Conwest shares
Conwest Exploration (TSE) has entered into a “bought deal” agreement worth almost $55 million. Underwriters, led by First Marathon Securities, will buy three million B subordinate-voting shares of the…
News
Roxmark option
Roxmark Mines (TSE) is negotiating an option agreement for 32 claims in Odlum Twp. in the White River area of northern Ontario. Any agreement is subject to a due diligence review and regulatory approv…
INSIDER TRADING — Aur insider sells into rally
As the operator of a developing mine and — to add speculative appeal — a major participant in the Northwest Territories diamond hunt, Aur Resources (TSE) has been climbing in price on the Toronto St…
Bethlehem leases Poison Mountain
Copper-miner Bethlehem Resources (TSE) recently reached an agreement-in-principle with Lac Minerals (TSE) to lease (with an option to purchase) the Poison Mountain copper-gold-molybdenum property nort…
Copper price in decline
Copper, one of the few industrial metals to maintain its value in the current depression, has lost its shine and suffered steep reverses in recent weeks. The metal recently reached a five-and-a-half-y…
Flag hits magnetite, extends drill hole
A deep hole drilled by Flag Resources (ASE) on the Wanapitei anomaly near Sudbury, Ont., intersected 814 ft. of magnetite-bearing core from a depth of 1,900 ft. The magnetite (FE3O4) may have been con…
NEWS ROUNDUP — Compensation board rules on Casamiro
The Expropriation Compensation Board has determined the amount of compensation to be awarded to Casamiro Resource (VSE) and two private co-claimants for their interests in 19 Crown-granted mineral cla…
NEWS ROUNDUP — Excellon ups Tombstone interest
An agreement has been reached allowing Excellon Resources (VSE) to buy Valdez Gold’s (ASE) interest in the Tombstone gold-silver project in Arizona. In return, Valdez will receive up to three million …
St. Genevieve targets metals in mine tailings
Confident that it is on the heels of an environmental breakthrough, St. Genevieve Resources (TSE) has cast its first ingot containing gold and silver ore at its Norebec-Manitou pilot recycling plant. …
Inco projects flat year for nickel
The world’s largest single producer of nickel, Inco (TSE), expects 1993 to be a flat year. The company also sees future growth occurring outside Canada. First-quarter results for the Toronto-based com…
1993 PDAC convention exceeds expectations
The 61st annual convention of the Prospectors and Developers Association of Canada (PDAC) was “a fantastic success from every point-of-view,” according to Anthony Andrews, PDAC managing director. The …
COMMENTARY — Of the gold price, Alaskan permafrost
Analyst Ian Lamont, writing in a recent issue of the Yorkton Natural Resources newsletter: The physical demand for gold bullion is currently extremely strong and, in theory, this should cause the pric…