NEWS ROUNDUP — TVX buys Homestake interests
TVX Gold (TSE) will acquire Homestake Mining’s (NYSE) half interest in the Mineral Hill and Jardine joint ventures. The agreement will bring TVX’s interest in both Montana gold properties to 100%. TVX…
News
Four companies to form CanGold
Four related companies plan to amalgamate under the name CanGold Resources. The four are Hughes Lang (VSE), Orofino Resources (TSE), Nova-Cogesco Resources (TSE) and Equity Reserve (TSE). Under the pl…
LETTERS TO THE EDITOR — Rude awakening imminent
I would like to thank The Northern Miner for bringing to the public’s attention the fact that Canada’s central bank gold reserves will be zero in another 24 months at the present rate of selling by th…
DIAMOND PAGE — Diamond merchants make their pitch
Canadians have made progress but still have a long way to go when it comes to exploiting diamonds, according to two analysts who spoke at the recent Manitoba Mining, Minerals and Petroleum Convention….
Canuc completes rights offering
A rights offering has netted Canuc Resources (CDN) about $510,000, enabling the company, once again, to explore for minerals. It is now evaluating two gold properties in Mexico and Spain. In other new…
Golden trenches for Cathedral (December 06, 1993)
Trenching on the Kaburi-Eldorado project in Guyana has returned gold values over widths up to 66 ft. grading 0.14 oz. gold per ton. Cathedral Gold (TSE) can earn up to a 90% interest in the property, …
LAST BUT NOT LEAST — Caribgold nets $4.1 million
Caribgold Resources (CDN) has completed a placement of 2.5 million units to a group of European investors. Each unit consists of one common share and half a warrant at $1.65 per unit. Each whole warra…
PEOPLE — KOOTENAY KING (December 06, 1993)
Peppa Martin, Grant Price and James Marengo appointed directors.
PEOPLE — CANADIAN OVERSEAS EXPL. (December 06, 1993)
Graeme Hill and Deborah Torcoll appointed directors.
PEOPLE — INT’L TOURNIGAN (December 06, 1993)
James Curtis appointed director.
PEOPLE — CANADIAN COMSTOCK EXPL.
Reno Vultaglio appointed director.
Great Lakes buys into Grouse Creek
A preliminary prospectus for an offering worth up to $35 million has been filed by Great Lakes Minerals (TSE). The company will use US$6.8 million to buy a 20% undivided interest in the Grouse Creek g…