FINANCING (December 13, 1993)
Euro-Nevada Mining — 1.1 million units consisting of sh and purchase wt @ $38 per unit. Equinox Resources — 3 million shs to be issued upon exercise of 3 million special wts. Each unit consists of o…
News
Redfern winds down Tulsequah Chief drilling in B.C.
Drilling at the Tulsequah Chief and Big Bull projects in northwestern British Columbia has finished for the year. The result, says Redfern Resources (TSE), is that the potential of Big Bull has been c…
Inventory levels dog metals markets
Metal markets, though bloated with high production and inventories, continue to draw encouragement from consumption figures. Announcements of cutbacks and increased consumption are welcome but are not…
MSV reserves
Reserves at the Portage and Copper Range mines at Chibougamau, Que., have doubled. MSV Resources (ME), which acquired the properties some nine months ago, reported minable reserves (as of Nov. 30) of …
Positive feasibility study at Geomaque’s Mexican play
Junior Geomaque Explorations (CDN) has received a positive feasibility study on its San Francisco heap-leach gold project in northwestern Mexico. The study, based on more than 98,000 ft. of drilling, …
NEWS ROUNDUP — Bulk sampling at Beaufor project
Encouraging results are reported from the Beaufor project, 16 miles northeast of Val d’Or, Que. Aurizon Mines (TSE) and Louvem Mines (TSE) say a 3,650-ton bulk sample has yielded 810 oz. gold, with a …
NEWS ROUNDUP — BHP options Arizona copper bet
In Arizona, BHP Minerals International Exploration has optioned 13 state mining leases and four federal claims from MVP Capital (TSE) and Excellon Resources (VSE). The property, in the Robber’s Roost …
LAST BUT NOT LEAST — Monk acquires interest in gold play
Alberta-listed Monk Gold & Resources has acquired from DSE Resources a 27% interest in a placer gold operation in Western Argentina. Monk will acquire its stake in the Cerro Mayal project for $3.2 mil…
LAST BUT NOT LEAST — Hand-Me-Down drilling planned
A second phase of drilling is planned for the Hand-Me-Down property in Nevada’s Crescent Valley. Gold Giant Minerals (VSE) and Pan-Global Enterprises (VSE) are earning a 49% interest from Hemlo Gold M…
LAST BUT NOT LEAST — Princeton sells half of Teranov
Black Hill Minerals has bought a half interest in Teranov Mining and can buy the other half from owner Princeton Mining (TSE) on or before Dec. 1, 1994. In return for the initial half interest, Black …
U.S. companies aim to fight new 8% royalty legislation
While mining companies with U.S. interests may be investing more in offshore opportunities, they are nevertheless determined to fight legislation that would make it next to impossible for them to expl…
Nova Scotia government offers hope to ailing industry
The recently elected Liberal government of Nova Scotia intends to create “a balance point” between environmental and mining interests over the next year, said Donald Downe. Downe, natural resources mi…