Parlake options (December 17, 1990)
The shareholders of Parlake Resources (TSE) have approved a proposal to grant options to the president and one director of Parlake. Under the incentive program, the Parlake officers will hold options …
1990
FINANCING (December 17, 1990)
Dundee Resources Corp. — 1,800,000 shs offered @ 17 cents per sh. Sundance Resources Ltd. — 2,000,000 shs offered @ 27 cents per sh. Mountain Beaver Resources Ltd. — 2,700,000 units consisting of 1…
Editorial Setting aside funds for mine closure
When an orebody is depleted, mining companies have to ensure safe and complete mine closure, but that responsibility cannot be at such a cost that the mining operation itself becomes uneconomic. Miner…
AMC/NCA to improve communication skills
A national mining industry communications workshop will be held at the Westin-Tabor Center in Denver, Colo., March 5-7. The workshop is sponsored by The American Mining Congress and the National Coal …
Hislop bet yields mixed assays for Glimmer, Noranda
A mixture of high- and low-grade gold assays have been reported by partners Glimmer Resources (VSE) and Noranda (TSE) from recent follow-up drilling on their Beatty-Hislop joint venture near Matheson,…
Davidson purchase
An agreement to purchase the shares of private Ontario company Aurora Steel Services for $2.17 million has been concluded by Davidson Tisdale Mines (TSE), the mining company reports. Aurora manufactur…
Nooramex drilling Bunce gold project
A $500,000 drill program operated by Noramex Minerals (VSE) is now under way on the Bunce gold property in Pershing Cty., Nev. Funds for the reverse circulation drilling program were provided by Annab…
Hanson sells Newmont shares
Acquisition from Hanson PLC of London of a 42% interest in Newmont Mining (NYSE) for US$1.1 billion has been completed, General Oriental Investments of Grand Cayman Islands reports. At the same time, …
Crown’s Jewel potential up on newest gold results
The potential of Crown Resources’ (VSE) Crown Jewel gold property in northeastern Washington continues to increase as results from a program financed by Battle Mountain Gold (TSE) are released. Crown …
Viceroy completes share issue
An issue of 700,000 common shares was recently completed by Viceroy Resources (TSE) at $4.75 per share. Net proceeds from the issue were $3.025 million. Viceroy has received no appeals against the rec…
ERG ceases trading
The Ontario Securities Commission has issued a cease-trading order to ERG Resources (TSE) for failure to make statutory filings. A hearing will take place on Dec. 14. ERG, which owns a gold tailings r…
Golden Hope uncovers more high grade at Bellechasse gold bet
With a firm commitment from St. Genevieve Resources (TSE) to spend $2 million by Aug. 15, 1991, Golden Hope Resources (COATS) continues to uncover high-grade veins as it strips back overburden from th…