Chetwynd buys interest in granite property
An agreement has been reached allowing Chetwynd Resources (CDN) to buy a 25% interest in privately owned Positano Granite Products. Positano holds seven claims near Sudbury, Ont., which contain a gran…
1993
Cominco Resources selling Lobo in Chile
Under an agreement to buy a half interest in the Lobo gold deposit and adjacent properties, Teck (TSE) has paid a deposit of US$1.6 million to Cominco Resources International (TSE). The properties, in…
High River sees African potential
Toronto-based High River Gold Mines (TSE) is turning some of its attention to Africa. The junior, which is developing a gold project in Manitoba, has signed a letter of intent with an unnamed private …
Tintina acquiring Yukon molybdenum property
Regulators have approved Tintina Mines’ (TSE) purchase of Amoco Canada Petroleum’s 50% interest in the Red Mountain molybdenum deposit. Tintina currently owns the other half. The deposit, 50 miles nor…
LAST BUT NOT LEAST — Eureka financing complete
Vancouver-listed Eureka Resources (VSE) has negotiated a private placement of slightly more than a million shares at 17 cents per share. The placement carried with it an option on an additional millio…
LAST BUT NOT LEAST — Queenston completes placement
Toronto-listed junior Queenston Mining (TSE) has completed a Euro Equity offering with European investors for 441,000 units at 85 cents per unit. The units consist of one share and one warrant; two wa…
LAST BUT NOT LEAST — Hemlo options Labrador trough gold
Toronto-listed Hemlo Gold Mines can earn a half interest in Virginia Gold Mines’ (ME) Sagar III property in the Labrador trough area of Quebec. To do so, Hemlo must spend $2.5 million on exploration a…
Viola MacMillan: 1903-1993 — Industry loses `queen bee’ of
A pioneer of the Canadian mining industry, Viola MacMillan, has died in Toronto. She was 90. A prospector who headed the Prospectors and Developers Association of Canada (PDAC) for 21 years until the …
NEWS IN BRIEF (September 06, 1993)
Braemont Resources (BMZ:VSE) has changed its name to Lumby Resources Corp. (LBY:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis.
LAST BUT NOT LEAST — Crystallex acquires more properties
A US$11-million acquisition is expected to almost double the land package held by Crystallex International (VSE) in northeastern Venezuela. The junior has signed an option agreement to acquire four co…
Bolivar Goldfields to spend $5-million
VSE-listed Consolidated Cassandra Resources plans to spend US$5 million exploring its new land package in Bolivar state, Venezuela. The company is expected to change its name to Bolivar Goldfields to …
NEWS ROUNDUP — Deak pours first Astoria brick
The first gold brick from the Astoria gold mine in northwestern Quebec was poured recently by Deak Resources (TSE). Ore from the Yorbeau project near Rouyn-Noranda, Que., is being trucked to Deak’s Vi…