News



Diamond search extends to Alberta

The search for diamonds has now expanded from Saskatchewan into Alberta, and evidence suggests the claim of 6,000 sq. km in northern Alberta belongs to Monopros, the Canadian arm of South Africa’s De …


Curragh, union far apart, Faro workers go on strike

Curragh Resources (TSE) Chairman Clifford Frame says he feels sorry for the families of 400 striking employees at the company’s lead-zinc operation at Faro, Y.T. But given the current state of metal p…


Coventant to merge with El Condor

Exploration budgets totalling about $2.5 million are being planned for a number of projects in British Columbia’s “Golden Triangle” held directly and indirectly by Goldbelt Mines (VSE). Goldbelt and a…


Covenant to merge with El Condor

An agreement in principle was reached between El Condor Resources (VSE) and Covenant Resources (VSE) for the merger of the two companies. The new company will issue one new share for each El Condor an…




Mining executives among top earners

A list of Canada’s best paid corporate executives in 1990 would include Chairman Donald Phillips of Inco (TSE) and President Anthony Petrina of Placer Dome (TSE). Information on executive salaries is …


Trillion invests in African mine

After completing a 12-hole drill program on Jena Mines’ gold property in Zimbabwe, Trillion Resources (ASE) has negotiated an agreement to earn a 50% equity interest in the African company by investin…


GOLD FUNDS (April 15, 1991)

Gold funds as of Apr. 9 BGR Central Net Value $9.01 $5.12 Price $7.88 $4.000 Discount 12.54% 10.2% Value $53,621,151 $77,391,780…


Maradona

Presently inactive Maradona Resources(CDN) plans to get out of the mining business and into residential real estate. The junior, which used to hold a gold prospect in the Batchewana River area near Sa…


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