St. Genevieve nets $15 million in Louvem deal
St. Genevieve Resources (TSE) is currently considering its options after recently agreeing in principle to sell 4.35 million common shares of Societe Miniere Louvem (TSE)to Noranda (TSE) for $28.3 mil…
1991
Hunker Creek keeps the Goulds coming back
The annual Gold Show in Dawson City is over and John and Madeleine Gould are itching to return to the creeks. “We’ve (the family) been mining the same property since 1903,” John says, sitting in his h…
Sonora reports quarter loss
While gold recoveries at Sonora Gold’s (TSE) 70% owned Jamestown mine in California are expected to improve this year, the company continues to be dogged by low gold prices. Sonora recently reported …
Producers budget $75 million to promote gold
The World Gold Council, the Geneva-based association that promotes the yellow metal on behalf of member companies, couldn’t have picked a better week to hold its first institutional investment forum i…
Arimathaea hits new high on strength of new chairman
Hopes that Graham Lacey will be able to do for Arimathaea Resources (TSE) what he has done at Washington-based Nycal Corp. recently drove the price of Arimathaea shares to a new yearly high of $2. The…
NovaGold gains licence for recovery process
Following an agreement with the Canada Centre for Mineral Energy Technology (CANMET), NovaGold Resources (TSE) will acquire rights to a new base metal recovery process. The original technology, calle…
Mixed results from Northern Abitibi
A drill program completed on Northern Abitibi Mining’s (ASE) gold property in northwestern Quebec, under option to Inco (TSE) and Vior (ME), has returned mixed results. All six holes collared to test …
PEOPLE TYRANITE MINES
Ross McGroarty, Marilena Fuda and Suzanne McGroarty appointed directors.
Cambior drilling Aurizon property
Surface drilling at the Sleeping Giant mine property north of Amos, Que., has verified the apparent south extension of the previously mined A vein, Cambior (TSE) and Aurizon Mines (TSE) reported. Camb…
PEOPLE BONAVENTURE RESOURCES (June 17, 1991)
Dana Farrell appointed director.
Vananda reports reserve increase
Following a review of drilling results from a program completed earlier this year, Vananda Gold (VSE) has increased its estimate of preliminary reserves on the Little Billie mine to 195,000 tons gradi…
El Condor, Covenant drop plans to acquire St. Philips
Merger partners El Condor Resources (VSE) and Covenant Resources (VSE) have decided not to proceed with a previously announced intention to acquire St. Philips Resources (VSE). In early May the compan…