Strong first quarter for Echo Bay
Improvements at two Nevada gold mines have helped Echo Bay (TSE) post exceptionally strong first-quarter results. The company produced a total of 253,218 oz. gold — a new record, up 31% from the prev…
News
MSV posts financial and drilling results
First-quarter results are encouraging for MSV Resources. The Montreal-listed company managed to crank out 12,970 oz. gold, almost 3 million lb. copper and almost 15,000 oz. silver. This led to earning…
LAST BUT NOT LEAST — Juniors cancel amalgamation plans
A proposed amalgamation of Gitennes Explorations (TSE) with two Vancouver-listed juniors, Kenrich Mining and Ambergate Explorations, will not proceed. Kenneth Trociuk, president of both Kenrich and Am…
Directors’ performance subject of TSE study
A draft report of The Toronto Stock Exchange’s Committee on Corporate Governance in Canada is aimed at improving the manner in which corporations are governed. Where Were the Directors?, as the report…
Bre-X gets more encouragement from pair of Indonesian
Exploration of the Taware Valley and Kupa prospects in Indonesia has returned encouraging results for Bre-X Minerals (TSE). The prospects are situated on Sangihe Island in the area known as North Sula…
NEWS ROUNDUP — Orvana begins survey at Butte Highland
An airborne survey is being flown over the Butte Highlands property in Montana in an effort to delineate magnetic and very-low-frequency features characteristic of gold skarn mineralization tested the…
Drilling enhances La Trinidad
Toronto-listed Eldorado continues to enhance the overall potential of La Trinidad, a joint venture in Mexico’s Sinaloa state. The junior is earning a 51% interest in the gold property from Almaden Res…
EDITORIAL PAGE — Investor interest in gold
During the past year, gold prices have been on the rise. After falling to US$326 per oz. in March, 1993, they have risen in what may prove to be the beginning of a major cyclical upward move, accordin…
NEWS ROUNDUP — La Teko advancing Alaskan projects
A subsidiary of La Teko Resources (VSE) plans to resume exploration and development of its Ryan Lode and True North projects near Fairbanks, Alaska. About 60,000 ft. of drilling is planned in an effor…
NEWS ROUNDUP — Ontex plans rights offering
To finance work at its Brookbank gold property near Beardmore, Ont., Ontex Resources (ASE) plans to make a rights offering. In so doing, the junior hopes to raise $835,000. Each Ontex shareholder will…
PEOPLE — MK GOLD
Terry Eller elected vice-president, secretary and general counsel.
PEOPLE — VENORO GOLD (May 23, 1994)
Rodney Duncan appointed director, president and chief executive officer; Michael Iannacone appointed director and chief financial officer; Jose Furnaguera Castellon, Robert Kendrick, Seven Kerr, Danie…