Ontario and Quebec * The Le Tac area of Quebec could become the next Lac de Gras, according to SouthernEra President Christopher Jennings who addressed shareholders at the annual meeting. “Quebec may …
The minister of Energy, Mines and Resources Canada (EMR) and the finance minister are retroactively altering the income tax rules relating to diamond exploration. Effective Jan. 1, 1993, all diamond d…
I have waited for a follow-up to the article “Cave-ins occur despite precautions” (T.N.M., Sept. 7/92), expecting some experienced mining engineer to lend a hand to those groping in the dark for the a…
At the present rate of progress, it will not be long before the Japanese yen is worth a whole American cent. The reason for the soaring yen is clear: a surplus on the current account of Japan’s balanc…
Toronto-based junior Eastern Stone Products (ASE) has arranged to buy the remaining 25% interest in Belrose Minerals in exchange for 500,000 Eastern common shares. Upon completion of the deal, Eastern…
Financings totaling US$27.9 million will enable Canyon Resources (NASDAQ) to advance two gold projects in the western U.S. and continue drilling three gold discoveries in Nevada, Montana and the Domin…
In an agreement with Virginia Gold Mines (ME), Soquem will acquire a 50% interest in the Sagar-I copper property, 85 km south of Fermont, Que. Soquem must subscribe to a private placement in Virginia …
A private placement worth $450,000 has been completed by Wheaton River Minerals (TSE). Two institutional investors each subscribed for 703,125 units at 32 cents each. Each unit consists of one common …
The Venezuelan ministry of energy and mines has granted Gold Reserve (NASDAQ) a 10-year extension to explore and develop its Alfa diamond and gold concessions in east-central Venezuela. Several diamon…
Under an option agreement, Madison Enterprises (VSE) can acquire a 50% interest in the Belencillo concession in Panama. To do so, it must pay Adrian Resources (VSE) $250,000 over four years, issue 200…
Toronto-listed Arimetco International plans to increase copper production next year to about 50 million lb. compared with roughly 26 million lb. this year. The higher output would mean a 10 cents drop…
Central Fund of Canada has sold 1,275,000 special warrants at $6.13 per special warrant. The issue raised $7.8 million. Each special warrant entitles the holder to receive a Class A share of Central F…
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