News

A proposed merger has been announced by Quebec Sturgeon River Mines (TSE), The Coniagas Mines (TSE), Garrison Creek Consolidated Mines (CDN) and Anglo Dominion Gold Exploration (TSE). Share exchange r…

A court date to hear charges against mining promoter Patrick Sheridan has been postponed until Jan. 5, 1993, says the Ontario Securities Commission (OSC). Originally scheduled for Aug. 25, the OSC hea…

Getting in and out of the mining business is becoming much more costly, thanks to securities demanded for abandonment, a Vancouver lawyer said at a recent environmental law conference here. Lynne Hues…

Drilling is under way on the Taysan copper-gold project in the Philippine province of Batangas. Chase Resources (VSE) has an option to acquire a 59.9% interest in the project by making a cash payment …

A new process plant for the Goldenrae gold mining project in Ghana, West Africa, is in operation, Sikaman Gold Resources (TSE) reports. The company says the contractor, IHC of Holland, is to complete …

To increase working capital, Western Quebec Mines (TSE) has arranged a private placement with four investors for proceeds of $600,0000. The placement consists of 15-month promissory notes at 9% and 24…

Using figures released by BHP Minerals Canada and Dia Met Minerals (VSE), Christopher Jennings, president of SouthernEra Resources (TSE), estimates that the Point Lake kimberlite in the Northwest Terr…

A special meeting of Fiedmont Resources’ (CDN) shareholders has been called for Nov. 2, in order to approve a reorganization of the company. Fiedmont will no longer be involved in mineral exploration….

Almost two years after an Ontario court awarded the Brookbank gold property near Beardmore, Ont., to Ontex Resources (ASE), President George Chilian of Metalore Resources (TSE) says he is sure his sha…

Spirit Res. Ltd. – 1,400,000 units @ $1.05 per unit. Each unit consists of 1 sh and 1 wt. 2 series `A’ wts. to purchase 1 sh.

BGR Central Net Value $8.56 $5.20 Price $7.00 $4.95 Discount 18.22% 4.8% Value $50,372,000 $83,280,285…

An agreement to acquire a calcium carbonate deposit near Tweed, Ont., has been negotiated by Eastern Stone Products (ASE). The company says sampling indicates a high degree of purity and brightness an…