In order to fund further mineral royalty acquisitions, Redstone Resources (TSE) will issue two million special warrants at $4 per warrant to raise $8 million. Each special warrant will be convertible …
Bermuda-based Dundee International, a wholly owned subsidiary of Dundee Bancorp (TSE), will make a 1-for-1 share exchange offer to acquire the 263 million ordinary shares of Knights Gold Mining. Knigh…
Four separate geological targets were evaluated during a first-phase trenching and surface sampling program carried out by the Goldrun Syndicate on the Decker, Torok and Goldrun mineral leases in Humb…
I regret that I am unable to renew my subscription due because of M.R. Brown’s column “Warding off `penny dreadfuls’ ” (T.N.M., Sept. 14/92). I am a promoter of several of such “penny dreadfuls.” Mr. …
A cash position of $46.2 million at the end of the third quarter was reported by zinc-lead producer Curragh (TSE), which also recorded a loss for the 3-month period ended Sept. 30. The company says th…
A recent decision by the Quebec Court of Appeal has granted Toronto-based junior Exroy Resources (CDN) full title to 48 claims in the Ungava nickel copper belt in northern Quebec. This decision will a…
Worldwide silver mine production in 1991 was 431.9 million oz., down 8% from 1990. The reduction was due mainly to decreased incentives to mine because of low silver prices. In 1991, Mexico was the wo…
A boost in reserves at the Crofoot/Lewis mine prompts owner Hycroft Resources & Development (VSE) to review the possibility of refitting the operation with newer and larger mobile equipment. Proven or…
Drilling on the Casino copper-gold-molybdenum porphyry deposit in the Yukon is now finished for the 1992 season with a total of 21 large diameter holes completed. Big Creek Resources (VSE), the operat…
A recently signed letter of intent gives Goldstack Resources (VSE) the right to acquire up to a 100% interest in the lease covering the Bru-Lovie property from Sierra Gold. The Nevada property is in t…
No economically significant gold-bearing intercepts were reported by Cathedral Gold (TSE) from the first eight holes (3,500 ft.) of a 10,000-ft. drilling program at the Sterling gold mine near Beatty,…
A drill program by San Andreas Resources (VSE) is returning more encouraging assay results from the Prairie Creek mine property about 300 miles west of Yellowknife, N.W.T. The company said drilling co…
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