NEWS IN BRIEF (October 11, 1993)
Enterprises Resources (ERI:VSE) has changed its name to ERI Ventures with a consolidation of capital on a 1-new-for-3-old-share basis. The new company is no longer interested in mining. The transfer a…
News
Bolivar set to begin $5-m field programs
Vancouver-listed Bolivar Goldfields will use proceeds from a $7.5-million financing to expand exploration in Venezuela’s Bolivar state. Activity will be focused on the gold districts of El Callao, Chi…
DIAMOND PAGE — Dia Met clarifies media reports on Lac de
The Lac de Gras region of the Northwest Territories received some international attention recently as BHP held its annual meeting in Melbourne, Australia. A news service reported BHP Chairman Brian Lo…
GOLD FUNDS (October 11, 1993)
Gold Funds as of Oct. 5 BGR Central Net Value $13.31 $5.72 Price $11.75 $6.375 Discount 11.73% 11.5% Value $74,562,000 $115,383,038…
EDITORIAL PAGE — Taken for granted
It seems that too many Canadians see only the benefits of a world in which mining and its “loathsome” Windy Craggys are absent. It would be true, for example, that the world would be a quieter place w…
COMMENTARY — Pipes susceptible to erosion
Kimberlites and lamproites were intruded through the Earth’s crust over a wide variety of ages. Not surprisingly, they have all experienced some degree of erosion. In Botswana, a thick cover of windbl…
LETTER TO THE EDITOR — Make your mining views known
We should think back during the past four years and count the number of times we have cursed all levels of government for the lack of support shown to mining. The dire situation we face in virtually e…
Crown Butte Res. awaits approval
Annual output at Crown Butte Resources (TSER) New World project in Montana is projected to be 130,000 oz. gold. The company is awaiting a decision on an environmental impact statement which would ena…
Adrian commissions Petaquilla study
Adrian Resources (VSE) has retained Kilborn Engineering to carry out a study of the Cerro Petaquilla concession in Panama. The study will enable Teck (TSE) to decide whether or not to participate in t…
Dayton decides to go it alone
After a series of fruitless merger proposals, Dayton Mining (TSE) has decided to develop the Andacollo project on its own, for the time being. The project, in central Chile, was last estimated to cont…
Diamond Fields raises $5 million
A brokered private placement of 1.5 million special warrants at $3.40 each will net Diamond Fields Resources (VSE) just under $5 million. The issue replaces a financing which the company was forced to…
Deep extension possible: MSV
Drilling by MSV Resources (ME) on its Copper Rand property near Chibougamou, Que., indicates a deep extension of the gold-copper mineralization. The company says “interesting gold and copper values” w…