Canuc completes new rights offering
A rights offering has netted Canuc Resources (CDN) about $510,000. The capital infusion will, once again, enable Canuc to explore for minerals. The company is currently evaluating two gold properties …
News
Placer and Minera Rayrock copper projects part of $5-billion
About $5 billion will be invested in Chile’s copper mining industry over the next three years, according to a survey by the Centre of Copper and Mining Studies (Cesco) in Santiago. Between 10 and 15 n…
Roca Roja operating Mexican heap-leach property
The wholly-owned Mexican subsidiary of Walhalla Mining of Australia officially opened, in mid-November, its Amelia heap-leach gold mine in the hills of northern Sonora state. Minera Roca Roja was plan…
Golconda drilling California gold play
Drilling has begun on Golconda Resources’ (ASE) Star City gold deposit in California. Previous work outlined a large reserve of low-grade gold mineralization minable by open-pit and heap-leach methods…
NEWS ROUNDUP — Mink, Viceroy expand Mali ground
Partners Mink Resources (VSE) and Viceroy Resources (TSE) are expanding their exploration program in West Africa. The joint venture will now explore a property owned by the Bureau de Recherches Geolog…
EDITORIAL PAGE — Bad timing
In case anyone needed reminding that Canadian mining has entered a new era, in which projects must be justified in terms not merely of economics but of environmental and social concerns as well, they …
More mixed results from Damoti Lake
Toronto-listed Athabaska Gold Resources has reported new drill results from the Damoti Lake property, and again the values are mixed. Assays from Hole D-15, drilled to test the east band of iron forma…
NEWS ROUNDUP — BHP options Matagami prospect
Alberta-listed Kingswood Resources has granted BHP Minerals Canada the right to earn a 70% interest in its base metal property southwest of Matagami, Que. BHP, which will operate the project, can earn…
LETTERS TO THE EDITOR — Government shouldn’t hinder mining
A recent issue of the Saskatoon Star Phoenix newspaper carried two articles, one titled “Recognition of city as mining centre overdue” and the other “Panel report death knell for uranium industry?”. T…
Gold Funds (November 15, 1993)
Gold Funds as of Nov. 9 BGR Central Net Value $14.87 $5.91 Price $13.50 $6.50 Premium 10% Discount 9.21% Value $83,290,000 $117,645,450…
Financing (November 15, 1993)
Argosy Mining — 8 million shs @ 45 cents. Braiden Resources — 500,000 units @ 61 cents. Canso Explorations — 600,000 units @ 85 cents. Red Fox Minerals — 1 million shs @ 50 cents. Silverstone Reso…
Starcore to explore platinum project
By March of next year, Starcore Resources (VSE) plans to spend at least $475,000 on its recently optioned Goodnews Bay platinum property in western Alaska. The company can earn a 70% interest from the…