High River options ground near Snow Lake
Under an agreement between High River Gold Mines (TSE) and Manitoba mining consultant Bruce Dunlop, High River can acquire two properties next to its Snow Lake gold project in northern Manitoba. One o…
News
NEWS ROUND-UP — Farallon drops Spanish, FAR
To conserve funds and concentrate on acquiring an undervalued, advanced-staged project, Farallon Resources (VSE) has elected to terminate option agreements on two projects. The company is dropping its…
NEWS ROUNDUP — Belmoral to buy oil and gas company
Toronto-based junior Belmoral Mines (ASE) has agreed to buy Langevin Resources, an oil and gas company managed by PanCanadian Petroleum (ASE). In connection with the acquisition, Belmoral will issue m…
NEWS IN BRIEF (September 27, 1993)
Bridger Resources (BDG: VSE) has changed its name to BDG Pacific Resources with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Pacific Corporate Trust.
MITEC gives boost to exploration research
The exploration technology division of MITEC (Mining Industry Technology Council of Canada) is becoming an active agency through which industry funds are transferred to research groups. Several resear…
Airborne, sampling results reported from Cross Mine
Several new anomalies which may represent mineralized and altered zones have been outlined in an airborne survey on the Cross Mine properties near Boulder, Colo. Nearly all of the known mineralized zo…
Kinbauri ups damage claim to $10 million
Ottawa-based junior Kinbauri Gold has increased to $10 million its damage claim against International African Mining Gold (IAMGOLD). Kinbauri launched the lawsuit in August, 1991, after IAMGOLD, a pri…
Black Pine drilling
A second phase of drilling at the Black Pine property of Formation Capital (VSE) has extended the known strike length of possibly connected mineralized zones to more than 4,000 ft., compared with the …
New zone found at Meliadine
Drilling on the Meliadine project, 10 miles north of Rankin Inlet in the Northwest Territories, has turned up a new gold zone. The project is a joint venture between Cumberland Resources (VSE) and Com…
LAST BUT NOT LEAST — Marshall completes private placement
An institutional investor has bought two million shares of Marshall Minerals (ASE) for $3 million. The holder of Marshall’s $3-million convertible debentures will, at the appropriate time, convert the…
LETTERS TO THE EDITOR — Diamonds shouldn’t be the only
Your past few issues had a number of letters regarding information problems and risk assumed by investors in mining companies involved with diamond exploration, especially in Canada. There is no doubt…
Sarnoff KOed in Las Vegas diamond debate
It was supposed to have been The Great Diamond Debate. But Paul Sarnoff, editor of Gold Stocks Advisory and noted diamond play skeptic, was thrown onto the ropes during a panel discussion sponsored by…