Cyprus, Holmstead in joint venture
Junior International Holmstead Resources (VSE) will join with Cyprus Canada to explore the former’s Rand gold property. The property comprises nine contiguous claims in the southeastern part of Kirkla…
News
Sherritt completes share offering
Toronto-listed Sherritt has offered 18.5 million common shares at $11 each, on a bought-deal basis. Proceeds of $194 million will be used partly for acquisitions. The company has entered discussions w…
Toronto Stock Exchange Indices (March 07, 1994)
— 1994 — Mar 1 Feb 28 Feb 25 Feb 24 Feb 23 High Low Composite”300″ 4390.43 4423.84 4364.23 4329.12 4368.35 4601.09 4286.54 Metals&Minerals 3584.95 3661.93 3618.73 3555.22 3569.71 3855.09 3495.59 Int…
Spot prices at a glance (March 07, 1994)
Week’s Price (US) Change Gold* $376.45 – $1.05 Silver* $ 5.24 + $0.06 Platinum* $390.25 – $3.25 Nickel** $ 2.59 – $0.06 Lead** $ 0.20 – $0.01 Copper $ 0.84 $0.00 Zinc $ 0.43 $0.00 Courtesy of Scotiaba…
T&H interested in cement plant
Junior T&H Resources (TSE) is negotiating with Michael Zhang for the right to acquire up to a 60% interest in a cement plant, near Changchun in southeastern China. By way of a private placement, Zhang…
Hemlo lawsuit back in courts
The battle for riches from Ontario’s famous Hemlo gold camp is back in the courts. Three motions are to be heard this week in the Ontario Court, General Division, regarding the 7-year-old lawsuit brou…
EXPLORATION ’94 — Santa Fe options Calneva claims
Under an option agreement with Calneva Resources (VSE), a unit of Santa Fe Pacific will explore claims in Nevada’s Crescent Valley. Santa Fe can earn a 65% interest in Calneva’s Blue Spider claims by …
EXPLORATION ’94 — Mining sector in Newfoundland on recovery
It has been a while coming, but Newfoundland’s mining recession is starting to lift, says the province’s mines minister, Rex Gibbons. Mining companies and individual prospectors are expected to spend …
EXPLORATION ’94 — Gitennes, Kenrich and Ambergate announce
A proposal to merge Gitennes Exploration (ASE) with Kenrich Mining (VSE) and Ambergate Explorations (VSE) would provide the amalgamated company with a broad base of exploration properties in Canada. T…
Acadia signs first deal — Nunavut lands open to mining
In a positive sign for the exploration industry, two companies have inked the first agreement to explore and develop deposits in the newly formed region of Nunavut in the eastern Northwest Territories…
MSV opens up new greenstone belt
Having acquired the local mining assets of Westminer Canada in February, 1993, MSV Resources (TSE) now finds itself with excess milling capacity. The 3,000-tonne-per-day mill, situated at Copper Rand …
EXPLORATION ’94 — Ups and downs of small-scale mining
Small-scale, underground gold mines have been a feature of British Columbia’s history for well over a century. Some have been likened to slot machines which empty the pockets of over-eager investors, …