NEWS ROUNDUP — TVI OKs share issue, name change
The shareholders of TVI Copper (ASE) have approved the issuance of 2 million unqualified special warrants and two previously approved private placements totaling more than 5.8 million shares. Proceeds…
News
THE LATIN BEAT — Argentina Gold expands holdings
By acquiring the property known as Las Tortolas-Vacas Heladas, Argentina Gold (VSE) has gained another block of ground in Argentina. The deal includes yearly property payments and spending commitments…
Golden Regent gets U.S. subsidy
Alberta-listed Golden Regent Resources (ASE) has taken over Golden Regent Minerals, a U.S.-based resource company. The new company now becomes a wholly owned subsidiary of Golden Regent Resources and …
Skip slips at Inco mine
An ore-hoisting device known as a skip has plummeted to the bottom of the main T-1 mine shaft in Thompson, Man. No one was injured, according to a report by Inco (TSE), as the incident occurred July 1…
Berry awarded Wilson Medal
The Canadian Geophysical Union (CGU) recently awarded its Wilson Medal to Michael Berry of the Geological Survey of Canada (GSC). The medal, named for the late J. Tuzo Wilson, is awarded annually by C…
THE DIAMOND PAGE — De Beers’ rough diamond sales point to
De Beers’ Central Selling Organization (CSO) sold US$2.6 billion worth of rough diamonds in the first half of 1994. This figure is 1.5% higher than the same period last year and a healthy 41.5% higher…
Taseko fleshes out Fish Lake operation
Development of the Fish Lake copper-gold deposit, southwest of Williams Lake, B.C., is coming into focus for owner Taseko Mines (VSE). Consultant Kilborn Engineering Pacific is nearly finished a prefe…
Kalahari active near Kirkland Lake
Salt Lake City-based Kennecott can earn a 25% interest in Kalahari Resources’ (VSE) Murdoch Creek property, east of Kirkland Lake, Ont. In return, Kennecott must spend $1 million on exploration over 1…
Drilling planned for Goldstream play
Two areas of the Goldstream property, near Revelstoke, B.C., will soon be explored. Joint owners Bethlehem Resources (TSE) and Goldnev Resources (VSE) plan to test the grade and thickness of the orebo…
LAST BUT NOT LEAST — Blue Hill exploring Fort MacKay
A ground magnetic survey has begun on Blue Hill Capital’s (ASE) Athabasca No. 108 gold project to define possible drill targets. The property, situated near Fort MacKay, Alta., is a crown mining lease…
LAST BUT NOT LEAST — Canarc tops up treasury
The exercise of share purchase warrants gives Canarc Resources (VSE) an additional $7.5 million in working capital, raising to $12.5 million the amount of cash on hand. The company is carrying out a $…
EDITORIAL PAGE — Kudos (yes, kudos) for B.C. government
Over the past year or so, we have bashed the provincial government of British Columbia for some of its incredibly knuckleheaded decisions. The decision, last year, to expropriate the Windy Craggy copp…