Aurizon posts first revenues
Junior gold producer Aurizon Mines (TSE) reported revenues for the first time in its history. In 1993, total revenue was more than $5.7 million, representing six months of operations from the company’…
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NEWS ROUNDUP — Western Troy issues rights
Junior Western Troy Capital Resources (ASE) will offer its shareholders (of record on April 15, 1994) one transferable right for each common share held. Four rights will entitle the holder to subscrib…
GAC, MAC sponsor short courses at Waterloo meeting in
The Geological Association of Canada (GAC), and the Mineralogical Association of Canada (MAC) are each sponsoring a short course at the upcoming joint annual meeting in Waterloo, Ont. The GAC short co…
Antares drilling three Zimbabwean properties
Drilling by Antares Mining and Exploration (TSE) between the 150- and 610-metre levels of the Black Cat zone has resulted in an inferred resource estimate of 250,000 tonnes averaging between 4.35 and …
BGR increases net asset value
Year-end results for 1993 were reported by BGR Precious Metals (TSE), a closed-end investment firm specializing in precious metals investments. BGR had an increase in net assets to $93.5 million for t…
LAST BUT NOT LEAST — Agnico starts drilling in Joutel area
Gold miner Agnico-Eagle Mines (TSE) has begun surface drilling east of the Telbel mine, along the well-established Eagle-Telbel mine trend near Joutel, Que. The 23,000-ft. program, which will extend t…
LAST BUT NOT LEAST — Nucore, New Aegis test laterite zone
Trenching and sampling on two Venezuelan gold properties have returned encouraging results. Partners Nucore Resources (VSE) and New Aegis Resources (VSE) are exploring the Nuevo Corazon de Jesus (NCJ)…
PEOPLE — OTIS J. EXPLORATION (April 11, 1994)
Victor Coulthard and Larry McLean appointed directors.
Monarch Res. files prospectus
London-listed Monarch Resources has filed a preliminary prospectus for shares valued at $US30 million. About US$20 million will be offered to Canadians and the remainder will be offered to existing sh…
LATIN AMERICAN SPECIAL — Peru privatizing its mineral
The largest mining company in Peru, Centromin, is up for sale. The sale of Centromin is a large step in the aggressive privatization program started by President Alberto Fujimori in 1992. It will mean…
PEOPLE — CUMBERLAND RESOURCES (April 11, 1994)
Glen Dickson appointed president; William McCrindle appointed vice-president and John Greig appointed chairman.
PEOPLE — AGINCOURT EXPLORATIONS (April 11, 1994)
Murray Provost and Bruce Horner appointed directors.