Echo Bay granted Alaskan permit
Clearing its first major hurdle in Alaska, Echo Bay Mines (TSE) has received a permit from the city of Juneau to proceed with development of the A-J mine, Chairman Robert Calman told shareholders at t…
News
GOLD FUNDS (June 14, 1993)
Gold Funds as of Jun 8 BGR Central Net Value $12.40 $5.83 Price $11.25 $6.375 Discount 9.27% 9.3% Value $69,461,000 $115,383,038…
NEWS IN BRIEF (June 14, 1993)
Ilm Resources Ltd. (ILM:VSE) has changed its transfer agent to Pacific Corporate Trust.
LAST BUT NOT LEAST — Huntington exploring Brett claims
A work program managed by 50-50 partners Huntington Resources (VSE) and Liquid Gold Resources (VSE) is under way on the Brett claims near Vernon, B.C. Huntington has negotiated an arrangement to acqui…
Reed Lake sampling
Exploration is under way on two gold properties near Wawa, Ont., both of which belong to Reed Lake Exploration (ASE). At the Holdsworth property in Gorbiere Twp., northwest of Hawk Junction, work is b…
Adds fuel to assaying controversy — Gold values elusive at
A resource equivalent to 11 million oz. gold is bound to attract attention. And when word began circulating here that Mindoro Mining had a deposit estimated to be of this magnitude on its property in …
Pezim buys Prime
A recent agreement provides for Murray Pezim to buy 1.9 million shares of Prime Equities International (VSE) from Prime Resources Group (VSE) and Homestake Canada. Pezim will pay $3.64 million. The ac…
NEWS ROUNDUP — Republic announces Cuban deal
Toronto-based junior Republic Goldfields (VSE) in association with IMI Mineral Development, a geological consulting firm, has signed a letter of intent with the Cuban government to explore and develop…
NEWS ROUNDUP — Morrison Knudsen in Soviet venture
For the first time, a joint venture has been signed between the U.S. and a republic of the former Soviet Union. Morrison Knudsen (NYSE) has signed an agreement with the state-owned mining corporation …
Larder raises cash to purchase MCK
Toronto-listed International Larder Minerals has raised $2 million through the issue of 10 million shares at 20 cents each. Proceeds will be used to acquire a 49% interest in MCK Prospectors, which, i…
Sonora to acquire rest of Jamestown
Toronto-based Sonora Gold (TSE) has reached an agreement to acquire the remaining 30% interest in the Jamestown gold mine in Sonora, Calif., from a subsidiary of French conglomerate COGEMA. The purcha…
Court hears Teddy Bear application
The Ontario Court of Justice has heard the application by Teddy Bear Valley Mines (CDN) for a plan of arrangement under the Ontario Business Corporations Act. The plan seeks to: — reinstate the 430 s…