GOLD FUNDS (July 06, 1992)
BGR Central Net Value $8.14 $5.07 Price $6.50 $4.60 Discount 20.15% 9.30% Value $48,468,000 $77,391,780…
Articles by Northern Miner Staff
Major General invests in Swannell
The recent purchase of 248,500 shares of Swannell Minerals (VSE) by Major General Resources (VSE) gives Major General a 12.07% interest in Swannell’s issued and outstanding shares. Major General Presi…
Tandem, Noranda plan Val d’Or work
Despite severe difficulties facing junior mining companies today, Tandem Resources (ME) is one that is really trying. Under the thumb of mining engineer S.G. Hawkins, there are no less than five activ…
Continental rights offering expected to raise $2 million
To raise money for exploration on its diamond properties in Northern Ontario and Arkansas, Continental Precious Minerals (ME) has made a rights offering of one million units to its shareholders. Under…
Arizona boosts Aldebaran tonnage
Following the completion of a recent drilling program on the Aldebaran property in northern Chile, Arizona Star Resource (VSE) estimates reserves in all categories at 75.1 million tons grading 0.025 o…
MacDonald defers annual meeting
MacDonald Mines Exploration (CDN) says it will postpone its annual meeting from the end of June to Oct. 16 to allow time to negotiate an agreement which could save the company. MacDonald President Mil…
LATIN AMERICA — Aldermines plans placer production
An encouraging engineering report and economic evaluation of a gold and silver placer mining project on the Neuquen River in Argentina has been released by private company Aldermines Corp. of Toronto….
LATIN AMERICA — Auromar, Monte Carlo drilling
The first reverse circulation drill hole of a program testing a gold property on the Caribbean island of Aruba was completed recently, Auromar Development (VSE) and Monte Carlo Gold Mines (ASE) report…
LATIN AMERICA — Quarterly dividend for Southern Peru?
A quarterly dividend is being considered by Southern Peru Copper, which owns and operates a pair of mines and a smelter in the southern region of Peru, employing 5,700 persons. Total dividend payments…
Nora raising funds for Desjardins
Nora Exploration (ME) and partner Placer Dome (TSE) have started a $650,000 exploration program to determine the extent of three gold-bearing zones on the Desjardins property north of Lebel-sur-Quevil…
Frankfield plans consolidation of shares, change of name
Frankfield Explorations (ASE) is set to reorganize its share structure and change its name in an effort to raise funds for exploration on gold properties near Timmins, Ont., and Quebec. Subject to sha…
Kilo commences drill program
A summer drill program by Kilo Gold (ASE) started in June to test the company’s gold exploration property in the Apex Mountain area of southern British Columbia. The company plans several holes to del…