To raise funds for exploration on its Brookbank gold property near Beardmore, Ont., Ontex Resources (ASE) has reached an agreement-in-principle for a private placement of 500,000 units to a private co…
Denver-based Echo Bay Mines (TSE) says it will reduce the book value of its investment in the Kettle River gold property in Washington state and two exploration properties by a total of US$18.1 millio…
A program of grid cutting and electromagnetic (EM) surveys is under way on the Casa Berardi property of East West Resource (VSE) in northwestern Quebec. The company says that the EM surveys are being …
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…
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 …
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…
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…
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…
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…
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…
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…
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…
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