Correction (March 28, 1994)
Colorado-based Horizon Resources (NASDAQ), which operated the Buffalo Valley heap-leach gold project in Nevada from 1987 to 1990 under the name Horizon Gold (T.N.M., March 7/94), returned the lease to…
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LETTERS TO THE EDITOR — Franklin speaking at CIM luncheon
The chief geologist of the Geological Survey of Canada (GSC), James Franklin, will speak about the future of Canadian mining in an address April 7 to the Toronto branch of the Canadian Institute of Mi…
COMMENTARY — Caring for the environment
The Prospectors and Developers Association of Canada recently recognized Hudson Bay Mining and Smelting for its environmental initiatives. The company mines and process metals — primarily copper, zin…
Rhand acquires Lone Mountain
Alberta-listed Rhand Industries has an option to acquire Lone Mountain Mining, a privately owned US company. As consideration, Rhand has issued 50,000 common shares and will spend $US250,000 on explor…
Orvana expands Bolivian activities
An agreement for joint exploration in Bolivia has been negotiated by Orvana Minerals (TSE) and its Bolivian partners, Empresa Minera Unificada S.A. (EMUSA) and Merwin Bernstein. The agreement includes…
MacDonald Mines secures financing
A numbered Ontario company has agreed to underwrite private placements of MacDonald Mines Exploration (CDN). The placements will be in the form of treasury shares and warrants and will be worth up to …
ODDS’N’SODS — Timmins, yesterday and today
My brother-in-law recently gave me a tour of Timmins, Ont., to show me the new shopping malls, residential districts, the multi-million dollar hospital, new parks, and so on. It was most impressive so…
Tri Origin raising $3.7 million
A private placement of 1.2 million units of Tri Origin Exploration (TSE) is expected to raise $3.7 million. The proceeds will finance drilling on the Lewis Ponds project in New South Wales, Australia….
Trillion acquires Botswana licences
Ottawa-based Trillion Resources (TSE) has acquired 13 prospecting licences in southwestern Botswana. The area comprises 11,357 sq. km in the Kalahari district and can be explored for gold, base metals…
EDITORIAL PAGE — Left out in the cold
Last week’s agreement between the U.S. and Russia over uranium imports into the U.S. is a slap in the face to Canadian producers. It is also a violation of the Canada-U.S. Free Trade Agreement (FTA). …
Government of Ghana reducing Ashanti stake
The parliament of Ghana has authorized the government to privatize gold producer Ashanti Goldfields. Minister of Finance and Economic Planning Kwesi Botchway told Agence France Presse in Accra that “t…
Falconbridge share issue pondered
The joint owners of Falconbridge, Noranda (TSE) and Swedish-based Trelleborg are investigating the possibility of a treasury issue of common shares of Falconbridge. Proceeds would be used to reduce de…