LAST BUT NOT LEAST….Nahanni joins with Prospero
Junior Nahanni Mines (TSE) will combine with Prospero Canadian Land Investment Fund to form a new company, RG Properties. The merger calls for a consolidation of one RG share for 12.5 Nahanni shares. …
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LAST BUT NOT LEAST….Bitterroot testing garnet prospect
A total of 220 holes of a planned 300-hole definition program has been completed on an alluvial almandine garnet project in Mohave Cty., Ariz. Bitterroot Resources (VSE) says preliminary results confi…
NEWS ROUNDUP — Hughes Lang Group merger
Three of four junior companies within the Hughes Lang Group have agreed to amalgamate and form a new company, CanGold Resources. Shareholders met Dec. 29 to vote on a proposal to amalgamate Hughes Lan…
OPINION — South American mood bullish
The mood is bullish in the South American mining industry in spite of sagging world mine development and a bleak price outlook, which will continue rampant during 1994 as a result of global economic t…
NEWS ROUNDUP — Mutual obtains African ground
In line with plans to focus increasingly on West Africa, Mutual Resources (VSE) has acquired an option to earn a 54% stake in the Sewum Tokosea gold concession in Ghana. Mutual initially paid $15,000 …
LAST BUT NOT LEAST….Bruneau raises $540,000
Montreal-based Bruneau Minerals (ME) has raised $540,000 through two private placements. One placement raised $450,000, of which the company plans to spend $360,000 exploring three properties in Quebe…
Golden trenches for Cathedral (January 17, 1994)
Thirty trenches have been completed across the Hicks shear zone on the Kaburi-Eldorado property in Guyana. Cathedral Gold (TSE) is earning up to a 90% interest and reports that, on average, the trench…
NEWS ROUNDUP — FMC writes down Beartrack
FMC Gold (NYSE) has written down the book value of the Beartrack gold project in Idaho. The gold producer recorded a 1993 fourth-quarter charge of about US$60 million, which includes an asset writedow…
No mega-projects for Amazon basin
Brazil will stop huge development projects in the Amazon basin and turn instead to smaller-scale efforts which are less harmful to the environment, President Itamar Franco announced recently. Franco’s…
Tenajon, Westmin study SB results
Partners Westmin Resources (TSE) and Tenajon Resources (VSE) are reviewing results of underground drilling completed last year on the SB property, near Stewart, B.C. The program, which consisted of 85…
Toronto Stock Exchange Indices (January 17, 1994)
— Week — Jan 11 Jan 10 Jan 7 Jan 6 Jan 5 High Low Composite”300″ 4447.43 4453.21 4420.66 4425.43 4401.08 4456.31 4286.54 Metals&Minerals 3605.15 3666.79 3628.37 3619.51 3594.26 3666.79 3495.59 Integ…
Golden Rule and Manson Creek restructure 1-m-unit financing
A previously announced financing deal between Manson Creek Resources (TSE) and Golden Rule Resources (TSE) has been restructured. Under the current deal, Golden Rule will subscribe to one million unit…