Hemlo drops Taurus option
After drilling five holes, Hemlo Gold Mines (TSE) has decided not to earn an interest in Lodestar Explorations’ (VSE) Taurus copper property, in eastern Alaska. Discovered 20 years ago, the porphyry d…
News
STOCK MARKETS — Mining issues add sparkle to eastern stock
Gold and base metal stocks emerged as star performers on eastern markets during the week ended Mar. 23 as metal prices began to show some signs of life. They helped the Toronto Stock Exchange overcome…
STOCK MARKETS — Diamond fever gives boost to VSE resource
Diamond exploration returned to the limelight during the period ended March 23, helping to propel the Vancouver Stock Exchange resource index up more than 42 points to the 879 level. The composite ind…
New reserves for Douay zone
Following winter drilling on its Douay property near Joutel, Que., Societe d’Exploration Miniere Vior (ME) has updated its reserves for Zone 531. Using a cutoff of 0.09 oz. gold per ton, a firm of ind…
FINANCING (March 29, 1993)
Subloo Intl Res. — 472,500 shs @ 38 cents per sh on a best efforts basis.
GOLD FUNDS (March 29, 1993)
BGR Central Net Value $9.02 $4.93 Price $7.63 $4.55 Discount 15.47% 7.7% Value $50,524,000 $76,550,565…
TORONTO STOCK EXCHANGE INDICES (March 29, 1993)
Mar.23 Mar.22 Mar.19 Mar.18 Mar.17 High Low Composite”300″3598.73 3583.74 3576.99 3559.29 3540.99 4009.47 3009.91 Metals&Minerals 2958.58 2966.92 2906.74 2898.06 2879.69 3453.06 2502.63 Integrated Min…
Lac de Gras diamond venture no pipe dream
The pace of exploration may seem deliberate, yet every day, slowly but surely, BHP Minerals Canada and Dia Met Minerals (TSE) are one step closer to a production decision. The goal, Canada’s first dia…
MSV, workers in tune at Chibougamau operation
The Copper Rand and Portage mines here were officially opened recently under the ownership of MSV Resources (ME) at a ceremony attended by business and government representatives. “This is a big day f…
NEWS IN BRIEF (March 29, 1993)
Vortex Energy & Minerals (VSE) has filed a preliminary prospectus for an offering of 1.5 million units worth 30 cents per unit. Each unit consists of one share and one warrant to buy one share exercis…
McKnight visits the United Kingdom
Federal Mines Minister William McKnight recently visited the United Kingdom to attract international investors to Canada. Activities included meeting chief executives from energy and mining companies …
`Corridor’ yields two more pipes
The discovery of two new kimberlite pipes in the Northwest Territories lends credence to the theory that a major north-northwesterly trend dubbed the “corridor of hope” is associated with kimberlitic …