Chase amends option on Philippine company
An option to acquire a 59.9% interest in the Philippine company Taysan Copper has been amended to the benefit of Chase Resource (TSE). The amendment extends to May, 1997, the deadline for the final pu…
Articles by Northern Miner Staff
Pegasus growth tied to international plays
Growth in reserves and output is the name of the game in the gold mining business. Pegasus Gold (TSE) plans to achieve this growth by combining grassroots exploration with participation in advanced de…
Redfern funding
Though subject to regulatory approval, funds are now in place for further exploration of the Tulsequah Chief and Big Bull claims in northwestern British Columbia. Redfern Resources (TSE) has negotiate…
GeoNova options four properties
An option agreement with Homestake Canada gives GeoNova Exploration (VSE) the right to earn interests in four properties in northwestern Quebec. The junior may earn a 100% interest in each of the Noyo…
New TVX management pursuing acquisitions
Less than a year into its mandate, TVX Gold (TSE) is wasting no time as it pursues mining opportunities. At the annual meeting in Toronto, Chairman Eike Batista told shareholders and analysts that the…
Kingswood, Botswana amalgamate
Alberta-listed Kingswood Resources has amalgamated with Botswana Minerals, a privately owned Canadian company, to form Southern Africa Minerals. Under the merger, Kingswood shareholders will receive o…
INSIDER TRADING — Band-Ore directors exercise options to
Four directors of Band-Ore Resources (CDN) exercised options and sold shares in February. According to the Ontario Securities Commission’s OSC Bulletin, director Ronald McKeown exercised 50,000 option…
Canada Tungsten selling — Kremzar mine interest
Vancouver-based Canada Tungsten (TSE), together with its subsidiaries, is selling its interests in the Kremzar gold mine to Van Ollie Explorations (CDN) and three partners. The mine, 40 km northeast o…
McKenzie Break operation studied
The McKenzie Break gold project 35 km north of Val d’Or, Que., might lend itself to small-scale mining of 10,000-12,000 oz. per year. Western Quebec Mines (TSE) is evaluating the economies of such an …
Athena starts Talapoosa study
Junior Athena Gold (VSE) has retained an independent firm of engineering consultants to prepare a prefeasibility report on the Talapoosa gold-silver project in Nevada. Athena now owns all of Talapoosa…
GOLD FUNDS (May 16, 1994)
BGR Central Net Value $16.66 $6.65 Price $13.63 $7.375 Premium 10.9% Discount 18.20% Value $135,333,000 $133,482,338…
PEOPLE — WADDY LAKE
G. Lahusen, Glen Harper, James Devonshire, Robert Ingram and Donald Busby appointed directors.