PEOPLE — AGINCOURT EXPLORATIONS (April 11, 1994)
Murray Provost and Bruce Horner appointed directors.
News
South Australia invites exploration
An increase in exploration in South Australia has prompted that state’s government to commit funds for a further work program. About A$1 million of the A$5-million program will finance airborne geophy…
Onshore, Minorco to drill Irish play
Partners Onshore Resources and Minorco are continuing their search for base metals on a 650-sq.-km property in central Ireland. The property is on a major structural trend which extends southwestwards…
LAST BUT NOT LEAST — Bre-X hits gold in Indonesia
A drill hole on Bre-X Minerals’ (ASE) Busang prospect in East Kalimantan, Indonesia, has intersected gold mineralization. BRH-4A, the first hole in a program of 10, returned 4 grams gold per tonne ove…
Sikaman to convert preference shares
At the annual meeting in Toronto, shareholders of Sikaman Gold Resources approved management’s proposal to convert all Series A, B and C preference shares into common shares. A total of 2.4 million pr…
Dayton gets bank loan for Chilean play
An underwriting commitment from Barclays Bank and Banque Paribas will help Dayton Mining (TSE) bring its Chilean gold project to production. The two banks agreed to lend the company US$50 million, sub…
LAST BUT NOT LEAST — Correction (April 11, 1994)
Producer Rio Algom (TSE) generated revenue of $22.1 million in 1993 from the combined disposition of its interests in El Condor Resources (VSE), St. Philips Resources (VSE) and two other portfolio inv…
Monarch Res. files prospectus
London-listed Monarch Resources has filed a preliminary prospectus for shares valued at $US30 million. About US$20 million will be offered to Canadians and the remainder will be offered to existing sh…
Copper doldrums force Crew to drop Red Dog project
The poor price of copper has prompted Crew Natural Resources (VSE) to drop its interest in the Red Dog copper-gold project on northern Vancouver Island. The decison was also influenced by BHP Minerals…
LATIN AMERICAN SPECIAL — Barrick drills active — Peru’s
Prospects for the Yanacocha district of northern Peru are looking up on news that American Barrick Resources (TSE) is meeting with drilling success at its Corona project. The property features a large…
Latin American Special — Chilean copper, gold projects
With 10-15 new copper projects scheduled to start up by the year 2000 and several major gold projects waiting to be exploited, Chile is one of the most attractive countries for mining investment. Last…
NEWS ROUNDUP — Graphite sales up 6% for Stratmin
North America’s largest producer of natural graphite, Stratmin (ME), has reported a 6% increase in sales. The company sold $12 million worth of graphite in 1993, compared with $11.3 million in 1992. M…