FINANCINGS (June 14, 1993)
Red Fox Minerals Ltd. — 1,000,000 shs @ 50 cents. Dorset Exploration Ltd. — 1,700,000 shs @ $18.25. CS Resources Ltd. — 3,000,000 shs issuable upon the exercise of 3,000,000 special wts @ $7.30 per…
News
Donations sought for Logan fund
The Canadian Geological Foundation, a non-profit organization noted for its support of education in the earth sciences, is seeking donations to help it restore documents of historical significance. It…
OBITUARY — G.R. Cunningham-Dunlop
Well-known mining engineer Gordon Richard (Dick) Cunningham-Dunlop died recently in Oakville, Ont. He had just turned 61. Mr. Cunningham-Dunlop was born in Haileybury, Ont., a son of the late John (Ja…
NEWS ROUNDUP — Registry drilling returns good values
Drilling on the Wellmet Lake property, near Lynn Lake, Man., has intersected encouraging base metal values, Registry Resources (ME) reports. A deep hole on the main copper-zinc deposit contained sever…
NEWS ROUNDUP — Cathedral lowers operating costs
Operating costs of US$216 per oz. were reported by Cathedral Gold (TSE) for the first quarter, compared with US$268 per oz. for the same period last year. The decrease was due to slightly-higher-than-…
Spot prices at a glance (June 14, 1993)
Week’s Price (US) Change Gold* $370.65 + $2.40 Silver* $ 4.37 $0.00 Platinum* $383.40 $5.85 Nickel** $ 2.52 $0.03 Lead** $ 0.18 $0.00 Copper $ 0.83 + $0.01 Zinc $ 0.42 $0.00 Courtesy of Scotiabank. In…
TSE SHORT POSITIONS (June 14, 1993)
Semi-monthly reports as of May 31, showed 74,893,719 shares of 702 issues compared with 72,998,779 shares of 684 issues on May 15. Larger individual positions included: Aber 103,800; Agnico-Eagle 38,6…
Deep hole boosts Lewis Ponds potential
Recent drilling at the Lewis Ponds polymetallic project in southeastern Australia has extended the mineralized zone downdip and tripled the reserve potential, reports 100%-owner Tri Origin Exploration…
Suit drains Metalore coffers but court rules in its favor
The Ontario Court of Appeal has ruled that Metalore Resources (TSE) has regained the right to earn a 100% interest in the Brookbank gold property from Ontex Resources (ASE). The 18-claim property is n…
Mine developers to cover opponents’ costs — New British
In a sweeping series of proposed changes, the British Columbia government is considering collecting fees from mining companies for project reviews. Not only that, companies may be required to pay all …
China planning increased exports
China plans to increase exports of major non-ferrous metals at an annual rate of 7.5% over the next eight years, according to a publication of Ontario’s Ministry of Northern Development and Mines. The…
New digital maps for Flin Flon area
Two maps created under the National Mapping program have been released for the area comprising Flin Flon, Man. and Creighton, Sask. The maps, which update the geology of the area for the first time si…