Sunshine gets lease for Virginius mine
Silver-miner Sunshine Mining (NYSE) has entered a mining lease with Revenue Virginius Mines for the Virginius mine in southwestern Colorado. The mine, now closed, produced more than 14.5 million oz. s…
News
Vior, Soquem drill Douay N.W.
Junior Societe d’exploration miniere Vior (ME) and the Quebec Crown company Soquem report additional drill results from the Douay North-West property near Joutel, Que. Three holes — 94-09, 94-10 and …
ODDS’N’SODS — Tram lines did their job
The tram line was a most effective system for transporting ore, supplies and personnel between the mine and the mill in bygone days. Usually, they were used at inaccessible mine sites or if the cost o…
LETTERS TO THE EDITOR — Criticism is not warranted
I was amazed by the article “Asbestos report is challenged” (T.N.M., March 7/94) and concluded that possibly your staff is biased on the asbestos controversy. You have cited a group of “professors” fr…
Workshop focus on recycling
Toronto will be the site, May 5 and 6, of the Sustainable Development and Recycling Workshop, the first in a series scheduled during the next three years. The workshops are part of an agreement signed…
Armistice issues rights for purchase
Shareholders of Armistice Resources (ME) have been issued rights to buy one share for each four shares held, at a price of 18 cents. The rights were issued to shareholders of record on April 8, 1994, …
Terms of TVI placement change
Terms of a previously announced private placement for TVI Copper (ASE) have changed. The number of special warrants to be issued has increased to 5 million from 3.7 million for gross proceeds of $4 mi…
LAST BUT NOT LEAST — AMR completes placement
A private placement consisting of 43 million shares at 50 cents each has been arranged by Alberta-listed Advanced Material Resources (AMR). Proceeds from the $21.5 million placement will enable AMR to…
NEWS IN BRIEF (April 25, 1994)
Triple 8 Energy (TPL:ASE) has changed its name to Oilexco on a share-for-share basis.
PEOPLE — ARLO RESOURCES (April 25, 1994)
T. Henderson appointed director.
Aur Res. to start drilling at Mainstreet
Toronto-based Aur Resources (TSE) is planning to drill the 7-claim Mainstreet base metal property. The concession, wholly owned by Beaufield Resources (VSE), adjoins Aur’s Lugold property in Louvicour…
PEOPLE — ARGYLE VENTURES
Hugo Calderon appointed chairman; Tas Li appointed president and chief executive officer; Ernesto Lasalle appointed vice-chairman; Andrew Nevin, Daniel Plumley and Steven Pettit appointed directors.