NEWS IN BRIEF (December 06, 1993)
Gold Parl Resources (GPA:VSE) has changed its name to Canmet Resources (CMT:VSE) on a 1-new-for-2-old-share basis.
News
MH encouraged by Mag Lake play
Encouraging gold and base metal values have been uncovered at MH Resources’ Mag Lake property in the Northwest Territories. The company is owned 40% by Noble Peak Resources (ASE), 40% by Dejour Mines …
LAST BUT NOT LEAST — AMR gets Chinese rare earth plant
A subsidiary of Advanced Material Resources (ASE) has acquired a 60% interest in a rare earth oxide plant in East China. The plant, in Jiangyin within Jiangsu province, produces high-value rare earth …
LAST BUT NOT LEAST — Copper drives Arimetco into red
Lower copper prices drove Arimetco International (TSE) to a loss for the nine months ended Sept. 30. A loss of US$2.7 million on sales of US$15.2 million was reported for the period. This compares to …
Joutel issues 9 million units
Joutel Resources (TSE) has sold nine million units at 45 cents through a group of underwriters led by Gordon Capital. The sale closed Nov. 25. Each unit consists of one subordinate voting share and on…
Bolivar Goldfields plans drilling in Venezuela
Exploration is under way on four concessions held by Bolivar Goldfields (VSE) in southeastern Venezuela. The junior holds one of the largest land positions in the country’s Guyana Shield, encompassing…
Emerald Isle busy exploring for garnets northeast of Sudbury
Vancouver-listed partners Emerald Isle Resources (VSE) and Stralak Resources (VSE) have begun exploring a garnet property northeast of Sudbury, Ont. Previous work on the Street Twp. joint venture outl…
Low copper prices force Gibraltar closure
Persistently low copper prices have prompted Gibraltar Mines (TSE) to shut down its mine and mill at McLeese Lake, B.C. Staged layoffs took effect Nov. 26; mining and milling ceased four days later. D…
NEWS ROUNDUP — Lyon drills Costa Rican bet
Lyon Lake Mines (ME) has released results of reverse circulation drilling on the Beta Vargas gold project in Costa Rica. Results from the first 13 of 17 holes include 0.12 oz. gold per ton over 13 ft….
NEWS ROUNDUP — Radisson reports program results
Project manager Agnico-Eagle Mines (TSE) has finished initial exploration of the Cavelier gold property near Matamagi, Que. Ownership is split 50-50 between Agnico and Radisson Mining Resources (ME). …
NEWS ROUNDUP — Regal completes private placement
To fund drilling on its Black Twp. gold property near Kirkland Lake, Ont., Regal Goldfields (CDN) has arranged a private placement. The company is issuing 80,000 units at $2.50 each. A unit consists o…
Media award
The Chamber of Mineral Resources of Nova Scotia is establishing an annual Media Award to be given to writers who present the province’s mining industry in a favorable light. The Chamber plans to prese…