Gold Funds (October 25, 1993)
BGR Central Net Value $14.04 $6.00 Price $14.38 $6.625 Premium 2.39% 10.4% Value $78,637,000 $119,907,863…
News
Westminer Canada options Timmins base metal property
In an agreement reached with Moneta Porcupine Mines (TSE), Westminer Canada can earn up to a 100% interest in a 65-sq.-km base metal property near Timmins, Ont. The property is in Jamieson, Macdiarmid…
Republic funding
Republic Goldfields (ME) has arranged US$1.575 million in equity financing. It consists of a private placement, outside North America, of up to 700,000 units at US$2.25 each. Each unit consists of one…
PEOPLE — WESTERN AND PACIFIC RESOURCES
Stephen Roth and Michael Rosenswig appointed directors.
Weaver options Thunder Bay play
Toronto-based Weaver Lake Explorations (CDN) has optioned a 3,960-acre base metal property in the Garden Lake area, 100 km north of Thunder Bay, Ont. The property consists of two claim groups, about t…
STOCK MARKETS — Yamba Lake results boost western market
Positive assay results from the Yamba Lake diamond discovery gave the weakening diamond exploration market a bit of a boost over the week ended Oct. 18. That combined with a move in bullion to the US$…
OSC disclosure rules come under scrutiny
The Ontario Securities Commission (OSC) is reviewing its disclosure policy after a professional organization concluded that valuation reports and fairness opinions relied on by shareholders are “inade…
Financing (October 25, 1993)
Curlew Lake Res. — 1,200,000 shs @ 42 cents. Adobe Res. — 1,500,000 shs @ 10 cents. Callisto Res. — 1,600,000 shs @ 10 cents. Detector Res. — 1,700,000 shs @ 10 cents. Grantham Res. — 1,700,000 s…
Venezuelan delegation reviews Novagold’s mining technology
A delegation of Venezuelan mining personnel are in Halifax to review indoor vat leaching technology developed by Novagold Resources (TSE) for the recovery of gold. The 6-person delegation includes env…
MINING IN MEXICO — U.S. Congress debates NAFTA
The North American Free Trade Agreement (NAFTA) faces a rocky ride from the U.S. Congress as decision time nears. The tri-lateral trade pact among Canada, the U.S. and Mexico, scheduled to come into f…
MINING IN MEXICO — SX-EW copper production grows in
The fall in the copper price in recent months has refocused investors attention on the copper market. In discussions on the subject, a number of people have raised questions about solvent extraction-e…
MINING IN MEXICO — Manhattan adds to property portfolio
A feasibility study for the Moris gold deposit in Chihuahua state is expected by the end of this month. The open-pit, heap-leach project of Manhattan Minerals (VSE) is the most advanced in the company…