EXPLORATION ’94 — Holloway decision awaited
The Holloway gold project in northeastern Ontario could be in production by late 1995 pending approval by partners Hemlo Gold Mines (TSE), Freewest Resources (TSE) and Teddy Bear Valley Mines (CDN). A…
News
EXPLORATION ’94 — Promoters a unique breed of people
Promoters are a unique breed of people who share a common ability to create and share a vision. Some of them can do it with an almost evangelical fervor. The undisputed star in Vancouver is Murray Pez…
Rich coastal deposits in southern Africa — Namibian Minerals
About half the world’s diamonds have come from river and coastal deposits along the west coast of South Africa and Namibia. And while virtually all of that has been produced by De Beers, the industry …
Severe winter takes toll on metals
Some first-quarter forecasters will be disappointed, particularly in the U.S. and parts of Europe. Severe winter weather across the Northern Hemisphere has slowed output and consumption of many produc…
NEWS IN BRIEF (March 07, 1994)
Mt. Kearsarge Minerals (MKMN:CDN), under new control, will abandon the resource sector for opportunities in other industries.
NEWS ROUNDUP — Tri Origin to sell 1.2 million units
Junior Tri Origin Resources (TSE) plans to sell up to 1.2 million units on a best-efforts basis. Each unit will consist of one common share and one warrant. Holders of warrants will be entitled to buy…
NEWS ROUNDUP — CSA revenues and expenses decline
Earnings and revenues for CSA Management (TSE) declined last year as a result of a non-recurring gain of $1.4 million on the sale of an investment in securities realized during 1992. CSA reported a ne…
EXPLORATION ’94 — Exploration permits snapped up in Alberta
Sometimes the strongest message is in what is not said. The overall silence of major companies exploring for diamonds in Alberta is causing some juniors to wonder what, if anything, they are holding b…
Black Swan gets Liberty Bell
Junior Black Swan Gold Mines (TSE) can acquire a past-producing gold mine in Alaska from a private U.S. company, in return for issuing 20 million treasury shares. The Liberty Bell mine started up in t…
Cyprus, Holmstead in joint venture
Junior International Holmstead Resources (VSE) will join with Cyprus Canada to explore the former’s Rand gold property. The property comprises nine contiguous claims in the southeastern part of Kirkla…
Sherritt completes share offering
Toronto-listed Sherritt has offered 18.5 million common shares at $11 each, on a bought-deal basis. Proceeds of $194 million will be used partly for acquisitions. The company has entered discussions w…
Toronto Stock Exchange Indices (March 07, 1994)
— 1994 — Mar 1 Feb 28 Feb 25 Feb 24 Feb 23 High Low Composite”300″ 4390.43 4423.84 4364.23 4329.12 4368.35 4601.09 4286.54 Metals&Minerals 3584.95 3661.93 3618.73 3555.22 3569.71 3855.09 3495.59 Int…