High River picks up Russian gold producer
Another Canadian company has found a ready market for its financing experience in the former Soviet Union. High River Gold (TSE) acquired 22.9% of Buryatzoloto, a Russian joint stock company with two …
News
Alta cuts high-grade at Olinghouse
In northern Nevada, Alta Gold (NASDAQ) has started its third phase of drilling on the Olinghouse gold project, where preliminary results have confirmed the presence of high-grade mineralization.The pr…
INMETCO opens reclamation plant
International Metals Reclamation Co. (INMETCO), a wholly owned subsidiary of Inco, has begun recovering cadmium metal from spent nickel-cadmium batteries in Ellwood City, Pa.The $5-million cadmium rec…
INSIDER TRADING — Cumberland Res. executives sold shares in November
Officers and directors of Cumberland Resource (VSE) took advantage of the rise in value of the company’s stock and sold shares in November, 1995.According to the Ontario Securities Commission’s OSC Bu…
Horsham issues debt convertible into Barrick shares
Horsham Corp., the largest single shareholder of Barrick Gold (TSE), will complete a 25-year, convertible debenture financing for gross proceeds of US$250 million.In addition, the company has granted …
Farallon satisfied with Minera Summit agreement
Ownership of the Mexican mineral concessions Campo Morado and La Alina, already under option to Farallon Resources (VSE), is being sought by Summex Mines (VSE).In October 1995, Farallon signed a deal …
Black Pearl set to drill Voisey A.
Once permits are in hand, Black Pearl Minerals (CDN) and Hebron Fjord Resources (ME) will drill their Voisey A property in Labrador.Hebron Fjord has a 60% undivided interest in Black Pearl’s propertie…
Namco recovers diamonds in Luderitz
Following an encouraging bulk-sampling project at Hottentots Bay, off the coast of Namibia, Namco (VSE) continues to experience good fortune. At Luderitz, 215 diamonds were recovered recently from a s…
NEWS IN BRIEF (January 22, 1996)
Jazzman Ventures (IJV:VSE) and Oro Belle Resources (ORS:VSE) have amalgamated. The new company name will remain Oro Belle Resources (ORS:VSE).
Meetings (January 22, 1996)
MEETINGSJan. 29, Cons. Redding Jan. 29, Vulcan Minerals Jan. 30, Excellon Jan. 30, Fenway Jan. 30, Sargon Jan. 30, Texas T Jan. 30, VenCan Gold Jan. 30, Wild River Jan. 31, Acadia Jan. 31, Aries Res. …
Waseco eyes Indonesian properties
Toronto-based junior Waseco Resources (CDN) has set its sights on the Tewah gold project in Kalimantan, Indonesia.The company is negotiating an option agreement that will allow it to earn an undivided…
COMMENTARY — Deep River wants waste facility
The citizens of Deep River, Ont., want to play host to Canada’s first low-level radioactive waste disposal facility. More than 70% of voters in a September, 1995, referendum were in favor of locating …