PEOPLE — BITECH (January 10, 1994)
James Clubb and Martin Hubble appointed directors; Brian Sutton appointed vice-president and chief financial officer.
News
Atlas hoping ’94 a turnaround year
After three years of continuous losses, Atlas (NYSE) has adopted a plan to lift itself out of the red in fiscal 1994. The turnaround strategy is being implemented by a new management team headed by St…
PEOPLE — BEAVER LAKE
C. Clark appointed executive vice-president and chief financial officer.
Review promised of Windy Craggy
British Columbias ombudsman has promised to review the process that led to the provincial governments decision to create a park in the northwestern area known as Haines Triangle. Last year, Premier Mi…
Cathedral Gold trenches gold
Further trenching on the Kaburi-Eldorado project in Guyana has returned more high-grade gold values. Cathedral Gold (TSE) is earning up to a 90% interest in the property which is 20 miles northwest of…
Expectations run high for Kilometre 88
Hopes are high for companies active in Venezuela, particularly those with ground in the Kilometre 88 region on the eastern border of the country. Placer Dome (TSE) sparked a rush in the area in late 1…
1993 A LOOK BACK — Precious metals rise, while base metals
Although gold saw its share of ups and downs in 1993, the general upward trend in the price has helped many small producers return to near-profitable levels. Unlike gold, base metal prices began the y…
Ontario orders Denison to post $100 million bond
Already teetering on the verge of bankruptcy, Denison Mines (TSE) has been pushed even closer to the edge after being served two orders by the Ontario government to clean up its former uranium mining …
New Canamin plans 1994 program
A drill program is scheduled for early 1994 at the Huckleberry property near Kemano, B.C. New Canamin Resources (VSE), which owns the property, subject to a 60% back-in right held by Kennecott, plans …
Silver Eagle vends Carlin ground
An agreement with Silver Eagle Resources (VSE) gives Asarco (NYSE) an option to earn a 75% interest in the High Dollar property in the Carlin Trend of Eureka Cty., Nev. Silver Eagle describes the 840-…
EDITORIAL PAGE — Strapped for cash
As if Denison Mines werent up to its eyeballs in alligators already, the provincial governments in Ontario and Saskatchewan have unleashed a few more of the critters on the hapless company. The Ontari…
Correction (January 03, 1994)
Contrary to reports published in the Vancouver Stock Market column of Dec. 20, 1993, the 47 million tons of mineralization reported by Hycroft from its Brimstone exploration program is additional to t…