Platinova makes find in virgin territory
Geological detective work has led Platinova A/S (TSE) to a large zone of zinc-rich massive sulphides in previously unexplored terrain on the northeast coast of Greenland. By following favorable strati…
News
LAST BUT NOT LEAST — Glamis completes stock issue
Vancouver junior Glamis Gold (TSE) has completed underwriting for the issue of two million special warrants worth $11.2 million. Each special warrant entitles the holder to receive one common share of…
NO HEADLINE (June 28, 1993)
Financings totaling US$27.9 million will enable Canyon Resources (NASDAQ) to advance two gold projects in the western U.S. and continue drilling three gold discoveries in Nevada, Montana and the Domin…
NEWS ROUNDUP — Soquem options Quebec copper play
In an agreement with Virginia Gold Mines (ME), Soquem will acquire a 50% interest in the Sagar-I copper property, 85 km south of Fermont, Que. Soquem must subscribe to a private placement in Virginia …
NEWS ROUNDUP — Wheaton completes private placement
A private placement worth $450,000 has been completed by Wheaton River Minerals (TSE). Two institutional investors each subscribed for 703,125 units at 32 cents each. Each unit consists of one common …
Tombill buys back shares
Toronto-listed Tombill Mines (TSE) plans to make a normal course issuer bid which would allow it to buy back nearly 84,000 of its class A voting shares and more than 85,000 class B shares. All the sha…
STOCK MARKETS — Market jumping over profit-taking in
The Vancouver Stock Exchange resource index reached a record high of 1,353.02 before backing off to 1,313.68, for a gain of more than 23 points during the week ended June 22. The composite index lost …
Mountains dominant feature of Chile’s varied landscape
The South American country of Chile is easily recognizable on a map. Long and narrow and fronting on the Pacific Ocean, it extends 4,300 km from Peru and Bolivia along its northern frontier to Cape Ho…
NEWS ROUNDUP — Orvana explores Madhat project
The Madhat property on Vancouver Island will be further explored this year by Orvana Minerals (VSE). Exploration is being funded by partner Reynolds Metals, which can earn a 50% interest by spending $…
LAST BUT NOT LEAST — Eldor closes sale of Cameco shares
Canada Eldor, a wholly owned unit of federally owned Canada Development Investment Corp., has sold five million shares of Cameco (TSE) to the public at $20.50 per share. The sale reduces federal owner…
Spot prices at a glance (June 28, 1993)
Price (US) Week’s Change Gold* $367.00 – $3.00 Silver* $ 4.27 – $0.05 Platinum* $372.65 – $8.10 Nickel** $ 2.49 – $0.02 Lead** $ 0.18 $0.00 Copper $ 0.85 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
Demag wins bid for Coleraine plant
A consortium headed by German firm Mannesmann Demag has won the bid to build and operate a ferrochrome plant in Tracy, Que., for Ressources Minieres Coleraine (ME). Demag is the world’s leading manufa…