Ontex placement falls through
Mr. Osama Eissa, who had agreed to subscribe to a private placement of up to 500,000 units of Ontex Resources (ASE) at $1.21 per unit, has failed to complete the placement. As a result, the agreement …
News
LATIN AMERICA SPECIAL — Bolivia is poised to benefit from
Having enjoyed more then 10 unbroken years of democratic government and offering some of the most favorable investment rules in Latin America, Bolivia looks increasingly promising to mineral investors…
EDITORIAL PAGE — Opening up the north
Times are a-changing for everyone. What used to be considered the frontier lands of northern Canada have today been, if not tamed, then slightly subdued by civilization. Political events both at home …
LATIN AMERICA SPECIAL — Panama boasts mining potential
Despite its massive copper potential, Panama’s first major mining operation may be gold. The country’s Cerro Colorado project is a major porphyry copper deposit. It is in the western part of the count…
Kookaburra proceeding with Chaucha testing
Metallurgical testing is proceeding on a 1,200-lb. sample of material from the Chaucha deposit. Kookaburra Resources (VSE) can earn a 50% interest in the Ecuador project from AG Armeno Resources (VSE)…
TSE SHORTS (March 15, 1993)
Semi-monthly reports, as of Feb. 28, showed 54,644,263 shares of 620 issues compared with 50,894,685 shares of 621 issues on Feb. 15. Larger individual positions included: Aber 61,200, up 30,500; Adex…
Treminco acquires option on greenstone belt claims
Vancouver-based Treminco Resources (TSE) has acquired 28 square miles of claims within the Yellowknife greenstone belt in the Northwest Territories through staking, transference of mineral rights and …
Hemlo Gold drill program planned for Kli Yul prospect
Based on last year’s exploration results, Hemlo Gold Mines (TSE) will drill five holes totalling between 1,640 and 2,460 ft. on the Kli Yul property, held 55% by Vital Pacific Resources (VSE) and 45% …
OBITUARY — Jack Satterly dedicated life to geology of
A respected contributor to geology, mineralogy and mining in Ontario, Jack Satterly died recently in Toronto. He was 86. Following his 32 years with the Ontario Department of Mines (ODM), which ended …
TORONTO STOCK EXCHANGE INDICES (March 15, 1993)
Mar.9 Mar.8 Mar.5 Mar.4 Mar.3 High Low Composite”300″ 3553.21 3551.04 3524.49 3501.29 3467.18 4009.47 3009.91 Metals&Minerals 2939.46 2895.99 2819.56 2815.09 2828.35 3453.06 2502.63 Integrated Mines30…
LATIN AMERICA SPECIAL — PROJECT ROUNDUP — Hillsborough
Exploration on the 280-sq.-km property in the historic El Oro gold camp, northwest of Mexico City, is under way by Hillsborough Resources (TSE) and Mexican joint-venture partner Luismin S.A. de C.V. T…
METAL PRICES — FREE MARKET (March 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 9 Mar. 8 Mar. 5 Mar. 4 Mar. 3 Copper 1492-1493 1478-1479 1474-1475 1463-1464 14…