NEWS ROUNDUP — Lenora considers feasibility
In response to the recent rise in the price of gold, Greater Lenora Resources (TSE) is considering carrying out a final feasibility study on the Goldfields property in northern Saskatchewan. The prope…
News
Tenajon drilling tests Storm zone
Tenajon Resources (VSE) has released assay results from the first four holes drilled to test the Storm zone on the SB property near Stewart, B.C. The zone is believed to be a faulted-off portion of th…
Cambiex releases drill results from Philibert gold bet
Montreal-listed Cambiex Exploration has released initial results from a 14,000-metre program on the Philibert gold property near Chibougamau, Que. A hole drilled into Zone 179 intersected 10.2 metres …
Odd-lot sales extended by Lac
Toronto-listed Lac Minerals has been granted permission by the Toronto Stock Exchange to extend its small-shareholder, odd-lot selling program to Oct. 4. The previous deadline was July 30.
LETTERS TO THE EDITOR — Canada exporting engineers
Canadian mining and services companies are highly regarded internationally for technological, environmental and operational excellence. Mining can be seen as one of the pre-eminent environmental scien…
STOCK MARKETS — Base metal, diamond stocks both take a
Concern over second-quarter earnings and weak metal prices took its toll on base metal producers during the week ended July 20. For far less tangible reasons, the diamond stocks also took a beating. O…
NEWS ROUNDUP — Magma Copper buys into Sanchez
Financing of the Sanchez mine project in southeastern Arizona is one step closer to completion following an agreement between owner Azco Mining (TSE) and Magma Copper (NYSE). Magma agreed to buy a 15%…
Book Review — Gold a unique, evolving commodity
The International Gold Trade, by Tony Warwick-Ching, Woodhead Publishing, Abington Hall, Abington, Cambridge, England, CB16AH (US$150). This book provides a comprehensive survey of a rapidly evolving …
Conwest, Faraday directors announce amalgamation plan
The boards of directors of Conwest Exploration and Faraday Resources have approved an amalgamation of the two Toronto-listed companies. Faraday shareholders will receive 0.42 common shares of the amal…
Toronto Stock Exchange Indices (July 26, 1993)
— Week — Jul 20 Jul 19 Ju1 16 Jul 15 Jul 14 High Low Composite”300″ 3876.14 3867.74 3901.79 3931.27 3941.66 3957.09 3855.68 Metals&Minerals 2850.56 2828.13 2852.17 2887.52 2937.33 2963.14 2815.42 In…
Gold Funds (July 26, 1993)
BGR Central Net Value $13.93 $6.31 Price $12.13 $7.00 Discount 12.96% 10.9% Value $78,035,000 $126,695,100…
Financing (July 26, 1993)
Adda Minerals Company Ltd. — 800,000 shs @ 35 cents.