Cazador deadline is extended
A deadline to complete $400,000 of feasibility-related expenditures at the Keystone joint venture at Lynn Lake, Man., was recently extended to March 31, 1993, from the end of 1992. The deadline is par…
News
Aurex arranges financing for Chilean tailings project
A recently arranged private placement should give Aurex Resources (VSE) sufficient funds to complete a prefeasibility study on the Cauquenes tailings project in Chile. The placement, arranged through …
LATIN AMERICA — Canyon prepares for writedowns
Asset writedowns totalling about US$14 million are expected to be released by Canyon Resources (NASDAQ) for its 1992 fourth quarter ended Dec. 31. The Colorado-based company said the writedowns reflec…
EDITORIAL PAGE — The gold market
In terms of economic cycles, 12 years is a long time to wait for a turnaround. Patience may be a virtue, but for gold bugs, the return of the yellow metal’s price to some form of respectability is lon…
NEWS ROUNDUP — CanTung amalgamation approved
Shareholders of Canada Tungsten Mining, Canamax Resources and Minerex Resources approved an amalgamation plan at special meetings held recently in Toronto. With court approval also in hand, the compan…
OBITUARY — Bruce Hurdle managed Cominco Potash
Renowned mining engineer Bruce Edgar Hurdle, who spent his entire career with Cominco Ltd. and its subsidiaries, died recently. He was 79. Born in Winnipeg, Hurdle grew up in Edmonton. Upon graduation…
Exall’s Roman purchases shares
The president of Exall Resources (TSE), Stephen Roman, recently increased his interest in the company to about 21.8% by way of a private placement. Roman bought 750,000 shares and received warrants en…
Arbor, Wealth projects returned
Several grassroots exploration prospects were returned to Wealth Resources (VSE) and Arbor Resources (VSE) after various joint venture partners failed to return significant mineralization from 1992 ex…
NEWS ROUNDUP — Adonos and Bellex amalgamating
The amalgamation of Adonos Resources (TSE) and Bellex Mining (VSE) has been approved by shareholders of both companies. The name of the amalgamated company, to be based in Vancouver, is ADEX Mining, a…
NEWS ROUNDUP — Chase hires a fiscal agent
A fiscal agency agreement was recently completed between First Marathon Securities and Chase Resource (VSE). Under the terms of the agreement, First Marathon will act as fiscal agent and financial adv…
INSIDER TRADING — Skyline director sells during rally
During the last week of November, when the shares of Skyline Gold (VSE) soared to $1.15 cents from 30 cents, director and majority shareholder Ronald Shon sold a small portion of his indirect holdings…
Mexico charts mineral deposits
A resource map, recently released by the Mexican government, re-charts the country’s mineral deposits, says the Mexican Investment Board. The fifth version since 1889, it is the first to have used sta…