Black Hawk funding (March 07, 1994)
A private placement of special warrants valued at $4.6 million has been completed by Black Hawk Mining (TSE). The warrants were sold for $1 each and entitle the holder to receive one Black Hawk unit f…
News
Baja Gold lands Ecuadorean gold property
An agreement with the industrial arm of the Ecuadorean military enables Baja Gold (TSE) to explore and develop the Pijili property in southern Ecuador. Mineralized veins have been identified on surfac…
Great Lakes works Lluvia de Oro
A drilling and trenching program has ended at the Lluvia de Oro project in northwestern Mexico. As part of an option agreement, Great Lakes Minerals (TSE) drilled 14 holes totaling more than 4,700 ft….
Teck boosts stake in Cominco (March 07, 1994)
Companies heavily dependent on zinc operations have not fared well in recent years, and Cominco (TSE) is no exception. The major posted a loss of $113.2 million for 1993, which follows a loss of $30.2…
Savanna increases Baffin Island holdings
Alberta-listed Savanna Resources has been granted an additional six prospecting permits in the Foxe fold belt of central Baffin Island. This brings its total number of permits to 10. Noranda Explorati…
NEWS ROUNDUP — Soquem hits new zone on Vior land
A new gold zone has been intersected on the Douay North-West property near Joutel, Que. Soquem is earning a 60% interest from Societe d’exploration miniere Vior (ME) by completing a drill program. The…
PEOPLE — AMERICAN MINING CONGRESS (March 07, 1994)
Richard Osborne elected chairman; Allen Born elected vice-chairman; Douglas Yearley elected vice-chairman and chairman of the financial committee; David Eckert, J. Harvey, Werner Nennecker and Richard…
PEOPLE — AARON OIL (March 07, 1994)
Peter Kreutzer appointed chief executive officer and Andrew Hyslop appointed chairman and director.
THE DIAMOND PAGE — Canadian junior increases stake in South
Vancouver-listed junior Diamond Fields Resources will assume total ownership of the Loxton Dal and Frank Smith mines in South Africa. Chairman Jean-Raymond Boulle has announced plans to acquire an out…
STOCK MARKETS — Precious metals indexes rise
Gold bullion prices were again weaker, but the slide was at least minor compared with that of last week. Spot prices were off US$1.05 per oz., closing at US$376.45. In spite of bullion weakness, the T…
BGR Precious nets $42.6 million
Toronto-listed BGR Precious Metals has raised $42.6 million. The funds are from the sale of 2.5 million units at $17.85 per unit. Each unit consists of one Class A share and a Class A share purchase w…
COMMENTARY — Tungsten and the Chinese market
China is affluent in tungsten resources and its operational costs are lower than those of most tungsten producers in the world. Although the demand for tungsten in the world market is not strong, if C…