World Wide pursuing Chinese exploration targets
In an effort to expand its exploration activities, World Wide Minerals (TSE) has struck a preliminary agreement with privately owned Taishan Gold. World Wide intends to buy Taishan from Toronto-based …
News
Pegasus suspends dividend
Spokane-based Pegasus Gold (TSE) has decided not to declare a year-end dividend. The company says that although it is financially strong, its resources are better deployed in new projects, minesite ex…
PRODUCER PRICES (December 26, 1994)
ALUMINUM: MW U.S. market US89.5 cents-90.5 per lb. (Dec. 9, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994). C…
Freewest reshuffle gets green light
A proposed reorganization of Freewest Resources (TSE) and its subsequent amalgamation with Hemlo Gold Mines (TSE) has been approved by Freewest’s shareholders. Effective Dec. 15, all of Freewest’s ass…
NEWS ROUNDUP — Tandem boosts holdings in NAR
Junior Tandem Resources (ME) has increased its interest in NAR Resources (ME) to 34.5% from 30.1%. Tandem subscribed for 120,000 shares of NAR, paying 50 cents per share, or $60,000 in aggregate. Afte…
NEWS IN BRIEF (December 26, 1994)
Wrightbar Mines (WRB:ME) has amalgamated with Charlim Explorations (CHO:VSE:ME) to form Lithos (LTS:ME). Wrightbar shareholders will receive one new for two old shares, and Charlim shareholders will r…
Summo boosts reserves
The resource estimate for the Lisbon Valley copper property in eastern Utah has doubled. mmo Minerals (VSE), which is acquiring the asset from a private owner, reports the new estimate as being 38.4 m…
Craibbe-Fletcher vote favors Placer
Minority shareholders of Craibbe-Fletcher Gold Mines (CDN) have voted 89.7% in favor of an amalgamation with a wholly owned subsidiary of Placer Dome (TSE). Placer controls Craibbe-Fletcher through it…
CaribGold accelerates Cuban exploration program
Positive results from initial area examinations have prompted Caribgold Resources (TSE) to intensify its gold exploration efforts in Cuba. In the Laura sector of the Camaguey property, diamond drillin…
Galleon options Chilean project
An option agreement with a private company will allow Pacific Galleon Mining (VSE) to acquire the Raq-Apolo project in Chile. Galleon made the deal, under which it is committed to expenditures until t…
Murgor discovery near Chibougamou
A stripping and trenching program near Chibougamau, Que., has uncovered a significant zone of gold mineralization. The work, carried out by Murgor Resources (VSE), revealed a 100-130-ft.-wide, gold-be…
PEOPLE — MAR-WEST
Simon Ridgway appointed president and Richard Clark appointed director.