FINANCING (March 25, 1991)
Moraga Resources Ltd. — 1,000,000 units consisting of 1 sh and 1 wt offered @ 74 cents per unit. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 cents per unit.
News
U.S. REPORT Parklane active in Republic camp
A total of 5,200 acres was recently optioned or staked by Consolidated Parklane Resources (VSE) during its recent land acquisition program in the Republic district of northeastern Washington. The comp…
EDITORIAL B.C. might be ready for a smelter now
There will be big things happening in British Columbia’s mining industry for the rest of this century, big enough to warrant raising the old question of whether the West Coast needs a copper smelter. …
Longold acquires Benoit properties
Vancouver-based Longold Resources (VSE) has acquired two properties in Benoit Twp., Que. where several juniors have recently become active following a recent gold discovery by TSE-listed Freewest Reso…
Rio Algom targeting base metals in new ore search
Toronto-based Rio Algom (TSE) is spending about $20 million this year as part of an aggressive exploration effort to locate new base metal and gold deposits in Canada, says Exploration Vice-President …
Aur plans 2 shafts at Louvicourt, surface drilling continues
Out of the news lately but still busy, the partnership of Aur Resources (TSE) and Societe Miniere Louvem (TSE) is moving fast toward the critical development stage at its Louvicourt Twp. base metal jo…
Toronto Stock Exchange Freewest up as market considers economic
With little else to focus on apart from weak gold prices and a flurry of mixed economic signals, confused investors elected to stay out of the market during the week ended March 19. Although Finance M…
Metall raises $65m from public offering
Metall Mining (TSE) has raised $65 million from a public offering to reduce bank debt and provide funds for other corporate purposes, including the financing of projects in North America, Europe and t…
Falco Gold profit (March 18, 1991)
Toronto-based Falconbridge Gold (TSE) says its 1990 net earnings fell to $5.47 million (41 cents per share), compared with net earnings of $6.12 million (46 cents per share) in 1989. Revenue for the y…
U.S.REPORT Cyprus’ drilling spurs more work
Exploration work is continuing on Savanna Resources’ (ASE) Santa Rosa zinc property under option to Cyprus Metals Exploration in Inyo Cty., Calif. To date, Cyprus has completed an IP (geophysical) sur…
Asiatel options Middlemarch
A junior under the corporate umbrella of Prime Equities (VSE) recently acquired an option to acquire a 60% interest in the Middlemarch property owned by West Pride Industries (VSE). Asiatel Media (VSE…
Repadre active in Botswana
Toronto-based Repadre Capital (VSE), 49% owned by Corona (TSE), has signed a formal joint venture agreement with AMPAL Ltd. of Botswana to explore for diamonds in the African country. Under the agreem…