Cons. Ramrod buys Nevada bet
Consolidated Ramrod Gold (TSE) will acquire a 78% interest in the Railroad property in Nevada’s Carlin Trend. It can acquire the interest from Westmont Gold by paying US$4 million over 42 months. The …
News
Toronto Stock Exchange Indices (December 20, 1993)
— Week — Dec 14 Dec 13 Dec 10 Dec 9 Dec 8 High Low Composite”300″ 4244.43 4293.38 4280.30 4290.63 4307.67 4307.70 4243.53 Metals&Minerals 3473.35 3551.97 3497.71 3483.08 3515.57 3557.08 3468.53 Inte…
Financing (December 20, 1993)
Cambior — 5.5 million units @ $20.65. MSV Resources — 4.1 million Cl A shs issuable upon the exercise of special wts @ $2.20 per special wt. Summit Resources — 2,000,000 shs to be issued upon exerc…
Gold Funds (December 20, 1993)
Gold Funds as of Dec. 14 BGR Central Net Value $15.63 $6.40 Price $14.50 $6.750 Premium 5.5% Discount 7.24% Value $87,561,000 $122,170,275…
Cyprus-Northway
About 18.2 million tonnes grading 1.48 grams gold per tonne have been outlined at the Quebec joint venture of Northway Explorations (TSE) and T & H Resources (TSE). The preliminary estimate was record…
Timmginn plans second program
Drilling has identified previously unreported faults on inactive railway land in Timmins, Ont. One of the faults has past production on the adjoining Hollinger ground. The 4-hole program, conducted by…
NEWS ROUNDUP — Orco sample yields revenue
A bulk sample from the Donalda gold property near Rouyn-Noranda, Que., has yielded 4,300 oz. and gross revenue of $2.1 million. Orco Resources (ME) says 19,147 tonnes were milled in a flotation circui…
Goldex shareholders approve merger
Shareholders of Goldex Mines (TSE) have approved an amalgamation with a wholly owned subsidiary of Agnico-Eagle Mines (TSE). Agnico, which already owns 53.7% of Goldex, will acquire the remaining 46.3…
Contamination suspected in Strike core
Goldhunter Explorations (ASE) is reconsidering its participation in a joint venture in the Shining Tree camp after an intersection, which had been rumored to be rich, was attributed to “contamination….
NEWS ROUNDUP — Higher recovery at Gilt Edge mine
A bulk heap-leach test of sulphide ores from the Gilt Edge deposit in South Dakota indicates a recovery rate higher than previously thought. The property is owned by Dakota Mining (TSE). In October, 1…
NEWS ROUNDUP — NovaGold offers process to partner
Angostura Mining C.A. of Venezuela and NovaVenez, a subsidiary of NovaGold Resources (TSE), are forming a joint-venture company. The company will research ore processing for a plant to be constructed …
Rayrock’s gold output rises
In the fist nine months of 1993, Rayrock Yellowknife Resources (TSE) sold more gold than in the same period last year. Sales increased to 65,479 oz. at an average price of US$351 per oz. from 57,694 o…