East West expands Timmins project
The Timmins camp of northern Ontario continues to serve as an exploration focus for East West Resource (VSE) and associated company Cross Lake Minerals (VSE). Cross Lake has a joint venture with Noran…
News
Rayrock award
Rayrock Yellowknife Resources (TSE) will receive the 1993 DuPont-Conoco Environmental Leadership Award, which honors exceptional environmental achievement in the hard rock mining industry. The announc…
Lac’s strategy involves boosting reserves
Toronto-listed Lac Minerals is spending more to increase gold reserves at existing mines and properties. At El Indio and Tambo in Chile, US$5 million will be spent in a multi-year campaign to boost re…
Wheaton trenches new gold zone
Still in the early stages of a $3.5-million exploration program, Wheaton River Minerals (TSE) has discovered new gold mineralization at its Golden Bear mine in the Yukon. The zone was uncovered when a…
Skyline acquires limestone interest
A purchase agreement with Auspex Gold (VSE) gives International Skyline Resources (TSE) the right to acquire half of an oolitic limestone deposit in Idaho. Skyline will pay Auspex $500,000 over a year…
Cyprus options Massicotte gold play
Colorado-based Cyprus Canada can acquire an initial 60% interest in the Massicotte gold property of Ressources Minieres Coleraine (ME). The property is 125 km north of La Sarre, Que. Cyprus must pay $…
Princeton’s debenture holders asked to convert to equity
An extended slump in the price of copper has prompted Princeton Mining (TSE) to seek changes to the terms of its convertible debentures. Holders will be asked to convert the $12 million in debentures …
EDITORIAL PAGE — Worth the wait
The BHP-Dia Met results reported last week should finally convince most of the remaining naysayers that the Lac de Gras diamond prospect is more than a moose-pasture scam to lure unwitting investors. …
ELECTION ’93 — MINING FOR ANSWERS — Reform’s Manning
In preparation for the Oct. 25 federal election, The Northern Miner has asked representatives of four of the main political parties to respond to a series of questions pertaining to mining. All repres…
Financing (September 27, 1993)
Pure Gold Resources Inc. — 5,000,000 units each unit consisting of 1 sh and 1 sh purchase wt and issuable upon the exercise of special wts @ 20 cents per special wt. Venezuelan Goldfields Ltd. — 3,5…
NEWS IN BRIEF (September 27, 1993)
Bridger Resources (BDG: VSE) has changed its name to BDG Pacific Resources with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Pacific Corporate Trust.
Antares lists on TSE
Shares of Antares Mining and Exploration, which recently merged with Goldpost Resources, have begun trading on the Toronto Stock Exchange. The debt-free company has $5.5 million in cash and 14.6 milli…