NEWS IN BRIEF (May 02, 1994)
Ruby Mountain Mines (RUB:VSE) has changed its name to Syrus Capital on a 1-new-for-3-old-share basis.
News
PEOPLE — AZCO MINING (May 02, 1994)
Alan Lindsay appointed chairman; Anthony Harvey appointed vice-chairman; David Beling appointed president and chief operating officer; and Edward Rose appointed chief financial officer.
NEWS ROUNDUP — Corner Bay options 3 properties
Toronto-listed Corner Bay Minerals has optioned three properties comprising 367 hectares in Mexico’s Sonora state. In return, the junior must pay US$65,000 cash, with the vendor retaining a 2.5% net s…
ODDS’N’SODS — Surprise on a winter’s day
A few years ago, during one unforgettable December, I was under contract to a mining company to work on claims near the Madawaska River, east-northeast of Bancroft, Ont. As assistant to Ted, the consu…
Soquem funds drilling on Nelligan Twp. play
Quebec Crown corporation Soquem will fund 1,600 metres of drilling on a gold-diamond property in Nelligan Twp., Que. The 185-claim property, near Le Tac, is jointly held by Ressources Orient (ME) and …
Oasis and Soquem intersect gold
Project partners Consolidated Oasis Resources (ME) and Soquem have struck gold at the Fancamp property near Chibougamau, Que. A 4.5-metre (15 ft.) intersection from Hole 23 cut 18.73 grams gold per to…
STOCK MARKETS — Majors’ earnings exceed their expectations
Fueled primarily by higher corporate earnings, stocks on the TSE moved up sharply to end the week. Apparently, the earnings reported by many of the major corporations have far exceeded expectations. O…
Southwestern finds three zones in Peru
Junior Southwestern Gold (VSE) has outlined three new zones on three properties in southeastern Peru. At the Tapairihua property, 140 km southwest of Cuzco, a 500-metre-long skarn zone has been outlin…
Arizona Star expands Chilean holdings
By acquiring three properties next to the Aldebaran concession in Chile, Arizona Star Resource (VSE) will have an interest in more than 32,000 acres in the country’s Maricunga district. Arizona Star i…
Sanchez contract awarded to Davy
Sanchez Mining, a wholly owned subsidiary of AZCO Mining (TSE), will construct a $40.6-million processing plant in southeastern Arizona. The contract was awarded to Davy International, which has exper…
Claude posts profit from gold and oil
In 1993, Claude Resources (TSE) earned $4.5 million, or 45 cents a share, on revenues of $29.8 million. The company operates the Seabee gold mine north of La Ronge, Sask., which produced 57,000 oz. go…
NEWS ROUNDUP — New chapter for Canada Tungsten
New York-listed Cyprus Amax intends to select a buyer for its 48.3% controlling interest in Canada Tungsten (TSE), which is active in North and South America. The decision evolved from the merger of C…