10 (January 31, 1994)
Two officers of Western Quebec Mines (TSE) bought shares in December. According to the Ontario Securities Commission’s OSC Bulletin of Jan. 7 and 14, officer and director Murray Pollitt exercised 60,0…
News
Cuban contracts for Scintrex
Airborne and other exploration-related services for mining companies active in Cuba will be carried out by Scintrex of Concord, Ont., under a joint-venture agreement with Geominera, a Cuban government…
ODDS’N’SODS — Prospecting, 1990s style (2)
The author concludes his story of his prospecting trip to northern Ontario last spring. Dusk was falling rapidly and it was starting to rain. I hastily carried my bags about 35 yards from the tracks i…
Rayrock increases minable reserves
Drilling at three Nevada gold mines has almost doubled minable reserves for Rayrock Yellowknife Resources (TSE). The estimate has increased to more than 1 million oz. from 593,000 oz. at year-end 1992…
M.I.M. selling Granges stake
Australian-based M.I.M. Holdings has notified Granges (TSE) that it intends to sell all of its 12.7 million common shares of the company. The shares will be sold for not less than $4 per share, or on …
Nebex expands its exploration base
With an expanded gold and base metal property in New Brunswick and three gold concessions in the Northwest Territories, Nebex Resources (ASE) is preparing for a busy spring and summer. The company rec…
Stratmin to fund pilot mill project
Graphite producer Stratmin (ME) has completed a private placement of 1.7 million shares and an equal number of warrants. The warrants are exercisable for one year at 52 cents each. The placement raise…
Gold bugs confident in metal’s fundamentals
Gold bugs have been watching, perhaps nervously, as the price of the yellow metal has drifted down. At presstime, it was trading in the US$380-per-oz. range, off from just below US$400 a few weeks ago…
Black Hawk offers special warrants
Toronto-based Black Hawk Mining (TSE) hopes to raise $5.3 million from a private placement of special warrants. Each special warrant will be $1 and will entitle the holder to receive one unit consisti…
Teck, Cominco funding Princeton
Funds for exploring the Elenita property in northern Chile are in hand for owner Princeton Mining (TSE). Teck (TSE) and Cominco Resources International (TSE) agreed to complete a $1.5-million private …
Monk completes private placement
In a private placement, Monk Gold & Resources (ASE) has raised $402,000 to cover capital expenses at the Cerro Mayal placer gold operation in western Argentina. The placement consists of 1.7 million t…
NEWS ROUNDUP — Vior, Soquem in option deal
Junior Societe d’exploration miniere Vior (ME) can earn a half interest in the Clairy Twp., Que., property of Soquem. Soquem, the Quebec Crown exploration company, cut a 0.3-metre intersection in 1988…