1994

Tri Origin raising $3.7 million

A private placement of 1.2 million units of Tri Origin Exploration (TSE) is expected to raise $3.7 million. The proceeds will finance drilling on the Lewis Ponds project in New South Wales, Australia….


Trillion acquires Botswana licences

Ottawa-based Trillion Resources (TSE) has acquired 13 prospecting licences in southwestern Botswana. The area comprises 11,357 sq. km in the Kalahari district and can be explored for gold, base metals…


EDITORIAL PAGE — Left out in the cold

Last week’s agreement between the U.S. and Russia over uranium imports into the U.S. is a slap in the face to Canadian producers. It is also a violation of the Canada-U.S. Free Trade Agreement (FTA). …


MSV tests revolutionary profit-sharing plan

At $17.42 an hour, the average wage here for an underground miner is still well above that paid to industrial workers in Canada. But for the 290 unionized employees of MSV Resources (TSE), it represen…


NEWS ROUNDUP — Rayrock buys out Dee mine partners

Toronto-listed Rayrock Yellowknife Resources plans to increase its ownership in the Dee gold mine to 100% from the current 44% It will buy a 44% interest from Corona Gold, a wholly owned subsidiary of…


Golden News funds future work in Mexico

Junior Golden News Resources (VSE) has raised more than $11 million to buy Mexican-based Minera Sanex and prepare that company’s Luz del Cobre copper project for production. The junior raised the fund…


Cadre lands Venezuelan ground

In return for quarterly payments of US$50,000, to a total of US$200,000 plus 100,000 common shares, Cadre Resources (VSE) can acquire the Venezuelan property known as El Encanto. Situated in the Marwa…



Work continues on Wrightbar’s Quebec ground

Vancouver-listed Charlim Explorations has discovered two gold zones on the Bourlamaque Twp. property of Wrightbar Mines (ME). Charlim is earning a half interest in the gold property by paying Wrightba…


NEWS IN BRIEF (March 28, 1994)

Severide Resources (SVE:VSE) has changed its name to Severide Environmental Industries on a share-for-share basis. It is no longer involved in mining.


Gibraltar reviewing Mt. Polley

The next new mine in British Columbia could be the Mt. Polley copper-gold deposit in the central part of the province. A joint venture between Gibraltar Mines (TSE) and Imperial Metals (TSE) involves …


Kinross continues drilling at Hoyle Pond property

Definition drilling by Kinross Gold (TSE) is continuing on the 1060 zone at the Hoyle Pond mine, near Timmins, Ont. To date, 21 holes totaling 6,000 metres have been drilled on the new zone, which is …


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