GOLD FUNDS (July 20, 1992)
BGR Central Net Value $8.26 $5.04 Price $7.13 $4.70 Discount 13.72% 6.70% Value $49,169,000 $79,074,210…
News
Inco withdraws
Nickel-producer Inco (TSE) says it has withdrawn from negotiations concern ing its possible purchase (72% interest) in the Queensland Nickel joint ven ture in Australia. Inco was talking with a consor…
NEWS IN BRIEF (July 20, 1992)
Lord River Gold Mines Ltd. (LRD:VSE) has changed its name to Aquamin Resources. Inc. (AQN:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is Montreal Trust.
PEOPLE — FOOTWALL EXPLORATIONS (July 20, 1992)
Peter Merry and Andrew von Kursell appointed directors.
LATIN AMERICA — Outokumpu Copper Resources reports.
The company, part of Outokumpu group of Finland, recently received a feasibility study for the project from engineering firm Fluor Daniel Wright. The study estimates total reserves of 556 million tonn…
Challenger options property in northwestern Ontario
Recently listed Challenger Minerals (VSE) has been granted the right to earn a 100% interest in the Marshall Lake copper-zinc property 160 miles northeast of Thunder Bay, Ont. Aur Resources (TSE) will…
Aurizon, Soquem complete deal
Soquem, the exploration arm of the Quebec government, is set to earn a 50% stake in Aurizon Mines’ (TSE) Bruneau Twp. gold property after closing an option agreement with Aurizon. Soquem can exercise …
Northgate amends debenture terms
Toronto-based Northgate Exploration (TSE) recently announced a plan to amend the terms of a $13.7-million 7% convertible subordinated debenture issue to allow for retraction on Aug. 28. Subject to reg…
Laramide provides funds for Atna
A recent private placement by Laramide Resources (VSE) will provide funds for Atna Resources (VSE) to initiate joint exploration for gold-rich copper-zinc deposits in central California. Atna has been…
LETTERS TO THE EDITOR — Diamond hunt in the Prairies
The writer of the article “Juniors raise cash for diamond hunt” (T.N.M., July 6/92) has overlooked the exploration activity going on in the prairie provinces. The Northern Miner is providing an inordi…
Aber ships till samples to laboratory for analysis
Vancouver-based Aber Resources (TSE) says it has taken hundreds of till and esker samples to follow up geophysical anomalies on its properties in the Lac de Gras area of the Northwest Territories. The…
Amax encouraged by Robertson widths
Two holes drilled by Amax Gold (NYSE) returned promising gold values over appreciable widths from the Robertson gold property adjacent to Placer Dome’s Pipeline gold discovery in Nevada. Amax can earn…