TSE Short Positions (August 30, 1993)
Semi-monthly reports as of Aug 15, showed 73,606,340 shares of 740 issues compared with 80,264,553 shares of 723 issues on Jul 31. Larger individual positions included: Aber 123,600; Amer. Barrick 143…
News
NEWS IN BRIEF (August 30, 1993)
New Lintex Minerals (NLN:VSE) and Willow Creek Coal have amalgamated to form Globaltex Industries (GTZ:VSE) with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Mont…
New Island, Goldbar in Newfoundland bet
Drilling is to begin shortly on the Glover Island gold property in central Newfoundland. The 9,800-13,100-ft. program will primarily test the Lunch Pond South Extension zone where a hole drilled late …
Eldorado starts La Colorada program
A program aimed at expanding reserves and finding new deposits has begun on Mexico’s La Colorada project. Operator Eldorado (VSE) is earning a 70% interest in the 13-sq.-mile property from Campbell Re…
Feasibility study for McDonald project
A final feasibility study will examine the McDonald gold deposit near Lincoln, Mont. Canyon Resources (NASDAQ) has a 27.75% interest in the joint venture, which is operated by senior partner and major…
Gold intersected at Glen Auden’s bet
Encouraging gold values have been returned from three holes on Glen Auden Resources’ (CDN) Sewell-Reeve property, southwest of Timmins, Ont. The holes, drilled by Hemlo Gold Mines (TSE), cut a wide se…
STOCK MARKETS — Summer slowdown continues on western market
With little news from the diamond exploration front and gold drifting just above the US$370 level, market action on the Vancouver Stock Exchange remained relatively quiet. For the report period ended …
Financing (August 30, 1993)
Champion Bear Resources Ltd. — Private placement of 130,800 shs @ $2.75 on a flow-through basis. Solidor Resources Inc. — 600,000 units @ 40 cents and each unit consists of sh and 2 wts. 2 A wts buy…
Akiko announces work programs
Joint-venture exploration programs are under way at the White River claims in Ontario and the Crescent Valley project in Nevada, reports Akiko Gold Resources (VSE). The White River gold project will b…
Agnico sees potential in La Ronde’s Zone 20
The Zone 20 orebody at the LaRonde gold mine west of Val d’Or, Que., has the potential to increase reserves significantly, Agncio-Eagle Mines (TSE) reports. The company has calculated a preliminary re…
ODDS’N’SODS — Overdue salute to Ernie Boffa
I have fond recollections of Ernie Boffa. He was born in northern Italy in 1904 and came to Canada with his parents and three sisters in 1907, settling in Alberta. In 1915, the family was in Fort Will…
PEOPLE — INT’L MAHOGANY (August 30, 1993)
A. Hendricksz appointed chairman; T. Crom appointed president and director.