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
NO HEADLINE (December 13, 1993)
Gagan Gold (GGG:VSE) has changed its name to Cachet Enterprises (CED:VSE) on a 1-new-for-3-old-share basis.
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…
U.S. companies aim to fight new 8% royalty legislation
While mining companies with U.S. interests may be investing more in offshore opportunities, they are nevertheless determined to fight legislation that would make it next to impossible for them to expl…
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…
THE DIAMOND PAGE — Speculation mounts that some Lac de Gras
The rumor machine is in overdrive as speculation mounts that some type of merger may be in the works between junior companies involved with Kennecott in the Lac de Gras region of the Northwest Territo…
Fairfield completes bulk sampling
Based on underground test mining at its Siwash North gold project near Merritt, B.C., Fairfield Minerals (TSE) estimates mining costs will be less than US$150 per oz. A 230-ton bulk sample mined from …