Gignac details Omai operations
Details of the new Omai gold mine in Guyana were presented by the president of Cambior at a recent luncheon of the Canadian Institute of Mining, Metallurgy and Petroleum in Toronto. Louis Gignac said …
News
Program yields positive results from Aurizon’s La Reyna
A $200,000 exploration program has yielded encouraging results at Aurizon Mines’ (TSE) La Reyna copper-gold property in the western Mexican state of Sinaloa. A northeasterly-trending soil anomaly, 4,0…
DIAMOND PAGE — In Ontario and Quebec . . . Drill results
Results are beginning to trickle in from a 73-hole reverse circulation drill program on ground held by Sudbury Contact Mines (TSE) in the Kirkland Lake diamond camp, says exploration geologist Peter H…
Cambiex closes public offering
Montreal-based Cambiex Exploration has closed its initial public offering of 5,000 units at $1,000 per unit. Each unit consists of 800 flow-through common shares and 200 common shares at $1 per share….
Noble Peak wins private placement
Toronto-based Noble Peak Resources (ASE) has entered an agreement with four private investors to raise $750,000. The placement comprises about $600,000 in flow-through common shares at $1.05 per share…
Orleans processing bulk sample at St-Onge
Reaching what President Jean-Guy Masse describes as a major threshold, Orleans Resources (ME) has received positive results from samples taken on its St-Onge wollastonite deposit near Lac St. Jean, Qu…
Repadre Capital acquires NSR royalty on B.C.’s Golden Bear
Toronto-based Repadre Capital (VSE) has signed a letter of intent with Wheaton River Minerals (TSE) giving the former a net smelter return (NSR) royalty on all mineral production from North American M…
Financing (June 07, 1993)
Braiden Resources Ltd. — 500,000 units @ 61 cents and each unit consists of sh and 2 series A wts and 2 series A wts purchase sh. Golden Ring Resources Ltd. — 1,000,000 units @ 40 cents and each uni…
DIAMOND PAGE — Overseas… KWG signs letter
KWG Resources (ME) has signed a letter of intent to buy 50% in four concessions in the municipality of Coromandel, Brazil, for US$1.8 million. One of the concessions, Charneca, produced diamonds value…
NEWS ROUNDUP — Campbell to issue special warrants
Toronto-listed Campbell Resources is planning to sell $10-15 million in special warrants which can be swapped for common shares at 88 cents each. Proceeds from the financing will be used to develop re…
Morgain applies for Mexican incentive
Toronto-based Morgain Minerals (VSE) is one of the first Canadian juniors to apply for Mexico’s new exploration and exploitation incentive program. Under the program, the Mexican government will finan…
Noranda re-works Montanore deal
Partners Noranda Minerals (a subsidiary of Toronto-listed Noranda) and Montana Reserves (a private company) have restructured the ownership of their Montanore silver-copper property near Libby, Mont. …