LAST BUT NOT LEAST…Reed Lake extends gold zone
A sampling program on the Corbiere Twp. property near Wawa, Ont., has extended the gold-rich pyrite zone another 60 metres to the west, reports Reed Lake Exploration (ASE). The 3-metre-wide zone, whic…
News
GOLD FUNDS (August 09, 1993)
BGR Central Net Value $14.40 $6.46 Price $13.25 $7.125 Discount 7.97% 10.3% Value $80,648,000 $128,957,513…
NEWS IN BRIEF (August 09, 1993)
South Atlantic Ventures (SCV:VSE) has changed its name to Southern Copper Corp. (SOU:VSE) with no consolidation of capital. The transfer agent is Montreal Trust.
Asarco hurt by low metal prices; NEWS IN BRIEF
Desert Gold Resources (DGR:VSE) has changed its name to Desert Holdings Inc. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Bre-X acquires 80% interest in Indonesian gold property
Calgary-based junior Bre-X Minerals (ASE) has acquired an 80% working interest in an advanced gold project in East Kalimantan, Indonesia. The 57,571-hectare property contains three main occurrences, t…
LAST BUT NOT LEAST…Kinross issues special warrants
Underwriters Midland Walwyn Capital, Nesbitt Thomson and Goepel Shields & Partners have agreed to acquire 10 million special warrants of Kinross Gold (TSE) at $2.50 each for total proceeds of $25 mill…
LAST BUT NOT LEAST…Kalahari acquires Abitibi properties
Vancouver-based Kalahari Resources (VSE) has acquired 31 properties along the Abitibi greenstone belt of northwestern Quebec and northeastern Ontario. The properties were chosen by a group of prospect…
NEWS ROUNDUP — Trev announces drill program
Drilling funded by Cameco (TSE) will test a high-grade gold discovery made by Trev (ASE) on its Cornice Mountain project near Stewart, B.C. The project is 15 km from Lac Minerals (TSE) Red Mountain go…
Low metal prices squeezing Highland Valley mine
With reserves of 632.9 million tonnes averaging 0.414% copper and 0.0068% molybdenum yet to be mined, the huge Highland Valley copper mine near this interior community has about 15 more years to look …
Miramar lands Con funding
VSE-listed Miramar Mining has secured funding for its purchase of the Con mine in Yellowknife, N.W.T. Sprott Securities and Yorkton Securities agreed to buy, through a bought deal, 11.25 million speci…
NEWS ROUNDUP — Tulsequah drilling under way
Underground drilling is in progress with two rigs at the Tulsequah Chief property in northwestern British Columbia. Owner Redfern Resources (TSE) expects to complete about 25,000 ft. of definition dri…
Deep hole to probe Geco potential
In what is probably the deepest hole ever commissioned by Noranda (TSE), a diamond drill will probe the Manitouwadge Synform to a depth of 8,000 ft. in a long-shot bid to extend the productive life of…