Ft. MacKay deal nixed by Lac and Tintina
Three TSE-listed companies — Lac Minerals, Tintina Mines and NSR Resources — have ceased negotiations to pool land and jointly develop a gold exploration program in the Fort MacKay area of northeast…
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GOLD FUNDS (July 25, 1994)
Gold Funds as of July 18 BGR Central Net Value $17.06 $6.74 Price $15.25 $7.125 Premium 5.7% Discount 10.60% Value $138,597,000 $128,957,513…
NEWS ROUNDUP — Louvem acquires Peruvian gold play
Toronto-listed Louvem Mines has acquired a 12,350-acre, gold-bearing, gravel property in southern Peru. Situated near Nazca on the costal plain, the ground was staked at a cost of US$10,000. The gold-…
NEWS ROUNDUP — Chase expanding Philippine ground
Chase Resource (TSE) has acquired the right to explore and develop 95,000 hectares on the southern Philippine island of Mindanao. The ground includes and surrounds the T’Boli gold exploration project …
Upbeat results on MVP projects
Affiliated companies MVP Capital (TSE) and Excellon Resources (VSE) have completed a 14-hole, 6,125-ft. reverse circulation drill program on their jointly owned TDC Leases, near Tombstone, Ariz. Four …
Wheaton River to raise $2 million
Wheaton River Minerals (TSE) is offering a private placement of 1 million special warrants at $2 each. Each warrant will entitle the holder to acquire one unit consisting of a common share and half a …
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…
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…