Noramco joins Pamlico project
Junior Noramco Mining (TSE) can earn a 21% interest in Nevada’s Pamlico gold property from Cactus West Explorations (VSE). In return, Noramco must spend US$825,000 by April 30, 1996. Cactus West has a…
News
NEWS ROUNDUP — Trillion acquires Tanzanian gold play
A wholly owned Tanzanian subsidiary of Trillion Resources (TSE), Silobela Resources, has been granted a licence to explore for gold in northwestern Tanzania. The 1213-sq.-km concession is in the Seken…
Promising results at Virginia’s Labrador Trough Romanet
Exploration of the Romanet project in the Quebec portion of the Labrador Trough has yielded interesting results for owner Virginia Gold Mines (ME). The property, 190 km north of Schefferville, is next…
EDITORIAL PAGE — 1993 report card
This was the year the world came knocking on Canada’s mining door. Representatives from countries around the globe came to entice Canadian explorers abroad. They came for our mine-finding and mine-bui…
NEWS IN BRIEF (December 27, 1993)
Ashgrove Energy (ASH:ASE) has changed its name to Ashgrove Energy (ASG:ASE) on a 1-new-for-6-old-share basis.
Nucore, New Aegis plan Venezuelan work
A second phase of work is planned for the NCJ gold concession in east-central Venezuela. A 1993 program by owners Nucore Resources (VSE) and New Aegis Resources (VSE) focused on geochemical and geophy…
Heath in Cuban drilling venture
An affiliate of Heath & Sherwood Drilling (1986), Heath & Sherwood International of Willowdale, Ont., has formed a joint venture with Geominera S.A. to provide contract exploration drilling services f…
LAST BUT NOT LEAST — Green Line starts production tests
Having moved ball mills onto its Costa Rican gold property, Green Line Business Stores (CDN) expects to begin production. The company is planning 60-day production test at 100 tons per day. It also pl…
Giveaways hurting zinc industry
The American Zinc Association has charged the U.S. defence department with selling stockpiled zinc at prices below the market. The zinc sold from that nation’s strategic stockpile has cost taxpayers m…
STOCK MARKETS — Wild trading galvanizes western markets
So much for the so-called Christmas doldrums. Investors and traders don’t appear to be taking any time off prior to the Christmas break, judging from the wild action on western markets. The Vancouver …
LATIN AMERICA — Mexico acts to encourage private mining
The Mexican mining industry has been forced to undergo a restructuring the likes of which it has never experienced, according to the Mexican Investment Board. The reorganization has been triggered by …
GOLD FUNDS (December 27, 1993)
Gold Funds as of Dec. 21 BGR Central Net Value $15.73 $6.53 Price $14.75 $7.125 Premium 9.1% Discount 6.22% Value $88,098,000 $128,957,513…