GOLD FUNDS (March 15, 1993)
BGR Central Net Value $8.67 $4.86 Price $6.75 $4.50 Discount 22.13% 7.4% Value $48,557,000 $75,709,350…
News
Dia Met outlines plans for Lac de Gras sampling
A long-awaited summary of Dia Met Minerals’ (TSE) diamond exploration plans for the Northwest Territories was released recently. As previously reported, Dia Met and partner BHP Minerals Canada will bu…
LATIN AMERICA SPECIAL — Canada and Mexico discuss
A memorandum of understanding on developing ties between the mineral industries of Canada and Mexico was signed in Ottawa recently by officials of the two North American countries. The officials met t…
LATIN AMERICA SPECIAL — Petroleum study for South America
An agreement to manage and market a Sub-Andean Basins petroleum study has been signed by Petroleum Information Canada and ARPEL, the Latin American State Oil Co. Association for Reciprocal Assistance….
InterStar closes manganese sale
The first commercial sale of manganese ore production from the Burkina Faso mining project in Africa has closed, InterStar Mining Group (CDN) reports. The 10,000-tonne purchase order was processed by …
Aur search for base metals extends to eastern U.S.
In its search for new volcanogenic massive sulphide deposits, Aur Resources (TSE) has targeted the Northern Volcanic Belt in the Appalachian mountains of Maine and New Hampshire as a top priority. Thi…
Cameco property reserves decline
Reserves have decreased at Cameco’s (TSE) mineral properties in Saskatchewan. As of Jan. 1, 1993, the company’s share of uranium reserves from five deposits was 460 million lb. U3O8. This represents a…
Nebex plans drill program for two Yellowknife prospects
Calgary-based junior Nebex Resources (ASE) will soon start surface drilling on its Walsh Lake and adjacent Northbelt gold properties, immediately north of Royal Oak Mines’ (TSE) Giant Yellowknife gold…
Ontex placement falls through
Mr. Osama Eissa, who had agreed to subscribe to a private placement of up to 500,000 units of Ontex Resources (ASE) at $1.21 per unit, has failed to complete the placement. As a result, the agreement …
LATIN AMERICA SPECIAL — Bolivia is poised to benefit from
Having enjoyed more then 10 unbroken years of democratic government and offering some of the most favorable investment rules in Latin America, Bolivia looks increasingly promising to mineral investors…
EDITORIAL PAGE — Opening up the north
Times are a-changing for everyone. What used to be considered the frontier lands of northern Canada have today been, if not tamed, then slightly subdued by civilization. Political events both at home …
LATIN AMERICA SPECIAL — Panama boasts mining potential
Despite its massive copper potential, Panama’s first major mining operation may be gold. The country’s Cerro Colorado project is a major porphyry copper deposit. It is in the western part of the count…