Placer options Cat North claims
A recent formal agreement allows Placer Dome (TSE) to earn up to a 70% interest in the Cat North claims owned by Lysander Gold (VSE) north of Prince George, B.C. The claims are adjacent to the BP Cana…
News
Battle Mountain drilling Phoenix
A unit of Battle Mountain Gold (NYSE) recently started a 6,000-ft. diamond drill program on the Phoenix project aimed at locating large-tonnage gold-copper skarn deposits. The property is in the Green…
NEWS IN BRIEF (July 06, 1992)
Springer Resources Ltd. (SPR:VSE) has changed its name to Bristol Explorations Ltd. (BTL:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Pacific Corp.
New Labrador company formed
A group of Labrador West residents recently formed Shabogamo Mining & Exploration to explore for mineral deposits in Labrador. Company president is Dave Lough. Mapping and sampling work is planned thi…
US$8-million deal for Jones Hill
A work program to include at least 10,000 ft. of diamond drilling is under way on the Jones Hill property in New Mexico, a volcanogenic massive sulphide project acquired earlier this year by Champion …
B.C. mine rescue competitions attract 17 teams
Seventeen teams battled it out at the provincial mine rescue and first-aid competitions recently held at the Fernie ski hill in southeastern British Columbia. Westar Mining’s Greenhills operation edge…
EDITORIAL PAGE — Disclosure on diamonds
In the past three months, the market value of Dia Met Minerals has increased to $17 from $7; that of Aber Resources has gone from 25 cents to $2.25 and SouthernEra Resources has soared to over $2 from…
Bard negotiating diamond interest
Trading in shares of Bard Silver & Gold (VSE) remains halted pending the outcome of the company’s negotiations to acquire Stewart Blusson’s minority interest in the Point Lake joint venture in the Lac…
Gem diamonds: from 0.005 to 3,000 carats (Part two of three)
Some of the smallest gem diamonds weigh no more than one-200th of a carat. They are known as “half-pointers.” Though not measuring much over a millimetre, stones half that size are also produced. They…
NEWS ROUNDUP — Freewest options Corner Bay property
Partners Corner Bay Minerals (TSE) and Roycefield Resources have entered into an agreement with Freewest Resources (TSE) to explore a 167-claim property in New Brunswick. By spending $500,000 on explo…
STOCK MARKETS — Rio Algom active issue on Rio Tinto share
Toronto-based Rio Algom emerged as one of the most active issues on The Toronto Stock Exchange during the week ended June 29, as British resource giant RTZ completed a second offering of 22.5 million …
FINANCING (July 06, 1992)
International Brace Res Inc. – 900,000 units consisting of 1 sh and 2 wts offered @ 54 cents per unit. DRT Res. Ltd. – 1,000,000 shs offered @ 16 cents per sh. Swannell Minerals Corp. – 2,250,000 shs …