EXPLORATION ’93 — Gregor drills Hemlo property
Having performed stripping and mapping, Gregor Goldfields (CDN) now plans to complete a 10,000-ft. drill program on its Marathon gold project. Surface samples from the 264-claim property, near Hemlo, …
News
EXPLORATION ’93 — Alberta brine deposits host industrial
An industrial minerals industry based on substantial brine deposits is unfolding in Alberta. Under investigation are potential deposits scattered throughout the province, five of which have been ident…
EXPLORATION ’93 — Awake exercises William warrants
A Luxembourg holding company, Awake S.A., will exercise 828,008 warrants of William Resources (ME), entitling Awake to buy one common share of William for 26 cents. Awake will increase its stake in Wi…
EXPLORATION ’93 — Helicopter handles heavy loads
A Boeing 234 Chinook helicopter was used in September and early October to help mobilize heavy mining equipment and supplies to two sites in the Lac de Gras area of the Northwest Territories. The Chin…
EXPLORATION ’93 — Several influences reshaping international
Uranium and its uses have been controversial since the metal was first put to military use in the 1940s. Commercial use followed in the 1950s. Like gold, a lot of uranium has been mined over the years…
EXPLORATION ’93 — Stock market business booms
Investors in Canadian stocks have been out in full force this year. The Toronto Stock Exchange in particular has been on a roll, setting records for value of trading, and daily, monthly and annual vol…
EXPLORATION ’93 — Louvicourt on-line for 1994 production
Development of the Louvicourt base metal deposit, near Val d’Or, Que., is proceeding as planned, with production expected to begin in July, 1994. “We are very pleased with the progress of the project …
EXPLORATION ’93 — Iron formation targets pursued in N.W.T.
Although diamonds are by far the target of choice for most explorers in the Northwest Territories, several companies are investigating properties containing iron-formation-hosted gold mineralization. …
EXPLORATION ’93 — Kimberlite core draws Le Tac staking
When Jean-Jacques Martel opened the trunk of his car in downtown Montreal in July, 1992, to show core samples from Le Tac Twp. to geologist Peter Smith, the two knew they were on to something big. Mar…
EXPLORATION ’93 — Rea Gold follows growth strategy
When Canadian mining companies fled to the warmer political climes of South America, Rea Gold President James Hogan manoeuvred his Toronto-listed company through North America, snapping up bargain pla…
Financing (November 29, 1993)
Callisto Res. — 1,600,000 shs @ 10 cents. Dalton Res. — 2,000,000 shs @ 10 cents. Early Res. — 1,500,000 shs @ 10 cents. Euro-Nevada Mining — 1,100,000 units consisting of sh and purchase wt @ $38…
Gold Funds (November 29, 1993)
Gold Funds as of Nov. 23 BGR Central Net Value $15.02 $6.16 Price $13.88 $6.625 Premium 7.5% Discount 7.64% Value $84,154,000 $119,907,863…