Pickard praises co-operative spirit
A co-operative spirit between the mining industry and government exists in Manitoba, according to the president of Falconbridge. Addressing the business section of the Manitoba Mining, Minerals and Pe…
News
Carson raises $12.9 million
A private placement of special warrants will give Carson Gold (VSE) additional funds to acquire properties in Latin America. The company reached an agreement with Burns Fry (which will act as lead bro…
Positive results at Audrey lens
Underground drilling at the 1100 lens project in northwestern Quebec indicates mineralization continues at depth. The project, owned by Audrey Resources (ME) and Metall Mining (TSE), is undergoing exp…
Asarco swings deal with Mexican firm
U.S. base metal producer Asarco (NYSE) is joining forces with Grupo Industrial Minera Mexico. An agreement will enable Grupo to merge with Mexico Desarrollo Industrial Minero S. A. de C. V. (MEDIMSA),…
Diamond flow-through fund withdrawn
Having failed to attract sufficient support, Caratax Diamond Exploration Limited Partnership 1993 has been withdrawn. “Investors perceived the fund as being too risky,” said Jean-Pierre Colin, preside…
Cons. Ramrod buys Nevada bet
Consolidated Ramrod Gold (TSE) will acquire a 78% interest in the Railroad property in Nevada’s Carlin Trend. It can acquire the interest from Westmont Gold by paying US$4 million over 42 months. The …
ODDS’N’SODS — Northern `Diamond Queen’ (1)
The search for gem stones in the Northwest Territories is not the first diamond story to come out of Canada’s North. Under the front-page headline “Famous Story Dies With Diamond Queen,” an obituary i…
Contamination suspected in Strike core
Goldhunter Explorations (ASE) is reconsidering its participation in a joint venture in the Shining Tree camp after an intersection, which had been rumored to be rich, was attributed to “contamination….
Columbia Gold Mines reviewing Heino operation
Lower-than-expected head grades and tonnage from the Heino Money zone at the Tillicum property near Nakusp, B.C., have prompted Goldnev Resources (VSE) and Bethlehem Resources (TSE) to drop their opti…
Hedman Res. completes placement
Alberta-listed Hedman Resources has completed a $500,000 private placement with European investors. Hedman has been operating an open-pit mine and mill complex near Matheson, Ont., for the past two de…
NEWS ROUNDUP — Minera Rayrock issues warrants
Junior Minera Rayrock (TSE) is issuing a private placement of 8 million special warrants. Each special warrant, priced at $2.50, will entitle the holder to recieve one subordinate voting share of the …
Regal options bet
Regal Goldfields (CDN) can earn a half interest in Copperquest’s (CDN) Kidd base metal property near Timmins, Ont. In return, Regal must spend $65,000 on exploration and give Copperquest $10,000 cash …