Canmine options Golden Blue play
Junior Canmine Resources (CDN) has agreed to option up to half of the Golden Blue property near Bissett, Man. In return, the company must spend $200,000 over five years. A shaft was sunk in the late 1…
1993
FINANCING (November 08, 1993)
Ashton Mining of Canada — 10 million, each consisting of one sh and half a sh purchase wt @ $3 per unit.
Dolphin explorations
Shareholders of American Gem, a private Montana company, are set to become the majority shareholders of Dolphin Explorations (TSE). The reverse takeover would result in American Gem becoming a wholly …
Dewey drill program returns gold values
Drilling on the Dewey property in central Idaho has returned significant gold intersections, one such intercept as high as 0.097 oz. gold per ton across 195 ft. USMX (NASDAQ) optioned the property ear…
World Wide options Ecuadorian prospects
Toronto-listed World Wide Minerals (TSE) has acquired an option on six gold and base metal properties in Ecuador. Nestled in the Andes, the properties are underlain by structurally deformed volcanic r…
KEGS lecture
Phil Romig, professor and head of the geophysics department at the Colorado School of Mines, will deliver a talk titled “Environmental Geophysics: Fads or Future?” The lecture, hosted by the Canadian …
Similco shutdown caused by slump in red metal prices
The Similco copper mine in northwestern British Columbia is being forced to close, though owner Princeton Mining (TSE) describes the shutdown as temporary. The announcement came after Princeton was to…
Production milestone for McLaughlin mine
New York-listed Homestake Mining plans to celebrate the pouring of the two-millionth ounce of gold from the McLaughlin mine at Lower Lake, Calif. The milestone was set Oct. 15, and will be commemorate…
Rea reviews Bissett mining potential
With the gold market having picked up, Rea Gold (TSE) is assessing the former-producing Bissett property in Manitoba. Kilborn Western and Tonto Mining will assist in the pre-feasibility study, the foc…
Fairfield doubles production estimate
The Siwash North deposit is expected to produce 25,000 oz. gold in 1994, more than double the 12,000 oz. Fairfield Minerals (TSE) plans to recover from this year’s test mining. The bulk of these ounce…
Tintina buys rest of Yukon property
Tintina Mines has bought the remaining half interest in the Red Mountain molybdenum property from Amoco Canada Petroleum. The deposit, 50 miles northeast of Whitehorse, Y.T., is now wholly owned by th…
STOCK MARKETS — Trading volumes help VSE indexes gain
Despite a drop in bullion prices, the Vancouver Stock Exchange resource index climbed more than 31 points to close at 1,483.00 during the period ended Nov. 2. The composite index also gained ground, f…