Noranda hits zinc near Timmins
The exploration division of Noranda (TSE) has encountered additional base metal mineralization at the Fox-Stimson property near Timmins, Ont. Property vendor Cross Lake Minerals (VSE) reports three ho…
1994
North American Metals may expand mill
Drilling on the Kodiak zone at the Golden Bear property in northwestern British Columbia continues to return gold values. Indeed, work to date has prompted North American Metals (VSE) to consider expa…
Research firms joining forces
Two research companies on opposite sides of the Atlantic have joined forces. Resource Strategies of Pennsylvania and Metals & Minerals Research Services of the United Kingdom entered a production and …
TSE Short Positions (March 14, 1994)
Semi-monthly reports as of Feb 15, 1994 showed 68,492,494 shares of 808 issues compared with 89,182,749 shares of 825 issues on Jan 31, 1994. Larger individual positions included: Aber 202,000, up 52,…
Gold Funds (March 14, 1994)
Gold Funds as of Mar. 9 BGR Central Net Value $16.77 $6.63 Price $13.75 $7.250 Premium 9.4% Discount 17.98% Value $136,159,000 $131,219,925…
Hecla, Equinox merger approved
Shareholders of Equinox Resources (TSE) have voted overwhelmingly in favor of merging with Hecla Mining (NYSE). Holders of Equinox common shares, options and warrants will receive 6.3 million Hecla co…
Manic awaits court decision
A lawsuit filed by a Cree band against Mineraux Manic has yet to be resolved. Some of the company’s assets were seized last year as a result of the litigation. Manic’s shares ceased trading on the Mon…
Con. Nevada options Springs
Consolidated Nevada Goldfields (NASDAQ) has a 1-year option to buy the Springs gold property in north-central South Carolina. The vendor is Brewer Gold. The concession is 1 mile west of the Haile mine…
State permits for Fort Knox
State permits for the Fort Knox gold project in central Alaska are in place and Amax Gold (NYSE) expects federal approval from the Corps of Engineers in the near future. The capital cost of Fort Knox …
Inter-Rock options Mother Lode
Toronto-based Inter-Rock Gold (ME) has been active in southern Nevada, acquiring a new property and completing a 40-hole program on its Secret Pass deposit. The new property, known as Mother Lode, is …
Reunion to develop Zimbabwe copper
A subsidiary of Caledonia Mining (TSE) plans to develop its Sanyati copper oxide project in Zimbabwe. Reunion Mining estimates the cost to be US$8.7 million. The news comes after the completion of a f…
NEWS ROUNDUP — Altai adds to Peruvian holdings
Toronto-based Altai Resources (TSE) has acquired two more gold properties in western Peru. The Rio Colorado covers 2,000 acres in Ferrenate province, north of Chimbote City. Selected grab samples retu…