Gold Funds (June 28, 1993)
BGR Central Net Value $12.46 $5.77 Price $11.38 $6.25 Discount 8.69% 8.3% Value $69,786,000 $113,120,625…
News
Boron evaluates properties
Private placement funds totaling $500,000 will be used to evaluate boron properties held by the Chilean subsidiary of Boron Chemicals International (VSE) in Chile and Bolivia. The private placements w…
Arizona Star completing study
At the Aldebaran property in north-central Chile, Arizona Star Resource (VSE) expects to complete, by September, a pre-feasibility study for an open-pit heap-leach project. The company is earning a 51…
Crown to explore Argentinian play
Denver-based Crown Resources (TSE) has applied for exploration rights covering more than 200,000 acres in three provinces of northwestern Argentina. The ground covers extensions of the two largest kno…
EDITORIAL PAGE — Environmentalists lay final claim to Windy
Windy Craggy is now dead. But let’s get it straight. It was a victim of politics, not its inherent environmental problems. All the environmental difficulties related to mining the huge copper deposit,…
SouthernEra’s Jennings bullish on Quebec’s Le Tac area
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 …
Tax change affects diamond exploration
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…
LETTERS TO THE EDITOR — Cave-in research yields valuable
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…
EDITORIAL PAGE — Currency turmoil, inflationary fears seen
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…
Eastern Stone buys Belrose interest
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…
NO HEADLINE (June 28, 1993)
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…
NEWS ROUNDUP — Soquem options Quebec copper play
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 …