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, …
News
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…
Hot hole reported from Damoti Lake play
Drilling on the Damoti Lake project north of Yellowknife, N.W.T., has returned the highest-grade hole to date. Hole D-43 intersected 6.7 ft. (from 271.0-277.7 ft.) grading 0.26 oz. gold per ton plus a…
Dayton obtains $34m financing
An underwriting group lead by Burns Fry has made a firm commitment to buy 7.6 million special warrants of Dayton Mining (TSE) at $4.50 each for total proceeds of $34 million. The financing paves the w…
NEWS ROUNDUP — Sleeping Giant has strong 1st quarter
First-quarter gold production from the Sleeping Giant mine in northwestern Quebec was 22% higher than originally forecast. The mine, jointly owned by Cambior (TSE) and Aurizon Mines (TSE), produced 10…
Eden Roc explores Aniuri and Hermann areas in Ivory Coast
Proven, probable and possible gold reserves on the Ivory Coast concession controlled by Eden Roc Mineral (TSE) are now 5.5 million tonnes averaging 4.52 grams gold per tonne. This equates to 804,000 c…
Tan Range Exploration expands Tanzanian holdings
An exclusive right to negotiate an option agreement on the 28-sq.-mile Itetemia gold prospect in Tanzania has been granted to Tan Range Exploration (VSE). The property is southeast of the Bulyankhulu …
New reserves for Maude Lake Gold at Beatty Twp.
After re-evaluating data at its gold property in Beatty Twp., Ont., Maude Lake Gold Mines (CDN) has calculated new reserve estimates of 813,414 tons averaging 0.24 oz. gold per ton. Ore has been delin…
Contractor signed for Greenstone’s Santa Rosa
A contractor has been hired to carry out open-pit mining at Greenstone Resources’ (TSE) Santa Rosa gold mine in west-central Panama. Brown & Root is moving men and equipment to the site in preparation…
LAST BUT NOT LEAST — Ramrod options Lovie property
An option agreement with Santa Fe Pacific Mining (NYSE) gives Consolidated Ramrod Gold (TSE) the right to earn a 50% interest in the Lovie gold property in Lander Cty., Nev. In consideration for the i…
LAST BUT NOT LEAST — Princeton loss mounts
A drop in copper prices and the resulting shutdown of mining operations at its Similco copper mine in British Columbia left Princeton Mining (TSE) with a 1993 loss of $24.8 million on revenues of $47….
LAST BUT NOT LEAST — Vauquelin drills two Quebec plays
Two exploration programs have been completed by Vauquelin Mines (ME) on the company’s wholly owned Fourax and 85% owned Bloc-Ouest/Nordeau properties. A $70,000 drill program totaling more than 2,300 …