News


Cathedral acquires option on Guyana property

Increased prices of Venezuelan concessions have prompted junior companies to investigate opportunities in neighboring Guyana and Suriname. A recent entrant, Cathedral Gold (TSE), acquired an option to…


Metals sub-index off sharply in April

A sharp drop in copper and potash prices in April led to a new cyclical low for the metal and mineral sub-index of the Bank of Nova Scotia’s commodity price index. Base metal prices continue to be pla…


Echo Bay granted Alaskan permit

Clearing its first major hurdle in Alaska, Echo Bay Mines (TSE) has received a permit from the city of Juneau to proceed with development of the A-J mine, Chairman Robert Calman told shareholders at t…


GOLD FUNDS (June 14, 1993)

Gold Funds as of Jun 8 BGR Central Net Value $12.40 $5.83 Price $11.25 $6.375 Discount 9.27% 9.3% Value $69,461,000 $115,383,038…




Reed Lake sampling

Exploration is under way on two gold properties near Wawa, Ont., both of which belong to Reed Lake Exploration (ASE). At the Holdsworth property in Gorbiere Twp., northwest of Hawk Junction, work is b…



Pezim buys Prime

A recent agreement provides for Murray Pezim to buy 1.9 million shares of Prime Equities International (VSE) from Prime Resources Group (VSE) and Homestake Canada. Pezim will pay $3.64 million. The ac…


NEWS ROUNDUP — Republic announces Cuban deal

Toronto-based junior Republic Goldfields (VSE) in association with IMI Mineral Development, a geological consulting firm, has signed a letter of intent with the Cuban government to explore and develop…


NEWS ROUNDUP — Morrison Knudsen in Soviet venture

For the first time, a joint venture has been signed between the U.S. and a republic of the former Soviet Union. Morrison Knudsen (NYSE) has signed an agreement with the state-owned mining corporation …


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