Gold Funds (November 29, 1993)
Gold Funds as of Nov. 23 BGR Central Net Value $15.02 $6.16 Price $13.88 $6.625 Premium 7.5% Discount 7.64% Value $84,154,000 $119,907,863…
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Financing (November 29, 1993)
Callisto Res. — 1,600,000 shs @ 10 cents. Dalton Res. — 2,000,000 shs @ 10 cents. Early Res. — 1,500,000 shs @ 10 cents. Euro-Nevada Mining — 1,100,000 units consisting of sh and purchase wt @ $38…
EXPANDING EL INDIO AND LA COIPA: Lac, Placer may boost
With two of the country’s largest producers of precious metals looking to boost production, it isn’t surprising that Chile’s gold output is expected to climb as well. A rise in excess of 1.2 million o…
EXPLORATION ’93 — New focus on Colorado’s Sloan pipe
Considering the current level of interest in diamond exploration, it was only a matter of time before the hopes and dreams of explorationists once again settled on the Sloan diatreme, 135 km north of …
NEWS IN BRIEF (November 29, 1993)
Woodridge Resources (WOR:VSE) has changed its name to Telemac Cellular Int’l on a share-for-share basis.
EXPLORATION ’93 — Western U.S. holds promise for diamond
With diamond fever rising throughout much of North America, several juniors are pinning their hopes on a remote section of the Rocky Mountains near the Colorado-Wyoming state line. One such company, C…
Glimmer intersects gold on first Hislop stepout hole
Encouraging results are reported from the first 11 holes of a 31-hole delineation program on the Hislop property in northeastern Ontario. Hemlo Gold Mines (TSE), with a 60% interest, is the operator o…
New company gets two Wawa mines
A new exploration company has been created by three Toronto-listed juniors. Muscocho Explorations, McNellen Resources and Flanagan McAdam Resources will transfer their respective interests in the Magi…
Viceroy profits up
Increased production and a higher realized gold price of US$404 per oz. enabled Viceroy Resource (TSE) to post a 92% increase in net earnings for the 6-month period ended Sept. 30, over results achiev…
Wheaton drilling yields new intercepts
Wheaton River Minerals (TSE) has encountered more gold mineralization at a new zone on the Golden Bear property in northwestern British Columbia. The Kodiak zone, about 2 km north of the Golden Bear m…
EXPLORATION ’93 — Mines Gaspe marks 40 years
The Mines Gaspe operation of Noranda (TSE) reached a major milestone in 1993 — 40 years of operation. Situated in the rugged interior of the Gaspe Peninsula near Murdochville, Que., Mines Gaspe opera…
EXPLORATION ’93 — Boliden works copper mine in Sweden’s
Some 27 million tonnes of material are moved annually at the open-pit Aitik copper mine of Boliden in northern Sweden, Mannesmann Demag reports. The equipment manufacturer has two large hydraulic shov…