Bethlehem, Dejour and Mirage in El Salvador
A joint-venture consisting of Mirage Resource (VSE), Bethlehem Resources (TSE) and Dejour Mines (TSE) will explore a gold mine project, El Dorado, in El Salvador. Mirage negotiated an agreement to acq…
News
New provincial budget rules — Some Ontario juniors eligible
In its May 19 budget, the Ontario government announced a change to the province’s capital tax legislation which will bring relief to companies which issue flow-through shares. After almost 18 months o…
Vengold makes exploration plans
Vancouver-based Venezuelan Goldfields (VSE) is planning to spend about US$4 million during the next two years to explore gold properties in the Kilometre 88 area of Venezuela. The first priority will …
Glamis glitters — At Mexican play, a leach test
A bulk leach test will be conducted by Glamis Gold (TSE) at the Cieneguita project in the northern Mexican state of Chihuahua. Glamis is earning a 60% interest from Aquiline Resources (VSE) by advanci…
NEWS ROUNDUP — Radisson in deal with Hemlo Gold
Three properties in Quebec’s Destor Twp., north of Rouyn-Noranda, are being explored, Radisson Mining Resources (ME) reports. The junior has reached an agreement with Hemlo Gold Mines (TSE) covering t…
NEWS ROUNDUP — Gibraltar to cut production
Toronto-listed Gibraltar Mines is planning to cut production at its open pit near McLeese Lake, B.C., in response to consistently low copper prices. It is also initiating a $500,000 feasibility study …
NEWS ROUNDUP — Treminco exploring properties
Exploration has begun on several gold properties near Yellowknife, N.W.T., belonging to Treminco Resources (TSE). Geochemical sampling will be carried out over intensely altered areas adjacent to mine…
EDITORIAL PAGE — Give us a `G’ . . .
For a while, we were a wee bit concerned about gold. After impressive gains in April and May to the US$380-per-oz. range, bullion prices settled back to about $365 and change. We feared that, once aga…
Western Troy and Nuinsco launch gold project near Rainy
A letter of intent has been signed between Western Troy Capital (ASE) and Nuinsco Resources (CDN) covering joint exploration of their gold properties near Rainy River, Ont. Nuinsco holds about 830 cla…
TORONTO STOCK EXCHANGE INDICES (July 12, 1993)
— Week — July 6 July 5 Ju1y 2 July 1 June 30 High Low Composite”300″ 3984.37 3990.49 3997.72 N/A 3966.37 4003.72 3947.23 Metals&Minerals 3013.00 3015.70 3020.48 N/A 2978.43 3047.46 2936.50 Integrate…
EDITORIAL PAGE — Mild relief for juniors
It took the Prospectors and Developers Association of Canada one and one-half years of quiet, behind-the-scenes diplomacy and just plain jawboning, but the effort was worth it. The Ontario government,…
Spot prices at a glance (July 12, 1993)
Week’s Price (US) Change Gold* $ 397.25 + $18.25 Silver* $ 5.17 + $0.59 Platinum* $ 408.75 + $23.05 Nickel** $ 2.34 – $0.09 Lead** $ 0.17 – $0.01 Copper $ 0.88 + $0.02 Zinc $ 0.42 $0.00 Courtesy of Sc…