LAST BUT NOT LEAST — Soquem drills Virginia bet
Drilling is under way on the Sagar-1 property near Fermont, Que., report partners Virginia Gold Mines (ME) and Soquem. The program is designed to confirm the presence of a large zone of copper and pre…
News
LAST BUT NOT LEAST — Asset writedown on boron venture
A 48% investment in a Chilean boron company is causing plenty of headaches for Boron Chemicals International (VSE) and parent company Trans America Industries (VSE). Boron Chemicals recently negated i…
Lac posts loss in second quarter
Citing lower realized gold prices and a decrease in production, Lac Minerals (TSE) reported a loss of US$800,000 for the quarter ended June 30 compared with second-quarter earnings of US$4.4 million (…
U.S. REPORT — Inventory sought of abandoned mines
The U.S. federal government has been asked to conduct an inventory of abandoned mine sites. The request came from the president of the American Mining Congress (AMC), John Knebel, who asked for an inv…
Busy summer for Stewart area
The Stewart camp in northwestern British Columbia is abuzz this summer as work programs fly into full gear on several advanced projects. The largest is being carried out by Lac Minerals (TSE) on the R…
Newhawk drilling at Sulphurets
Two separate drill programs are being carried out this summer by Newhawk Gold Mines (TSE) on the Sulphurets property, 60 km north of Stewart, B.C. Work on the 60%-owned Bruceside project is to focus o…
Athabaska revises Ramrod agreement
A revised agreement between Athabaska Gold Resources (TSE) and Consolidated Ramrod Gold (TSE) has been approved by Royal Oak Mines (TSE). Royal Oak, which owns 3.4 million shares of Athabaska, tried t…
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…
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…