PEOPLE — NEW BULLET
Stewart Behune, James MacIntyre and Jeffrey Lightfoot elected directors.
News
PEOPLE — MINESTAR
Daniel Lescamela appointed president and chief executive officer; Jon Stewart appointed chief operating officer; and J. McBride appointed director.
Verena Minerals intersects gold in Brazil
Toronto-based Verena Minerals (VMCO-C) has drilled several gold intersections on its Porto Nacional property in central Brazil’s Tocantins state.This first phase of drilling concentrated on areas prev…
Rea Gold to fund Bisset mine development
Rea Gold (REO-T) has raised nearly $17 million in equity financing to fund ongoing development at its Bisset gold mine, northeast of Winnipeg, Man.The private placement, which was arranged with RBC Do…
PEOPLE — MADISON ENTERPRISES (May 19, 1997)
Catherine McLeod-Seltzer and James Stewart appointed directors.
EDITORIAL AND OPINION — Better disclosure could have prevented fraud — The sting
Now that Strathcona Mineral Services has so stunningly discredited Bre-X Minerals and its Busang project, the fingers are pointing, and backs are being covered. We would do well to examine the logic o…
Pegasus posts first-quarter loss
Pegasus Gold (PGU-T) recorded a loss of US$15,000 for the recent first quarter, compared with a profit of US$13,000 for the same period in 1996.Hedging increased the company’s realized gold price to U…
PEOPLE — IRIANA
Piet Yap, Timothy Yap, Peter Guest, D. Johnson, Anton Bruinier and Ronald Shon elected directors.
LME Warehouse Levels (May 19, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at May 13/97 (change from previous week in brackets):Aluminium769,425(-23,200)Copper149,300(+375)Lead116,700(+2,750)Nickel50,80…
Virginia finds more gold at Grande Sud
Diamond drilling by Virginia Gold Mines (VIA-M) has identified four new gold-bearing structures on the Grande Sud property in northwestern Quebec.The company intersected zones 32, 35 and 37 while dril…
Drilling planned for Cabo’s Cuban gold-Copper play
Cabo Exploration Ventures (CVE-V) is preparing to drill the Trinidad concession in south-Central Cuba.The program will begin following geophysical work, now in progress, on the San Juan and Cortinas p…
COMMENTARY — Industry requires federal support
The author is president of The Mining Association of Canada. He has written the following article at the request of Keep Mining in Canada, a grassroots campaign designed to increase awareness of the i…