FINANCING (April 15, 1996)
International CanAlaska — 5,720,000 common shs and 2,600,000 sh purchase wts issuable upon exercise of 5,200,000 special wts @ $1.00 per special wt.
News
Kenrich prepares to drill Corey property
A $1.4-million drilling and exploration program is set to begin on the Corey property in northwestern British Columbia.Kenrich Mining (VSE), which owns the 83,000-acre property, will drill 40 holes in…
PEOPLE (April 15, 1996)
AMAX GOLD — Scott Shellhaas appointed president and chief operating officer.CONS. NRD RES. — Brent Fidler and Derek Keating appointed directors.CORDAL RES. — Bernie Brauer appointed director; Rober…
EDITORIAL — Our mining heritage: an industry in itself
Some of the most popular tourist destinations in rural Canada are former mine sites. Barkerville, a small British Columbia town which keeps alive the spirit and color of the historic Cariboo gold rush…
Ashton begins drilling at Cross
Ashton Mining of Canada (TSE) is proceeding with a drilling program on its Cross property, in the southwestern region of the Northwest Territories’ Slave province.Work carried out there in 1995 led to…
Arequipa readies for Peruvian drilling
In preparation for drilling at the Pierina gold project in north-central Peru, Arequipa Resources (TSE) has completed the first 1.8 km of a 5-km access road.Meanwhile, underground sampling of a tunnel…
AMT raises funds for copper project
Toronto-listed AMT International Mining has closed an initial public offering of 6.5 million units priced at $1 per unit.Each unit consists of one AMT common share and one AMT common share purchase wa…
METALS COMMENTARY — Changes are expected in cost structure of the nickel industry, study says
A recent study by mining and metal consultants Brook Hunt suggests the cost structure of the nickel industry will be “dramatically altered” by the end of the decade when the significance of the Voisey…
Ashanti to increase African property portfolio
In an effort to increase its gold production in Africa, Ashanti Goldfields has announced plans to acquire Toronto-listed International Gold Resources (IGR).IGR’s principal asset is the right to acquir…
Bre-X renews CoWs for Indonesian properties
Directors of Bre-X Minerals (ASE) moved to reassure investors following reports in the financial press that cast doubt on the analytical methods the company has used at its Busang project on the Indon…
Companies (April 08, 1996)
AMT Int’l M’gArchangel DmndArequipa Res.Arimetco Int’lArista Res.Ashanti GldfldsAshtn Mg of CdaAuckland Expl.Aurizon MinesAuspex MineralsBaja GoldBirim GldfldsBlack Hawk M’gBlack Swan GoldBre-X Minera…
Birim extends Mampon showing
Drilling by Birim Goldfields (CDN) on the Dunkwa property in Ghana has extended the length of the Mampon zone by 150 metres.Another four holes extended the strike length, which remains open in both di…