Sikaman completes private placement
Sikaman Gold Resources (TSE) of Toronto says it has completed arrangements for a $600,000 private placement for a 12% convertible redeemable debenture But as the company has received additional commit…
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Jerome set to amalgamate with International Platinum
To ease its financial difficulties, Toronto-based explorer Jerome Gold Mines (ASE) says it has signed a letter of intent to amalgamate with privately owned International Platinum. Jerome, which held a…
Great Lakes boosts interest in Michigan copper projects
Great Lakes Minerals (TSE) has acquired the right to purchase all the issued and outstanding shares of Keweenaw Copper Company (KCC), a private Michigan-based company, in exchange for 550,000 shares o…
COATS (over-the-counter) Mountain Beaver funds
Planning a $550,000 exploration program on the Figuery property in Quebec, Mountain Beaver Resources has received partial proceeds of $270,000 from a recent share offering. The company must spend $4 m…
Chutine completes Luz copper reserve study
A copper reserve study has been released by Chutine Resources (VSE) for the company’s Luz del Cobre claim situated near San Antonio de la Huerta in northern Mexico. The claim extends over 120 hectres …
Asarco buys out Wiluna partner
The Australian subsidiary of Asarco (NYSE) has acquired full ownership of the Wiluna gold mine in Western Australia. Asarco Australia, 60% owned by its New York-based parent, bought the 50% interest i…
Placer Dome buys shares of Pan Orvana
The proceeds of a recent private placement by Placer Dome (TSE) will be used by Pan Orvana Resources to carry out exploration in south-central British Columbia and north-central Washington. The progra…
Hemlo backs away from Magnacon mill, leaves Flanagan floundering
To the surprise of management at Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE), Hemlo Gold Mines (TSE) has decided to back away from a proposal to purchase an interest in the Magnaco…
Santa Fe Pacific boosts reserves
Gold production at a nominal rate of 100,000 oz. per year is expected to begin in the third quarter of 1991 at the Lone Tree mine owned 100% by Santa Fe Pacific Gold, a unit of Santa Fe Pacific (NYSE)…
Ont. geoscientists meet to discuss registration issue
The first meeting of a Sudbury- based group which is seeking formal registration for all professional geoscientists in Ontario was held recently at Sudbury, Ont. Ed Sawitzky, vice-chairman of the Sudb…
Pine Channel drops Deception Lake
After receiving poor exploration results from its Deception Lake property in northern Saskatchewan, Pine Channel Gold (VSE) has decided to drop the property. The move comes after a unit of Noranda (TS…
Survey gives data on silver supplies
World Silver Survey, 1950-1990 predicts how the metal will fare in this decade. The book lists market factors that influence today’s silver price and analyses global silver supplies. Also included are…