Drill program at Lac Anctil
Magnetic and induced polarization surveys have been completed by Westminer Canada on the Lac Anctil property near Chibougamau, Que., Greater Lenora Resources (TSE) reports. Lenora says drilling will c…
News
Cominco Res. steps up exploration
Exploration by Cominco Resources International (VSE) in 1993 will include more than $15 million in expenditures under company control. Of that total, the company’s net cost is about $5.7 million. Alth…
LETTERS TO THE EDITOR — Judge addresses material change
In your article “Judge finds in Seabright’s favor” (T.N.M., Apr. 5/93), you say that “a peculiar one-sided situation may be created by which optimistic estimates are quickly publicized, yet later pess…
LETTERS TO THE EDITOR — Seabright coverage incomplete
We are writing in connection with the article “Judge finds in Seabright’s favor” (T.N.M., Apr. 5/93). We represented Terence Coughlan and Jack Garnett at the trial of their action against Westminer Ca…
LATIN AMERICA ROUNDUP — Orvana resumes Jamaican work
Reflecting its increased activities in Jamaica, Orvana Minerals (VSE) has opened an office in Kingston and hired additional staff. Recently, it resumed exploring the Central Inlier property. The progr…
Eden Roc boosts land position in Ivory Coast
An additional 272 square miles of land have been secured by Eden Roc Mineral (TSE), surrounding the gold-producer’s existing exploitation permits in Ivory Coast, West Africa. The company has increased…
Remote sensing applications aid mineral exploration
Geologists have long relied on aerial photographs to supplement their surveys. Now they are able to integrate remote sensing data with geoscience information in the search for mineral deposits. This w…
High-grade, low-cost gold producer — Snip mine an
The extraordinary success of the Snip gold mine is in direct contrast to numerous gold mines developed during the heady years of flow-through financing which all too often failed to live up to expecta…
NEWS IN BRIEF (April 19, 1993)
Dolly Varden Minerals Inc. (DYV:VSE) has changed its name to New Dolly Varden Minerals Inc. (NDV:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal T…
Gold Funds (April 19, 1993)
BGR Central Net Value $9.82 $5.16 Price $8.00 $5.12 Discount 18.56% 0.7% Value $55,024,000 $86,224,538…
Royalstar eyes garnet production in New Mexico
With the recent completion of a feasibility study by Consultants Mountain States R&D International, Royalstar Resources (VSE) is reviewing the possibility of bringing its San Pedro garnet property int…
Toronto Stock Exchange Indices (April 19, 1993)
Apr.13 Apr.12 Apr.9 Apr.8 Apr.7 High Low Composite”300″3624.84 3615.01 N/A 3591.80 3601.42 4009.47 3009.91 Metals&Minerals 2866.01 2863.91 N/A 2840.82 2870.32 3453.06 2502.63 Integrated Mines2978.13 2…