News


Menora completes private placement

A private placement of 1,125,000 units has netted Menora Resources (ME) $450,000. Each 40 cents unit consists of one share and one warrant. Redemption of two warrants plus 80 cents on or before April …


Tan Range acquires Tanzanian property

A 100-sq.-km gold concession in northern Tanzania has been secured by Tan Range Exploration (ASE). The property in the Igogo Hills area covers a deformed banded iron formation. Sampling has returned g…




New TSE rules shut out juniors

The Toronto Stock Exchange may have shut the door on junior mining companies by tightening its listing requirements. Under the revised rules, all new companies must have a public float of $2 million, …


Gibraltar extends drilling program on North zone

Continued drilling success on the North zone has prompted Gibraltar Mines (TSE) to initiate an additional drilling program of 29 holes totalling 22,600 ft. Subject to extensive drilling since its disc…




EMR grants

Research grants totalling $2 million will be used to support resource-related projects for 1992-93. This funding comes from the federal Department of Energy, Mines and Resources (EMR) and the Natural …


San Andreas plans winter drilling

With the release of additional high-grade lead-zinc-silver values at its Prairie Creek property 300 miles west of Yellowknife, N.W.T., San Andreas Resources (VSE) announced plans to continue drilling …


Coal association cancels meeting

The coal industry is in such turmoil, the Calgary-based Coal Association of Canada has cancelled its Industry Outlook Symposium for October. A key speaker dropped out when his mining company failed an…


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