Hendricks merging with Everdeen
Inactive Everdeen Resources has agreed to amalgamate with privately owned Hendricks Minerals of Canada. Before the amalgamation can take place, Hendricks must first obtain ownership of the issued and …
1994
$5.5 million alloted for Golden Bear
About $5.5 million will be spent on a 3-phase program to explore the Golden Bear property in northwestern British Columbia. The property is owned by North American Metals (VSE) which, in turn, is 81% …
ODDS’N’SODS — Prospecting, 1990s style (2)
The author concludes his story of his prospecting trip to northern Ontario last spring. Dusk was falling rapidly and it was starting to rain. I hastily carried my bags about 35 yards from the tracks i…
Rayrock increases minable reserves
Drilling at three Nevada gold mines has almost doubled minable reserves for Rayrock Yellowknife Resources (TSE). The estimate has increased to more than 1 million oz. from 593,000 oz. at year-end 1992…
Raymor raises project funding
Proceeds from a $250,000 private placement will be used for exploration and definition drilling of a La Motte Twp. lithium property northwest of Val d’Or, Que. Raymor Resources (ASE) says previous wor…
Armistice, Dynatec settle
Toronto-based Armistice Resources (ME) and its principal creditor have announced a settlement to their legal differences. Dynatec Mining, which was owed more than $2.1 million, will receive $450,000, …
Asia Minerals to evaluate polymetallic project in China
An agreement with Chinese officials allows Asia Minerals (ASE) to evaluate yet another polymetallic mineral project in the Asian country. During the past few years, the junior has evaluated several mi…
M.I.M. selling Granges stake
Australian-based M.I.M. Holdings has notified Granges (TSE) that it intends to sell all of its 12.7 million common shares of the company. The shares will be sold for not less than $4 per share, or on …
Nebex expands its exploration base
With an expanded gold and base metal property in New Brunswick and three gold concessions in the Northwest Territories, Nebex Resources (ASE) is preparing for a busy spring and summer. The company rec…
Stratmin to fund pilot mill project
Graphite producer Stratmin (ME) has completed a private placement of 1.7 million shares and an equal number of warrants. The warrants are exercisable for one year at 52 cents each. The placement raise…
Mexican mining industry to benefit from NAFTA
The creation of freer trade among Mexico, the U.S. and Canada will require that mining companies in the Latin American country become more efficient and productive, according to a study. In an analysi…
Gold bugs confident in metal’s fundamentals
Gold bugs have been watching, perhaps nervously, as the price of the yellow metal has drifted down. At presstime, it was trading in the US$380-per-oz. range, off from just below US$400 a few weeks ago…