News


FINANCING (December 13, 1993)

Euro-Nevada Mining — 1.1 million units consisting of sh and purchase wt @ $38 per unit. Equinox Resources — 3 million shs to be issued upon exercise of 3 million special wts. Each unit consists of o…


GOLD FUNDS (December 13, 1993)

BGR Central Net Value $14.73 $6.20 Price $13.75 $6.875 Premium 10.9% Discount 6.67% Value $82,524,000 $112,200,576…



NEWS IN BRIEF (December 13, 1993)

Kemano Resources (KRL.A:ASE) and Canadian Northcor Energy have amalgamated to form Purcell Energy (PEL:VSE). Kemano shareholders receive 0.9 new for one old share and Canadian Northcor Energy sharehol…


Nova Scotia government offers hope to ailing industry

The recently elected Liberal government of Nova Scotia intends to create “a balance point” between environmental and mining interests over the next year, said Donald Downe. Downe, natural resources mi…



Placer to sell Eskay interest

In concert with the planned combination of Stikine Resources and Prime Resources Group (TSE), Placer Dome (TSE) plans to sell its interest in British Columbia’s Eskay Creek project. Placer, which hold…


NEWS ROUNDUP — Gold at Slaven Canyon

Several gold intersections are reported from the Slaven Canyon property on Nevada’s Battle Mountain trend. Thirteen shallow holes were drilled to test a strong geochemical anomaly, and 11 of these int…


NEWS ROUNDUP — Gravity separation tested at Tiomin

Pilot plant gravity separation tests have now been completed on the bulk sample collected from the Natashquan heavy mineral sands deposit on Quebec’s north shore. Results of the tests, carried out at …


NEWS ROUNDUP — William explores gold, diamond bet

Junior William Resources (ME) has signed a letter of intent to acquire most of the ORIS 9 placer gold and diamond property in southeastern Venezuela. The concession is on the Oris River, in Bolivar st…


Nine new Mining Hall of Fame inductees

Nine new members will be inducted into the Canadian Mining Hall of Fame at a Jan. 10, 1994, dinner ceremony at Toronto. The nine were chosen from a list of 19 nominees announced previously by the Mini…


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