Sutton releases Kabanga assays
Encouraging results have been released from the Kabanga nickel project in northwestern Tanzania. BHP Minerals can earn a 58% interest from Sutton Resources (VSE) by funding all exploration and develop…
News
Gold Funds (February 07, 1994)
BGR Central Net Value $16.57 $6.41 Price $14.88 $7 Premium 9.2% Discount 10.22% Value $92.8 million $126.7 million…
Toronto Stock Exchange Indices (February 07, 1994)
— 1994 — Feb 1 Jan 31 Jan 28 Jan 27 Jan 26 High Low Composite”300″ 4591.28 4554.85 4492.21 4467.35 4460.26 4591.64 4286.54 Metals&Minerals 3824.93 3807.82 3699.26 3676.73 3658.31 3855.09 3495.59 Int…
Geomaque to raise $10 million
Geomaque Explorations (CDN) plans to raise $10 million by issuing special warrants. Each special warrant will be exchangeable into one common share at no extra cost. Proceeds will be used to put into …
Kinross Gold to issue warrants
Three investment dealer firms have agreed to acquire six million Kinross Gold (TSE) warrants at $4.25 each for aggregate proceeds of $25.5 million. The warrants are convertible into an equal number of…
Preliminary Boleo tests prove positive
Partners International Curator (VSE) and Coeur d’Alene Mines (NYSE) are encouraged by preliminary metallurgical results from the Boleo property in Baja California, Mexico. Coeur d’Alene can earn a hal…
Manson Creek forms Venezuelan joint venture with Athlone
Juniors Manson Creek Resources (TSE), Athlone Resources (VSE) and Ballatar Explorations (VSE) have joined forces to buy a Venezuelan exploration company, Corporacion Venzolana de Guayana (CVG). CVG ow…
Zappa prepares for Enriquez drilling
With its share price pushing new highs, Zappa Resources (VSE) is preparing to test three bulk-tonnage gold targets within its concession in the Ponce Enriquez district of Ecuador. Zappa acquired the p…
True potential of Cominco’s Red Dog nears realization
It was enough to make even the most skeptical base metal investor salivate: an open-pit deposit containing 85 million tons grading 17.1% zinc, 5% lead and 2.4 oz. silver per ton at a strip ratio of le…
METALS COMMENTARY — Stainless steel growth good for nickel
Stainless steel represents at least 60% — and maybe as high as 70% — of nickel consumption, and fairly steady growth seems certain in the near future. Production was up again in 1993, to about 11.4 …
NEWS ROUNDUP — Northgate invests in convertible note
Toronto-listed Northgate Exploration has bought a US$3.5-million, 8% convertible note of American Resource (NASDAQ). The note is convertible into common shares of American or a 3.5% net smelter return…
NEWS IN BRIEF — Abacus looks for stratabound gold
Abacus Minerals (VSE) has obtained more trench assay results from its gold property in Brookfield, N.S. Trench 4 uncovered a sample which ran 0.76 grams gold per tonne over 19 metres, including a sect…