PEOPLE — WILANOUR RESOURCES
Michael Werner appointed president and director.
1994
PEOPLE — MIDAS MINERALS
Charles McMillan appointed director and chairman; John McKimm appointed president, chief executive officer and director.
Spot prices at a glance (January 10, 1994)
Week’s Price (US) Change Gold* $394.00 + $8.35 Silver* $ 5.23 + $0.14 Platinum* $397.00 + $8.50 Nickel** $ 2.39 – $0.03 Lead** $ 0.21 – $0.01 Copper $ 0.79 – $0.03 Zinc $ 0.45 + $0.01 Courtesy of Scot…
Nuinsco completes financing deal
Under a new agreement, Nuinsco Resources (TSE) will reduce its working capital deficiency to $840,000 from $3.5 million. The company will sell 2.4 million treasury shares to Winoro, an investment comp…
NEWS ROUNDUP — Waddy excavates ramp at Komis
Waddy Lake Resources (TSE) continues to excavate a decline on the Komis gold project in northern Saskatchewan. The work will enable the company to extract a 10,000-tonne bulk sample from the A and C z…
Correction (January 10, 1994)
The 47 million tons of mineralization reported by Hycroft from its Brimstone exploration program are not additional to the 45 million tons contained in the Crofoot-Lewis mine in Nevada, as stated in o…
Rea options advanced project in eastern Nevada
Under an option agreement, Rea Gold (TSE) can acquire the Mount Hamilton gold project in eastern Nevada. Rea is completing a due diligence review which should be finished early in the first quarter. I…
Equinox, Hecla merger progresses
Equinox Resources (TSE) and Hecla Mining (NYSE) have agreed to amalgamate on the basis 0.3 Hecla shares for each share of Equinox tendered. Goepel Shields & Partners, Equinox’s financial advisers, fou…
TR Minerals to be reorganized
Alberta-listed TR Minerals is seeking shareholder approval to reorganize. Under the plan, TR would acquire the mineral assets of two private companies, consolidate shares, raise financing, delist from…
$11m. for Peruvian company — Cambior, Southwestern buy gold
Joint-venture partners Southwestern Gold (VSE) and Cambior (TSE) have reached a purchase agreement with the owners of Peruvian resource company Minera Paraccay. Minera Paraccay owns the Santa Rosa gol…
PEOPLE — MERLIN RESOURCES
Antal Markus appointed president and director.
Central Crude makes payment
Central Crude (TSE) has made an option payment of $175,000 to Storimin Exploration (ASE) and Tandem Resources (ME). The payment is part of an agreement among Central and the other two companies whereb…