PEOPLE — FAITH MINES (April 18, 1994)
Larry McLean appointed director.
News
Prime Equities drops Johnson River project
Murray Pezim’s flagship, Prime Equities International (VSE), has decided not to earn an interest in the Johnson River gold project in the Cook Inlet region of Alaska. Earlier this year, the company an…
PEOPLE — CUMBERLAND RESOURCES (April 18, 1994)
Glen Dickson appointed president; William McCrindle appointed vice-president and John Greig appointed chairman.
PEOPLE — AGINCOURT EXPLORATIONS (April 18, 1994)
Murray Provost and Bruce Horner appointed directors.
LAST BUT NOT LEAST — Cyprus options Noble Peak bet
Cyprus Canada can earn a 60% interest in Noble Peak Resources’ (ASE) Southwin project in the Keewatin district of the Northwest Territories. Cyprus will pay $150,000 and spend $3 million on exploratio…
LAST BUT NOT LEAST — Keylock options N.W.T. gold play
Keylock Resources (ASE) intends to earn a half interest in the Gordon Lake gold property 100 km northeast of Yellowknife, N.W.T. To do so, the company will issue the vendor 200,000 common shares and s…
Focal options more land near Fort MacKay
Four separate agreements have been signed by Focal Resources (ASE), whereby the company can expand its land position in the Fort MacKay region in northeastern Alberta by about 1.15 million acres. Foca…
PRODUCER PRICE
ALUMINUM: MW U.S. market US63.00-64.00 cents per lb. (Mar. 31, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
Canada to stem gold sales from its Central Bank
The Canadian government’s policy of having the central bank of Canada sell off its gold reserves will be wound down, according to Finance Minister Paul Martin. “We have come to pretty near the end of …
American Gem acquires technology to treat sapphires
A deal has been signed allowing American Gem (TSE) to purchase Crystal Research, a private California company that was instrumental in developing a heat-treatment process for Montana sapphires. Sapphi…
NEWS ROUNDUP — New Canamin cements Huckleberry
The acquisition of an outstanding “back-in” right on the Huckleberry copper property near Kemano, B.C., gives New Canamin Resources (VSE) an unencumbered 100% interest in the project. Kennecott had th…
TSE SHORT POSITIONS (April 18, 1994)
Semi-monthly reports as of Mar 15, 1994 showed 66,772,111 shares of 827 issues compared with 66,403,366 shares of 806 issues on Feb 28, 1994. Larger individual positions included: Aber 240,800; Adrian…