PEOPLE — MERLIN RESOURCES
Antal Markus appointed president and director.
News
Central Crude makes payment
Central Crude (TSE) has made an option payment of $175,000 to Storimin Exploration (ASE) and Tandem Resources (ME). The payment is part of an agreement among Central and the other two companies whereb…
Kensington funding
A private placement of 4.5 million special warrants will net Kensington Resources (VSE) about $3.1 million. The company will use the proceeds to explore its diamond prospects in Saskatchewan. Each spe…
Trying to balance mining and wildlife
As the debate over the reauthorization of the U.S. Endangered Species Act (ESA) intensifies, gold-mining companies, which have a big stake in the outcome, face a dilemma. While the industry supports t…
Federal panel approves Cameco mine
Production at Cameco’s (TSE) Eagle Point mine in Saskatchewan could begin as early as this summer, following approval from a federal environmental assessment panel. “All we’re waiting for now is feder…
PEOPLE — ENDURANCE MINERALS
Paul Carmichael appointed president and director; Richard Gliege and William McIver appointed directors.
PEOPLE — GLOBALTEX INDUSTRIES
R. Taylor appointed president; Orval Gillespie appointed chairman.
LETTER TO THE EDITOR — Uranium project decisions show
Just before Christmas last year, the Saskatchewan and federal governments jointly approved two important uranium development projects in northern Saskatchewan, the Dominique-Janine extension and a new…
Minera closes placement
Toronto-based Minera Rayrock (TSE) has closed its private placement of eight million special warrants at $2.50 per warrant. Proceeds of $20 million will be used partly to explore and develop the Bella…
U.S. Hall plans renovation work
The U.S. National Mining Hall of Fame and Museum plans to begin work soon on a US$788,000 renovation and new construction project. The Hall occupies a 3-storey Victorian schoolhouse in Leadville, Colo…
Western Quebec
A private placement of treasury shares will be used to redeem a promissory note of $600,000, in part to provide funds for further exploration of the McKenzie Break gold property in northwestern Quebec…
Three companies planning merger
Three Vancouver-listed juniors headed by Albert Applegath plan to merge this spring. The proposal calls for Tundra Gold Mines, Oneida Resources and Golden Pond Resources to form a new company, T.G.O. …