NEWS IN BRIEF (November 01, 1993)
Combined Larder Mines (CBLM:CDN) and Buffalo Oil Co. have joined to form Buffalo Oil Co. Holders of Combined Larder Mines receive one new for five old shares. Holders of Buffalo Oil receive one new fo…
News
GOLD FUNDS (November 01, 1993)
Gold Funds as of Oct. 26 BGR Central Net Value $14.50 $6.07 Price $13.50 $6.75 Premium 11.2% Discount 6.90% Value $81,228,000 $122,170,275…
PEOPLE — TROOPER EXPLORATION
Fauzi Farrage appointed director, president and chairman; Glenn Little and Andrew Lipowski appointed directors.
Cream Silver denied appeal
The British Columbia government will pay no compensation to Cream Silver Mines (VSE) for expropriated claims on Vancouver Island. Early this year, a court of appeal overturned a provincial Supreme Cou…
LAST BUT NOT LEAST… — T & H exploring near Damoti Lake
Toronto-listed T & H Resources is exploring a 627-hectare gold property at Damoti Lake, within the prospective Indin Lake Greenstone Belt, 175 km northwest of Yellowknife, N.W.T. The BR-2 property, as…
Sikaman to start up Cerro Mayal
The Cerro Mayal gold mine in Argentina is scheduled to enter production this month. Sikaman Gold Resources (TSE) expects to process 35 million cubic feet of gravel per year, initially. From that, abou…
Mutual in W. Africa
A private placement by Teck (TSE) will provide additional funds for Mutual Resources (VSE) to pursue gold opportunities in West Africa. Mutual President Robert Quartermain says the company is in advan…
Investors reaping rewards from dazzling gold equities
Investors who were lucky or brilliant enough to foresee rising gold prices this year and who had the intestinal fortitude to follow their hunches have reaped spectacular rewards. The runaway best-sell…
Formation Capital active at Black Pine
Drills at the Black Pine property in Idaho are slowly outlining a large copper-cobalt system for owner Formation Capital (VSE). The property, visited recently by The Northern Miner, is 17 miles southw…
Eden Roc patiently developing Aniuri open pit
It took more than 10 years of patient, methodical work to bring into production the small Aniuri gold mine in Ivory Coast. But after its first full year, the open-pit, heap-leach operation has not dis…
Cantung continues Chilean focus
Drilling is planned by Canada Tungsten (TSE) to provide samples for metallurgical testing at the Andacollo heap-leach copper project, 50 km from La Serena, Chile. The company recently acquired an opti…
Czech purchase approved for Royalstar Resources
Partners Royalstar Resources (VSE) and Paramount Ventures & Finance (VSE) have received approval from a Czech court for their acquisition of an 80% interest in a Czech company which owns the Kasperske…