1997


$14m financing for Geomaque

Toronto-based Geomaque Explorations (GEO-T) will raise $14 million, most of which will be used to acquire interests in Latin American projects.The company sold 4 million special warrants at $3.50 each…


Noront expands Ontario holdings

Toronto-based Noront Resources (NOT-V) has several new agreements in the offing.* The company has agreed to a 50-50 joint venture with private parties at its 195-claim base metal prospect in Hurdman t…


Lyon Lake encounters gold at Beta Vargas

In the latest round of drilling at the Beta Vargas concession in Costa Rica, Lyon Lake Mines (LLL-T) has intersected additional low-grade gold mineralization.Previous work outlined a deposit contained…


Cominco drill-tests Peruvian gold play

Drilling by the Peruvian subsidiary of Cominco (CLT-T) is aimed at outlining a large-tonnage gold deposit on the Minaspata property, 110 km southwest of the city of Cuzco.Results from the ongoing, 27-…


First Dynasty applies for rights

First Dynasty Mines (FDM-T) and its Indonesian partners have applied for exploration rights to 207,978 ha on the islands of Kalimantan and Java.Under the application, First Dynasty would effectively h…







TSE Short Positions (March 17, 1997)

Short positions outstanding at March 5, 1997Larger individual positions included: Barrick Gold 11,605,421, up 977,328; Agnico Eagle Mines 247,859; AJ Perron Gold 376,400; Amax Gold 156,670, up 76,600;…


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