NEWS IN BRIEF (March 23, 1992)
Gregory Exploration Ltd. (GEL:ASE) has changed its name to Global Mineral & Chemical Ltd. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is National Trust.
News
GOLD FUNDS (March 23, 1992)
BGR Central Net Value $8.13 $5.17 Price $7.50 $4.500 Discount 7.77% 13.0% Value $48,416,000 $75,709,350…
Redfern expands holdings in Tulsequah River area
With the payment of 30,000 common shares, Redfern Resources (TSE) acquired a 100% free and clear interest in a number of claims owned by Silver Talon Mines (VSE) in the Tulsequah River area of northwe…
Abel Lake seeks project partner
Privately owned Abel Lake Resources is in the market for an exploration partner for its northeastern Ontario prospect following the withdrawal of property option holder Royal Oak Mines (TSE). Abel Pre…
Encouraging gold values in FER core
Recent assays from the FER copper-zinc property in northern Manitoba include encouraging gold values, reports Canmine Resources (CDN). Holes FER-3 and FER-4 intersected three sulphide-bearing lenses g…
KWG, SEG plan more drilling to test Granada
Results from the drilling of the two easternmost sections investigated by a recent program (on the No. 1 zone) at the Granada gold project near Rouyn-Noranda, Que., indicate that the system is open on…
Starmin plans warrant offering
Toronto-based Starmin Mining (TSE) says it has negotiated an agency agreement with Yorkton Securities for a private placement of 312,500 special warrants at 72 cents per warrant, on a best efforts bas…
Troymin to focus on Lac de Gras
Calgary-based Troymin Resources (ASE) says it will focus its exploration efforts on the Lac de Gras diamond play in the Northwest Territories this year. Troymin holds a 20% interest in about 96,000 ac…
74 juniors, by latest tally, directing efforts to Mexico
As the bigger companies downsize their exploration efforts in North America, the emphasis on Mexico has mushroomed to the point where there are now at least 74 Canadian and a handful of U.S. firms con…
Harcourt offers moral support but little else for B.C. mining
We don’t want to see mining become a sunset industry,” British Columbia Premier Michael Harcourt told an industry audience during Mining Week ’92, a recent symposium sponsored by the province’s Mining…
Placer to option McFinley project
McFinley Red Lake Mines (TSE) expects to solve some of its recent troubles by optioning its 30-claim Bateman Twp. gold project near Red Lake, Ont., to Placer Dome (TSE). The two companies have signed …
Eastmaque, Equinox merger gains shareholder approval
Shareholders of both Equinox Resources (TSE) and Eastmaque Gold Mines (TSE) recently approved the merger of the two companies leaving Equinox the surviving entity. The companies expect to complete the…