Gold Funds (February 06, 1995)
BGR Central Net Value $16.47 $6.62 Price $13.13 $6.625 Discount 20.30% Premium 0.1% Value $129,253,000 $119,907,863…
News
NEWS IN BRIEF (February 06, 1995)
Castle Minerals (CTN:VSE) has changed its name to Castle Rock Exploration (CTP:VSE) on a 1-new-for-2-old-share basis.
MINING IN AFRICA SPECIAL — Mutual positions itself in West
The chairman of Mutual Resources (VSE) says “Ghana was a sleeper.” Tony Frizelle believes the West African nation, thanks to events triggered elsewhere in Africa and South America, is set this decade …
MINING IN AFRICA SPECIAL — Nevsun has high hopes for N’Gary
In the fall of 1994, Nevsun Resources (VSE) announced an agreement to acquire Canarc Resource’s (VSE) interest in 10 gold properties under option in Mali. In addition to receiving Nevsun shares for th…
MINING IN AFRICA SPECIAL — Taylor Rand moves into Zaire
CDN-listed Taylor Rand and a conglomerate in Zaire intend to form a joint-venture company which would own two gold properties in the African country. The two producing properties, in the Maniema and K…
MINING IN AFRICA SPECIAL — Gold is Ivory Coast’s main
Gold is the primary target of interest to North American-based companies active in Ivory Coast. The country’s Birimian rocks, as in Ghana and Burkina Faso, host gold deposits in quartz veins, lensoid …
MINING IN AFRICA SPECIAL — Mali called “Treasure of West
Mali has been called “West Africa’s ancient treasure chest,” and for good reason. Gold made the ancient empire of Mali one of the wealthiest in the world, and three great empires ruled in its territor…
MINING IN AFRICA SPECIAL — Mutual’s land holdings in West
Ghana (1) Tarkwa: 220-sq.-km concession, operating underground mine with exploration in the south for surface mines. An extensive 50,000-metre drilling program is under way consisting of 24 surface ho…
MINING IN AFRICA SPECIAL — Canyon turns attention to
Denver-based Canyon Resources (NASDAQ) is best known for its gold mining projects and industrial minerals operation in the western U.S. But in the past several years, with new mining opportunities ope…
MINING IN AFRICA SPECIAL — Birim uncovers anomalies, set to
Preliminary results from an airborne geophysical survey indicate the Dunkwa property in Ghana hosts several potentially gold-bearing anomalies. Birim Goldfields (TSE) plans to conduct soil sampling an…
MINING IN AFRICA SPECIAL — Airborne geophysics applied to
The West African country of Ghana is undergoing aerial geophysical survey work, courtesy of Aerodat Inc. The Mississauga, Ont.-based company, which has been flying both non-exclusive fixed-wing and ex…
Foreign expansion planned — Viceroy to acquire stake in MK
A recent agreement will allow Viceroy Resource (TSE) to increase its position in the Castle Mountain open-pit gold mine in southeastern California. Under the arrangement, Viceroy will acquire 9 millio…