Willingdon hits thin, rich zone at Kenora
A 2,216-ft. drilling program on Willingdon Resources’ (COATS) Sioux Narrows property near Kenora, Ont., has intersected the gold-bearing structure in all six holes. Results from the shallow, narrow zo…
News
INSIDER TRADING (February 25, 1991)
Two of Glamis Gold’s (TSE) senior executives recently took the opportunity to cash in on the company’s success. According to the Ontario Securities Commission’s OSC Bulletin, James Billingsley, Glamis…
Akiko-Lori drops bid for Bradner
Rather than pursue a hostil takeover, Akiko-Lori Gold Resources (VSE) has agreed to withdraw its recent offer to acquire Bradner Resources (VSE). Bradner’s board of directors refected Akiko-Lori’s pro…
Scintilore drops gold mine claim (February 25, 1991)
Private companies Orapro Resources and Shannon Oils are planning to conduct a joint exploration program to search for diamond-bearing kimberlites in western Manitoba and eastern Saskatchewan. Shaun Sp…
Corona chairman resigns
Ned Goodman has resigned as chairman of Corona (TSE) to concentrate on his merchant banking and investment counselling business. Taking his place is Norman Anderson, former president and chief executi…
Placer Dome, employee face charges over mine fatality
Vancouver-based Placer Dome (TSE) and a company employee are facing charges relating to a fatal accident that occurred last February at the Campbell Red Lake gold mine at Balmertown, Ont. The charges …
Montreal Exchange Hot Freewest find
Drilling of Freewest Resources’ Benoit Twp. property near Miquelon in northwestern Quebec continued to return wide widths, the company reported. For the week ended Feb. 19, shares of the junior rose t…
Best output at Con in 50 years
The Con mine produced 117,116 oz. gold in 1990, establishing a new annual production record for the underground operation which has churned out gold for more than 50 years on the outskirts of Yellowkn…
Numac Listing
Numac Oil and Gas, an oil and gas producer in Western Canada that has a 15% interest in the developing Midwest uranium deposit in Saskatchewan, recently listed for trading on the Montreal Exchange.
Parklake purchase
Junior Parklake resources (TSE) reported an agreement to purchase, through a 70% owned subsidiary, most of the assets of the Steak Shop, a franchise chain of frozen bulk- packaged quality meats, poult…
Keevil named to Business Hall of Fame
The late Norman Bell Keevil has been named a member of the Canadian Business Hall of Fame. He and five other laureates will be inducted April 11 by Junior Achievement of Canada. Keevil, who died in la…
Noranda increases reserves at New World gold project
After incorporating all the data from the 1990 field season, a unit of Noranda (TSE) has released final preliminary reserve figures for the New World gold-silver-copper project near Cooke City, Mont. …