Lenora explores Yemen property
Junior Greater Lenora Resources (TSE) is being given a licence to explore an area 45 km south of San’a, Yemen. The 237-sq-km property is underlain by a Tertiary-aged felsic-volcanic caldera complex. I…
News
Caledonia’s Spanish subsidiary posts record profit
Filon Sur S.A., the 25%-owned Spanish gold mining subsidiary of Caledonia Mining (TSE), achieved a record net profit in the third quarter. Improved throughput and reduced operating costs enabled the h…
LETTERS TO THE EDITOR — Let’s discuss it: securities dealer
I am writing to point out the manner in which the Ontario Securities Commission (OSC) and Ontario’s New Democratic Party government handled taxpayers’ dollars in their attempt to create and implement …
Chinese coins to honor Mao
A former leader of China is to be honored through the issue of gold and silver coins. A Chinese news agency reports that the coins will mark the centenary this month of the birth of Mao Tse-tung. The …
Alluvial diamonds found near Wawa
Diamond fever has gripped Wawa following the discovery of two alluvial diamonds and several indicator mineral grains in the Michipicoten River Basin. The rush was precipitated by prospector “Mickey” C…
Winslow and Gentry Resources to re-open Engineer mine in
After nearly 70 dormant years, the Engineer mine in northwestern British Columbia is expected to offer up its golden treasure. A producer in the 1920s, Engineer surrendered 18,400 tonnes grading 1.07 …
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…
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…