Chase begins drilling on Taysan
Drilling is under way on the Taysan copper-gold project in the Philippine province of Batangas. Chase Resources (VSE) has an option to acquire a 59.9% interest in the project by making a cash payment …
News
Sikaman’s Goldenrae plant in Ghana set to produce
A new process plant for the Goldenrae gold mining project in Ghana, West Africa, is in operation, Sikaman Gold Resources (TSE) reports. The company says the contractor, IHC of Holland, is to complete …
Western Quebec raises $600,000
To increase working capital, Western Quebec Mines (TSE) has arranged a private placement with four investors for proceeds of $600,0000. The placement consists of 15-month promissory notes at 9% and 24…
Jennings bullish on Point Lake
Using figures released by BHP Minerals Canada and Dia Met Minerals (VSE), Christopher Jennings, president of SouthernEra Resources (TSE), estimates that the Point Lake kimberlite in the Northwest Terr…
Fiedmont plans reorganization
A special meeting of Fiedmont Resources’ (CDN) shareholders has been called for Nov. 2, in order to approve a reorganization of the company. Fiedmont will no longer be involved in mineral exploration….
Metalore banking on appeal of 1990 Brookbank decision
Almost two years after an Ontario court awarded the Brookbank gold property near Beardmore, Ont., to Ontex Resources (ASE), President George Chilian of Metalore Resources (TSE) says he is sure his sha…
FINANCING (October 05, 1992)
Spirit Res. Ltd. – 1,400,000 units @ $1.05 per unit. Each unit consists of 1 sh and 1 wt. 2 series `A’ wts. to purchase 1 sh.
GOLD FUNDS (October 05, 1992)
BGR Central Net Value $8.56 $5.20 Price $7.00 $4.95 Discount 18.22% 4.8% Value $50,372,000 $83,280,285…
Calcium carbonate deposit in Ontario interests Eastern
An agreement to acquire a calcium carbonate deposit near Tweed, Ont., has been negotiated by Eastern Stone Products (ASE). The company says sampling indicates a high degree of purity and brightness an…
NEWS ROUNDUP — Spirit Lake awards sampling contract
Mississauga mining contractor Extender Minerals has been awarded the bulk-sampling contract for Spirit Lake Explorations’ (ME) Edwards gold property near Wawa, Ont. The first phase of the 2-phase prog…
TORONTO STOCK EXCHANGE INDICES (October 05, 1992)
Sept.29 Sept.28 Sept.25 Sept.24 Sept.23 High Low Composite”300″3367.99 3385.49 3410.61 3404.36 3402.82 4009.47 3009.91 Metals&Minerals 2884.10 2895.67 2922.04 2914.57 2900.21 3453.06 2502.63 Integrate…
New TSE rules shut out juniors
The Toronto Stock Exchange may have shut the door on junior mining companies by tightening its listing requirements. Under the revised rules, all new companies must have a public float of $2 million, …