Mimiska plans work program
An electromagnetic survey undertaken at the Pusticamica property in Mountain Twp. in northwestern Quebec identified three strong bedrock conductors, Societe Miniere Mimiska (ME) reported. The company …
1991
NEWS IN BRIEF Teeshin Resources Ltd.
Teeshin Resources Ltd. (TEE:VSE) has changed its name to Habsberg Resources Inc. (HAB:VSE) with a consolidation of capital on a 1-new-for-8-old-share basis. The transfer agent is Central Guaranty Trus…
Arimetco moves on warrant issue
An agreement to manage the exercising of the outstanding Series 1 warrants of Arimetco International (TSE) by Sept. 30 has been entered into with securities firm Midland Walwyn, the company reported. …
Corrections (May 20, 1991)
The Refugio gold project owned 50% by Bema Gold (TSE) in Chile is located at an elevation of 14,500 ft. rather than at the altitude as previously reported (T.N.M., April 15/91, April 29/91).
Falconbridge Gold minority holders to vote June 3
Minority shareholders of Falconbridge Gold (TSE) will vote June 3 at the annual meeting in Toronto on a resolution approving the purchase of the African gold assets of its controlling shareholder, nic…
Teck completes private placement
A private placement agreement between Teck (TSE) and Prime Equities (VSE) was recently completed with the sale of four million Prime shares at a price of $1.25 per share. Along with the private place…
Lyon Lake, Mattabi to close May 22
The Mattabi mill and Lyon Lake underground mine, part of the Sturgeon Lake mining camp of northwestern Ontario, will close on May 22, reports Noranda Minerals, a unit of Noranda (TSE). About 25 of th…
How Quebec is facing environmental issues
Like most governments, Quebec has been facing a budget deficit problem for several years. Consequently, it hesitates to give real money to its Environment Department, even if pressure groups and the…
Toronto Stock Exchange Billiton emerges as favorite to take over
While stalled interest rates kept share prices on an even keel during the week ended May 14, Billiton Minerals was being widely tipped to take over Quebec polymetallic miner Audrey Resources. Audrey P…
Chutine, Barrick drill Mexico bet
Partners Chutine Resources (TSE) and American Barrick Resources (TSE) have begun drilling on a Mexican gold property that adjoins a heap leach gold producer operated by Phelps Dodge (NYSE) and affilia…
Polcap signs agreements with Polish zinc producer
A private Montreal venture-capital company, Polcap Investments, has signed agreements with zinc producer ZGH Boleslaw Mines of Poland to act as financial, managerial and technical adviser. In announci…
PEOPLE BENTON RESOURCES
John Erickson appointed director.