OSC rules against Albino
The Ontario Securities Commission (OSC) ruled recently that George Albino, the former president of Toronto-based Rio Algom (TSE), unfairly used insider information to make a $52,000 profit from his st…
News
Vancouver Stock Exchange Eurus and Thios continue to climb
The Vancouver market followed eastern markets for the week ended Feb. 5, staging a heathy rebound. The Vancouver composite index jumped 13.26 points to finish at 511.49 while the resource index added …
Flag drilling at Rathbun Lake bet
Calgary based Flag Resources (ASE) is planning to drill a 2,000 ft. deep vertical hole to probe for base metals on its Rathbun Lake property in the Wanipitei Lake area of northern Ontario. The claims …
Barrick boosts earnings, gold production in 1990
The average gold price may have fallen last year by 12% from 1988 levels, but Torontobased producer American Barrick Resources (TSE) just keeps on churning out record profits. Thanks largely to the co…
INSIDER TRADING Noranda sells part of Kerr
While senior executives at Noranda (TSE) continue to position the company to cope with the economic recession, Toronto-based Noranda was recently selling a portion of its position in Kerr Addison Mine…
Judge dismisses Barrick action
A New York supreme court judge recently dismissed American Barrick Resources’ (TSE) bid to sue Gold Standard (NASDAQ) for alleged defamation in relation to an ownership dispute over the Mercur gold mi…
Westfield ups Northgate stake
Toronto-based holding company Westfield Minerals (TSE) recently increased its stake in Northgate Exploration (TSE) to about 15% from 10%. Having recently purchased 1.4 million common shares of Northga…
Letters to the editor In defence of engineers
It is disheartening to learn that some people have such a poor impression of the abilities and attitudes of professional engineers. Canadian mining engineers have developed innovative mining technique…
Murgold consolidates stock, changes name
Murgold Resources (TSE) has consolidated its stock on a 1-for-10 basis and changed its name to Arimathaea Resources (TSE). The company has also completed a private placement of four million units for …
OSC rules out Westfield hearing
A group of Westfield Minerals (TSE) minority shareholders are examining their options now that the Ontario Securities Commission (OSC) has elected not to conduct a hearing into the 1989 sale of Westfi…
Freewest gold discovery ignites a staking rush
A new gold discovery by Freewest Resources (TSE) on its 100% owned Benoit Twp. property in northern Quebec has buoyed the company’s stock and touched off a staking rush. Shares of Freewest rose to a h…
Massive sulphide target drilled on Rock & Roll
Partners Eurus Resource (VSE) and Thios Resources (VSE) have started a $1.5-million program to further evaluate polymetallic volcanogenic massive sulphide mineralization discovered on the Rock& Roll p…