News


Gold Funds (November 15, 1993)

Gold Funds as of Nov. 9 BGR Central Net Value $14.87 $5.91 Price $13.50 $6.50 Premium 10% Discount 9.21% Value $83,290,000 $117,645,450…


Financing (November 15, 1993)

Argosy Mining — 8 million shs @ 45 cents. Braiden Resources — 500,000 units @ 61 cents. Canso Explorations — 600,000 units @ 85 cents. Red Fox Minerals — 1 million shs @ 50 cents. Silverstone Reso…


Starcore to explore platinum project

By March of next year, Starcore Resources (VSE) plans to spend at least $475,000 on its recently optioned Goodnews Bay platinum property in western Alaska. The company can earn a 70% interest from the…


Teck sets exploration sights on Ecuador and B.C.

Teck (TSE) is stretching its exploration arm both north and south. The Vancouver-based major has entered an agreement with Ecstall Mining (VSE) to increase its property holdings in eastern British Col…


NEWS ROUNDUP — Freewest to drill Verneuil 100

Geophysical and geochemical surveys are nearing completion on Golden Tag Resources (VSE) Verneuil 100 property in northwestern Quebec. Freewest Resources (TSE), the operator of the work program, can e…


Uranerz drilling Nevada gold play

Uranerz U.S.A. has experienced mixed results after completing several reverse circulation holes at the Slaven Canyon North project in Lander Cty., Nev. Although the program confirmed the presence of g…


LETTERS TO THE EDITOR — MPs and their big pensions

Canadians shouldn’t lose too much sleep worrying about all those Members of Parliament (MPs) who were fired Oct. 25. That’s because 73 of them instantly qualified to start collecting their gold-plated…


NEWS ROUNDUP — Breakwater granted Honduran play

The Honduran government has granted Breakwater Resources (TSE) a 1,200-hectare exploration concession in the centre of the country. The 1,200-hectare La Chacra property is 100 km by road from the comp…


Major nickel producers are in cost-cutting mood

The nickel industry has reacted to lower prices by cutting costs. A study by research firm Brook Hunt & Associates of England says producers have chosen not to reduce production by a meaningful amount…



Permits in place for Montanore

Permits have been completed for development of the Montanore copper-silver deposit in northwestern Montana. Giant Bay Resources (TSE) and private company Montana Reserves, along with joint-venture par…


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