More drilling for Cat Town in California
A second phase of drilling will begin shortly on the Cat Town polymetallic project in Mariposa Cty., Calif. Partners Atna Resources (VSE) and Laramide Resources (TSE) each hold half of an option to ac…
News
New geochemical technique probes for deeper deposits
A Colorado-based laboratory has developed a geochemical exploration method capable of detecting mineral deposits buried under up to 1,000 ft. of overburden or cover rock. If the method proves legitima…
PRODUCER PRICES (August 02, 1993)
ALUMINUM: MW U.S. market US55.50-56.50 cents per lb. (July 22, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
NEWS IN BRIEF (July 26, 1993)
Cal Graphite Corp. (CGP:VSE) has changed its name to Applied Carbon Technology, Inc. with no consolidation of capital.
Odd-lot sales extended by Lac
Toronto-listed Lac Minerals has been granted permission by the Toronto Stock Exchange to extend its small-shareholder, odd-lot selling program to Oct. 4. The previous deadline was July 30.
Gold Funds (July 26, 1993)
BGR Central Net Value $13.93 $6.31 Price $12.13 $7.00 Discount 12.96% 10.9% Value $78,035,000 $126,695,100…
Financing (July 26, 1993)
Adda Minerals Company Ltd. — 800,000 shs @ 35 cents.
Tri-Origin funding
Toronto-listed Tri-Origin Exploration has arranged a bought deal with Gordon Capital to raise $1.05 million. The deal consists of 500,000 units at $2.10 per unit. Each unit consists of one common shar…
Lyndex issues shares
Toronto-based junior Lyndex Explorations (CDN) plans to issue $5 million in series B special shares on a private basis. The special shares will be convertible into common shares at $1 each and, under …
LATIN AMERICAN ROUNDUP — $4.7-million program at Petaquilla
A $4.7-million exploration program by Adrian Resources (VSE) will include about 15,000 metres of drilling to define known deposits further and continue testing several discovery areas on the Petaquill…
LATIN AMERICAN ROUNDUP — Zappa acquires Ecuador ground
By issuing 6.8 million common shares, Zappa Resources (VSE) plans to acquire 14 mineral property interests in Ecuador. On closing, 2.5 million shares will be issued to shareholders of Prominex, the Ec…
Ambitious Kinross buys Falconbridge Gold
Toronto-based Kinross Gold (TSE) is on its way to becoming a new player on the Canadian gold mining scene. Just last month the company purchased two U.S. gold mines for US$16.8 million (see separate s…