PEOPLE — GREGOR GOLDFIELDS (December 20, 1993)
Andy Boudreau, Robert Platt, Peter Stewart, John Wiebe, and Doug Wood elected directors.
News
PEOPLE — AMAX GOLD (December 20, 1993)
Milton Ward appointed president, chief executive officer, director and chairman; Gerald Malys appointed director.
Teck financing
Taking advantage of the recent surge in mining share prices, Teck (TSE) is selling 4.5 million B common shares at $23.25 each. The group of underwriters, led by Gordon Capital, Nesbitt Thomson and CF …
NEWS IN BRIEF (December 20, 1993)
Rattler Resource (RTA:VSE) and Reimer Resources (ROV:VSE) have almalgamated to form Kensington Resources (KRT:VSE). Rattler shareholders receive a share for a share and Reimer shareholders receive one…
Findore options three properties
Findore Minerals (CDN) has acquired three properties in the Shining Tree area of northeastern Ontario. To earn its 100% intereset, the junior must issue 100,000 common shares within 18 months and pay …
Granduc to acquire Farley Lake interest
Toronto-listed Granduc Mining has acquired Golden Band Resources’ (VSE) option to acquire Mingold Resources’ 44.8% interest in the Farley Lake joint venture. Purchase price: $500,000 payable in Grandu…
Nickel at 5%, platinum at 11 grams — Falconbridge hits deep
Details are sketchy, but Falconbridge has confirmed reports of an exceptionally rich intersection at its Nickel Rim property, 10.5 km north of the Ontario town which serves as the company’s namesake. …
Canada likely to be world’s next diamond producer
There will be at least one new diamond mine in the Northwest Territories within the next five years. That was the prediction offered at a conference on exploration for diamonds, held recently at Queen…
Mountain Minerals opens zeolite mine
Producers of industrial minerals have a tough row to hoe. Besides exploring for deposits, many are forced to search out new markets for their products. Privately owned Mountain Minerals exemplifies th…
NEWS ROUNDUP — BHP options Robber’s Roost
Excellon Resources (VSE) and MVP Capital (TSE) have granted BHP Minerals the right to earn up to a 70% interest in their joint property in Arizona. To earn an initial 60% stake in the Robber’s Roost p…
NEWS ROUNDUP — Orco sample yields revenue
A bulk sample from the Donalda gold property near Rouyn-Noranda, Que., has yielded 4,300 oz. and gross revenue of $2.1 million. Orco Resources (ME) says 19,147 tonnes were milled in a flotation circui…
Goldex shareholders approve merger
Shareholders of Goldex Mines (TSE) have approved an amalgamation with a wholly owned subsidiary of Agnico-Eagle Mines (TSE). Agnico, which already owns 53.7% of Goldex, will acquire the remaining 46.3…