Mixed results for DHK
Salt Lake City, Utah-based Kennecott has released results from seven kimberlite pipe targets drilled this summer on the DHK project in the Northwest Territories. The verdict: mixed. The latest results…
News
Miramar lands Con funding
VSE-listed Miramar Mining has secured funding for its purchase of the Con mine in Yellowknife, N.W.T. Sprott Securities and Yorkton Securities agreed to buy, through a bought deal, 11.25 million speci…
NEWS ROUNDUP — Cornucopia buys Drinkwater project
Having completed a due diligence review, Cornucopia Resources (TSE) has exercised its option to acquire the Mary-Drinkwater gold project near Silver Peak, Nev. The company paid US$230,000 for the prop…
Champion drilling Hachita project
A 12,000-ft. drill program is testing five separate gold skarn targets, identified by geophysics and surface sampling, on the Hachita property in the southwest corner of New Mexico. The 24-hole progra…
EDITORIAL PAGE — Give us a break
We are a high-wage, highly educated society. We cant simply rely on shipping out our natural gas and crude oil and lumps of rock. So says Robert Fairholm, managing economist at DRI/McGraw-Hill in Toro…
Drilling completed by Hillsborough at El Oro
Partners Hillsborough Resources (TSE) and publicly owned Industrias Luismin S.A de C.V. have completed the initial phase of exploration drilling on the San Rafael vein in Mexicos El Oro gold district….
MDAs in Alberta yield valuable data
Preliminary results from Albertas first mineral development agreements (MDAs) show that brines and uranium have the greatest mining potential. Nevertheless, the greatest demand, by far, is for informa…
TORONTO STOCK EXCHANGE INDICES (August 09, 1993)
Week Aug 3 Aug 2 Ju1 30 Jul 29 Jul 28 High Low Composite”300″ 3976.50 N/A 13967.23 3957.55 3923.10 13979.05 3918.72 Metals&Minerals 3006.45 N/A 12932.49 2916.27 2920.94 13007.28 2916.27 Integrated Min…
NEWS IN BRIEF (August 09, 1993)
South Atlantic Ventures (SCV:VSE) has changed its name to Southern Copper Corp. (SOU:VSE) with no consolidation of capital. The transfer agent is Montreal Trust.
Chase nets $2.75 million
Chase Resource (VSE) has received $2.75 million following the exercise of certain series A warrants and non-transferable agents warrants. About 1.5 million warrants were originally issued as part of a…
Serem adds to Cheni Gold position
French government-controlled Serem has bought an additional 1.4 million shares of Cheni Gold Mines (TSE) in accordance with a 1992 subscription agreement. Serem, which is based in Paris, can buy up to…
Asarco hurt by low metal prices; NEWS IN BRIEF
Desert Gold Resources (DGR:VSE) has changed its name to Desert Holdings Inc. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.