NEWS ROUNDUP — Rio Narcea gets TSE listing
Common shares and common share purchase warrants of Rio Narcea have begun trading on the Toronto Stock Exchange. Upon completion of the initial public offering, the company will have 16.3 million comm…
News
Minto focuses on Yukon projects
Having completing an initial public offering, earlier this year, to net $900,000, Minto Explorations (VSE) has arranged a further $530,000 in funding. Teck (TSE) and Asarco (NYSE) each bought 190,000 …
LAST BUT NOT LEAST — Sonora closes Jamestown mine
Mining has ceased at the Jamestown open-pit gold mine in California. The mine, wholly owned by Sonora Gold (TSE), produced 92,000 oz. in 1993, 129,200 oz. in 1992 and 132,400 oz. in 1991. Sonora origi…
TSE INDICES (July 25, 1994)
— 1994 — Jul 19 Jul 18 Jul 15 Jul 14 Jul 13 High Low Composite”300″ 4190.61 4199.83 4193.41 4195.74 4140.55 4609.93 3518.31 TSE 100 Index 253.08 253.83 253.56 253.89 250.25 277.47 238.43 Metals&Mine…
LAST BUT NOT LEAST — W. Troy works Northern Ont. play
Western Troy Capital Resources (ASE) reports that work is continuing on its Wagg gold property in Menary Twp. near Nestor Falls, Ont. An open-cut designed to intersect the F, E and D zones has exposed…
Armada options Siberian plays
With a Siberian gold tailings project already in the works, Armada Gold (ASE) has enlarged its Russian portfolio by acquiring two hard rock mining ventures. The company has agreed to earn a 49% intere…
Atapa explores Ontario plays
As part of an option agreement with Teck (TSE), CDN-listed Atapa Minerals has completed in-depth exploration of a portion of the former’s property in Ontario’s Catherine and Pacaud twps. The program t…
MSV hits new intersections at Cedar Bay mine
Five new holes drilled at MSV Resources’ (ME) Cedar Bay mine have encountered significant gold and copper values. The holes were drilled between the 3,000 and 3,300 levels toward the Cedar Bay mine fr…
Freewest opts to participate in Holloway project
With construction already under way, Freewest Resources (TSE) has elected to maintain its 33.86% interest in the Holloway gold project near Matheson, Ont. The project was given the green light in Apri…
Freeport reports new copper find
Freeport-McMoRan Copper & Gold (NYSE) has discovered a copper deposit about 1 km southwest of its Grasberg deposit in Irian Jaya, Indonesia. The discovery was made at the company’s Lembah Tembaga pros…
San Fernando adds to treasury
Additional funds are now in hand for continued exploration of La Fortuna, a gold-copper property in Mexico’s Durango state. Owner San Fernando Mining (VSE) has completed a private placement of 1.9 mil…
THE LATIN BEAT — Bolivar Goldfields outlines gold resource
Based on drilling and trenching results, Bolivar Goldfields (VSE) estimates an initial resource of 700,000 oz. gold for its Tomi concession in Venezuela’s Bolivar state. Most of this is contained in h…