Bre-X releases Indonesian drill results
Significant assay results have been returned from two holes on Bre-X Minerals’ (ASE) Busang gold prospect in East Kalimantan, an Indonesian province on the island of Borneo. During the recent program,…
News
Spirit, Chesbar trenching hits gold
Spirit Lake Explorations (ME) and Chesbar Resources (TSE) have announced a spectacular intersection from a trench on La Salle concession in the Anacoco area of eastern Venezuela. Results from the firs…
Stade Exploration closes financing
Stade Exploration (ASE) has completed a private placement of 815,002 units at 75 cents each. Each unit consists of one Class A share (issued on a flow-through basis), one special warrant to acquire an…
TVX issues 23m new shares
A group of Canadian underwriters has bought 23 million new shares of TVX Gold (TSE) at $8.75 each. The sale will net TVX $201.2 million before commissions. The group — led by Burns Fry and including …
Trader eyes industrial minerals
By April, Trader Resource (TSE) expects to have acquired Mountain Minerals, a diversified producer and marketer of industrial minerals. The $8-million transaction is still subject to financing, more d…
Damoti Lake results prove deflating for venture partners
Results from the first seven holes of winter drilling at the Damoti Lake joint venture in the Northwest Territories fell short of expectations for the three owners. Partners Athabaska Gold Resources (…
Fort Knox acquires Chibougamau properties
Two base metal properties north of Chibougamau, Que., have been acquired by Fort Knox Gold Resources (TSE). The De Maures and Regnault properties are within the Frotet-Evans greenstone belt which is a…
Winslow drilling yields gold values
Project partners Winslow Gold (VSE) and Northwind Ventures (VSE) have intersected an auriferous skarn zone at the Rock Creek-Dayton Camp property in southeastern British Columbia. Hole 93-DC2-8 inters…
Recovery workers continue tough job clearing rock and debris
Having completed a crosscut to reach the 6723 stope at the Macassa gold mine of Lac Minerals (TSE) west of Kirkland Lake, Ont., recovery workers are clearing the loose material that resulted from rock…
NEWS IN BRIEF (January 17, 1994)
Consolidated Golden Pyramid Resources (CBP:VSE) has changed its name to Data Dial International on a share-for-share basis.
Echo Bay takes up Baja option
The Mexican subsidiary of Echo Bay Mines (TSE) has reached an agreement to earn up to a 60% interest in the Paredones Amarillos gold project in Baja California Sur territory. Baja Gold (TSE) owns the …
Gold Funds (January 17, 1994)
Gold Funds as of Jan. 12 BGR Central Net Value $16.68 $6.44 Price $16.00 $7.375 Premium 14.5% Discount 4.10% Value $93,461,000 $133,482,338…