Tillicum permits received
Permits are in hand for a bulk sample of the Heino-Money zone at the Tillicum Mountain property near Nakusp, B.C. Bethlehem Resources (TSE) and Goldnev Resources (VSE) signed an agreement earlier this…
News
PEOPLE — KENNECOTT
Clynton Nauman appointed general manager, Spring Creek Coal Co. N5…
LAST BUT NOT LEAST — Dianor plans unit placement
A placement worth $375,000 is expected from Ressources Kimex (ME), which plans to spend most of the proceeds on work at the Granada property in Rouyn and Beauchastel Twps. in northwestern Quebec. Kime…
Richmont defining reserves
Underground drilling and development are under way at the Francoeur gold mine near Rouyn-Noranda, Que., Richmont Mines (TSE) reports. The work is aimed at defining the extension of existing zones and …
THE DIAMOND PAGE — Lack of disclosure dampens diamond fever
Analysts are blaming the “minimalist” disclosure policy of major companies as one reason why speculative interest in Canadian diamond exploration continues to lose momentum. But others point out that …
Spot prices at a glance (August 16, 1993)
Week’s Price (US) Change Gold* $381.35 – $19.30 Silver* $394.79 – $0.50 Platinum* $393.25 – $24.50 Nickel** $392.19 – $0.03 Lead** $390.18 $0.00 Copper $390.88 $0.00 Zinc $390.39 – $0.03 Courtesy of S…
U.S. REPORT — Asarco drops Southern Cross
Having drilled only half of an 11,000-ft. program, Asarco (NYSE) has dropped its option on the Southern Cross property in Montana. It had the right to earn a 60% interest from owner International Maho…
Glimmer arranges private placement
The president of Glimmer Resources (VSE), George Kent, and the company have negotiated a $200,000 placement of 172,500 flow-through shares and 77,500 common shares at 80 cents per share. The share pri…
New investor in Bakyrchik mine
The Bakyrchik gold mine in northeastern Kazakhstan has a new investor. Bakyrchik Gold PLC, created by Minproc Holdings of Australia and Chilewich International of New York, has acquired a 40% interest…
LAST BUT NOT LEAST — Portman options Sentinel ground
Shortly after acquiring an option on 72 claims in the Crescent Valley area of Nevada, Sentinel Resources (VSE) has vended the property to a third party. Portman Exploration (VSE) can earn a half inter…
Rio Algom cuts sulphides in fertile Bathurst camp
A new zone of massive sulphide mineralization has been intersected by Rio Algom (TSE) on Key Anacon Mines’ (TSE) property in the Bathurst camp of New Brunswick. Significant results include: 18.62 metr…
Vengold buying 20% stake in RTZ’s Lihir gold deposit
The stage is set for Venezuelan Goldfields (VSE) to acquire a 19.99% interest in the Lihir Island gold deposit in Papua New Guinea. Widely considered to be the world’s largest undeveloped gold resourc…