News



Shaft being deepened at Joe Mann

Deepening the No. 2 shaft at the Joe Mann gold-copper mine of Campbell Resources (TSE) southwest of Chibougamau, Que., to 2,700 ft. is under way. The shaft excavation and related work is expected to b…


NEWS IN BRIEF (May 25, 1992)

Beretta Resource Corp. (BTR:VSE) has changed its name to Optimark Data Systems Inc. with a consolidation of capital on a 1-new-for-1-old-share basis. The transfer agent is Montreal Trust.


GOLD FUNDS (May 25, 1992)

BGR Central Net Value $7.88 $5.07 Price $6.25 $4.60 Discount 20.73% 9.3% Value $46,939,000 $77,391,780…


Kingswood returns to Matheson area (May 25, 1992)

Kingswood Explorations (ASE) has resumed drilling on its 24-claim property near Matheson, Ont. The spring program will include definition drilling on the Thunder zone, which returned a 57.7-ft. interv…



Northern Crown looks to Mexico (May 25, 1992)

Gold and copper oxide targets are being actively sought by Northern Crown Mines (VSE) in Mexico, which the company believes is largely unexplored by modern techniques. At its Anita property in souther…


Cheni negotiates debt conversion (May 25, 1992)

To clean up its balance sheet, Cheni Gold Mines (TSE) recently reached an agreement with its major creditors for a conversion of most of its outstanding debt to equity. The company’s parent, Cheni S.A…




Sudbury wins environment award (May 25, 1992)

The municipality of Sudbury, Ont., is recognized for its efforts in reversing some of the environmental damage caused by more than a century of nickel mining, logging and natural erosion. Along with 2…


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