Nooramex drilling Bunce gold project
A $500,000 drill program operated by Noramex Minerals (VSE) is now under way on the Bunce gold property in Pershing Cty., Nev. Funds for the reverse circulation drilling program were provided by Annab…
News
Hanson sells Newmont shares
Acquisition from Hanson PLC of London of a 42% interest in Newmont Mining (NYSE) for US$1.1 billion has been completed, General Oriental Investments of Grand Cayman Islands reports. At the same time, …
Spirit Lake funding
Two private placements totalling $300,000 have been completed by Spirit Lake Explorations (ME) which plans to begin a surface drilling program on its Edwards gold project in Jacobson Twp., near Wawa, …
SME invites papers
The Society for Mining, Metallurgy and Exploration (SME) is inviting papers for its 1992 annual meeting, Feb. 24-27, in Phoenix, Ariz. A preliminary abstract of 100 words should be submitted to the ch…
BOOKS IN REVIEW Yellowknife founders tell their stories
The first volume of Yellowknife, N.W.T., an Illustrated History, published recently, is a project initiated by Susan Jackson to commemorate the city’s 50th anniversary celebrated in 1984. Although she…
Ivanhoe in control of S.A. Goldfields with private placement
The board of directors of South American Goldfields (TSE) has been strengthened following the recent completion of a private placement with Ivanhoe Capital Corp. .TControl of the junior gold explorer …
Crown’s Jewel potential up on newest gold results
The potential of Crown Resources’ (VSE) Crown Jewel gold property in northeastern Washington continues to increase as results from a program financed by Battle Mountain Gold (TSE) are released. Crown …
Central Crude plans $7.7 million financing
Through two private placements totalling 700,000 units, Central Crude (TSE) expects to raise $7.7 million for continued exploration on its Eagle River and Moss Lake gold properties in northern Ontario…
GOLDFUNDS (December 17, 1990)
MVP BGR Central Capital Net value $9.38 $5.39 $0.26 Price $8.25 $4.850 $0.13 Discount 12.05% 10.0% 50.0% Value $55,826,331 $81,597,855 N/A…
Viceroy completes share issue
An issue of 700,000 common shares was recently completed by Viceroy Resources (TSE) at $4.75 per share. Net proceeds from the issue were $3.025 million. Viceroy has received no appeals against the rec…
Treminco reports successful year even though small loss was taken
Although Treminco Resources (TSE) reported a net loss of $70,000 for the year ended July 31, cash flow was $1.61 million. This compares with net income of $317,000 and cash flow of $1.96 million in 19…
Inco planning summer shutdowns
Employees of the smelting and refining plants at the Sudbury, Ont., operations of Inco (TSE) will take a 5-week vacation next summer beginning July 1, the company announced. The company’s mining and m…