggregate redemption price was about $65.3 million. The re…


GOLD FUNDS (September 12, 1994)

BGR Central Net Value $17.77 $6.81 Price $15.88 $7.50 Premium 10.1% Discount 10.67% Value $144,380,000 $135,744,750…


TORONTO STOCK EXCHANGE INDICES (September 12, 1994)

— 1994 — Sep 6 Sep 5 Sep 2 Sep 1 Aug 31 High Low Composite”300″ 4347.17 N/A 4344.22 4344.34 4349.50 4609.93 3518.31 Metals&Minerals 4058.75 N/A 4071.17 4066.32 4093.80 4096.72 3273.56 Integrated Min…


Accident claims two geologists

Geologists Jeffrey Deen, 36, and Mark Burnett, 21, died on the night of July 12, when their vehicle veered off a mountain road near Cerro de Pasco, Peru. Also killed was driver Pablo Villajuan Caso, 2…


Patrician completes financing

Alberta-listed Patrician Gold Mines has completed an initial public offering valued at $1.6 million. The financing consists of 1.6 million units, with each unit consisting of one common share and a co…


Cambiex to drill Cambior properties

Montreal-listed Cambiex Exploration has discovered a new gold-bearing quartz vein on the Annie Laurie property in Utah. This brings to five the number of gold-bearing veins found on the property. The …


Gundy addressing CIM luncheon

The president of Advanced Material Resources (AMR) will speak at the Sept. 14 luncheon of the Mineral Economics Society (Western section) of the Canadian Institute of Mining, Metallurgy and Petroleum….


NEWS ROUNDUP — Dynacor plans drilling program

A private placement of shares has allowed Mines Dynacor (ME) to raise $50,000 to undertake a small surface drilling program at its Siscoe gold project near Val d’Or, Que. The company, which changed it…


NEWS ROUNDUP — Repadre funds Fairmile play

Additional exploration of the Buffalo Valley gold property in Nevada will be funded through a royalty and financing agreement with Repadre Capital (TSE). Fairmile Acquisitions (ASE), which can acquire…


TVI Pacific drilling project on island in Philippines

Two drills are at work at the Canatuan copper-gold property of TVI Pacific (ASE) on the Philippine island of Mindanao. An initial 27-hole program is testing the relatively flat-lying deposit’s 1.2-km …


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