Auriginor drills at Dubuisson play
Exploration is under way at the Dubuisson gold property near Val d’Or, Que., Exploration Auriginor (ME) reports. The company, formerly known as Consolidated Cache d’Or Resources, says drilling will ta…
News
STOCK MARKETS — Speculation pushes volatile TSE gold index
The Toronto Stock Exchange’s gold and silver index took off during the week ended July 27 as bargain-hunters moved in to shore up the sector. After sliding more than 1,000 points from a 1993 high of 9…
Formation drilling at Black Pine
With an initial phase of drilling now complete, Formation Capital (VSE) recently began a second phase at its Black Pine property near Salmon, Idaho. It has also staked additional claims surrounding th…
Drilling program set for Beaufor
A 3-month, $900,000 exploration program is to begin at the Beaufor gold property near Val d’Or, Que., partners Aurizon Mines (ME) and Louvem Mines (ME) report. The program, designed to increase reserv…
Eskay Creek contract awarded
An engineering contract for the Eskay Creek project has been awarded to Davy International, a member of the engineering division of Trafalgar House. Situated north of Stewart, B.C., the gold/silver/ba…
NEWS ROUNDUP — Chesbar, Spirit option third play
Two Montreal-listed companies, Chesbar Resources and Spirit Lake, have clinched a deal on a third Venezuelan gold property. Known as the July Concession, this prospect covers 2,000 hectares in the act…
TSE Short Positions (August 02, 1993)
Semi-monthly reports as of July 15, showed 82,360,427 shares of 728 issues compared with 80,138,215 shares of 704 issues on June 30. Larger individual positions included: Aber 107,000, down 25,000; Ag…
NEWS ROUNDUP — Loubel options Messeguay play
A Quebec-based junior has acquired from Messeguay Mines (ME) an option to earn a half interest in the Verneuil gold property near Quevillon, Que. Loubel Exploration (ME) may earn its interest by spend…
DIAMOND PAGE — DHK results represent next milestone in
At presstime, investors were eagerly awaiting results of recent drilling on property held by DHK Resources in the Lac de Gras area. The DHK group of companies, along with partner Kennecott Canada, has…
THE DIAMOND PAGE — Matkin hearing tours B.C.
The inquiry into the operations and regulation of the Vancouver Stock Exchange (VSE) and British Columbia Securities Commission has taken to the road for public hearings. The inquiry headed by James M…
Barytex reorganizes, joins with Romanex; VSE-listed
Besides changing its name from Barytex Resources, the company has announced a change of control and a rollback of one new share for every four old shares. It has also amalgamated with a private compan…
Initiative buys chemical business
CDN-listed Initiative Explorations has bought a 12% interest in Riba Corp., a Delaware-based chemical company. The price: US$200,000. Initiative plans to provide Riba, which is operating on a break-ev…