Financing (March 01, 1993)
Breckenridge Res. Ltd. 1,000,000 units @ 65 cents per unit where each unit consists of 1 sh and 2 wts. 2 Series A wts to purchase 1 sh. Plus an over-allotment of 150,000 units @ 60.125 cents per unit….
News
Noranda, Soquem search for zinc
A minimum 2,000 ft. of drilling on the Leeds property near Thetford Mines, Que., will be conducted by Noranda Exploration and Soquem to test the shallow depth potential of zinc mineralization discover…
Chase drilling returns higher copper, gold grades at Taysan
The first two holes from the initial phase of drilling at the Taysan copper project in the Philippines returned higher copper and gold grades than averages quoted in previous reserve estimates. Chase …
EXPLORATION & DISCOVERY: CHRONIUM
Canada imports all of its chromium requirements, mostly as natural ores and concentrates, but also as ferrochromium. In the first nine months of 1992, imports of ores and concentrates fell by about 22…
Asarco closing Montana mine
About 300 employees will be affected by the temporary closure, planned for April, of the Troy silver-copper mine near Libby, Mont. Mine operator Asarco (NYSE) attributed the shutdown decision to persi…
Banner year for Centurion
Record revenues and earnings were reported by Centurion Mines (NASDAQ) for its 1992 fiscal year ended Sept. 30. The Utah-based junior noted that revenues increased 375% to US$834,851 over revenues of …
Nevada output of gold rises
Gold production in Nevada totalled 6.5 million oz. in 1992, up from 5.8 million oz. the previous year, the state’s department of minerals reports. Giving the state a major boost was the Goldstrike min…
Newfoundland makes changes to mineral exploration policy
Several changes in mineral exploration legislation were recently announced by the Newfoundland and Labrador government, including: — The term of the exploration licence is increased to 20 years from …
EXPLORATION & DISCOVERY: DIAMONDS SPARK EXPLORATION; Were it
In 1991, Canadian exploration expenditures totalled $532 million, down from $775 million in 1990. Senior companies spent $416 million and junior companies $116 million. Some 732 operators reported exp…
LATIN AMERICA ROUNDUP — Eldorado options Almaden prospects
A letter of intent has been signed with Almaden Resources (VSE) concerning two gold properties in the Mexican state of Sinaloa, Eldorado (VSE) reports. Eldorado has been granted an option to earn a 51…
WINSTON LAKE”S MODIFIED AVOCA: Minnova’s Winston Lake
The Winston Lake mine relies on a modified Avoca method for extraction. But that wasn’t the technique considered in the early planning stages. Back then, flatback mechanized cut-and-fill (MCF) was tho…
Toronto Stock Exchange Indices (March 01, 1993)
Feb.23 Feb.22 Feb.19 Feb.18 Feb.17 High Low Composite”300″3452.78 3447.67 3426.31 3409.42 3417.70 4009.47 3009.91 Metals&Minerals 2893.08 2907.29 2891.83 2889.78 2906.96 3453.06 2502.63 Integrated Min…