A private placement will allow Societe Miniere Ecudor (ME) to increase to 35% its stake in the Dona Lake gold mine in northwestern Ontario. The $1-million debenture placement, which has yet to be appr…
Pending a review of exploration results for the past year on the Schell Ranch property, a U.S. subsidiary of Inco (TSE) is expected to resume drilling in early 1994. The property is in Calaveras Cty.,…
Parquet Resources (PQT:ME) has changed its name to Plexmar Resources (PLE:ME) on a 1-new-for-8-old-share basis.
The Con underground gold mine near Yellowknife, N.W.T., is set to undergo major exploration. Owner Miramar Mining (TSE) expects to complete more than 65,000 ft. of drilling in 1994, with initial work …
Bulk sampling, as well as more exploration and development, is planned for the Beaufor gold project 16 miles northeast of Val d’Or, Que. The bulk sampling, say 50-50 partners Louvem Mines (TSE) and Au…
By acquiring all outstanding shares of Ecuadorian resource company Square Valley, Startigan (ASE) has assumed ownership of two gold projects in the foothills of the Andes. The Gaby property, 85 miles …
Peat Resources (CDN), a company with plans for a peat fuel processing plant, says Ontario Hydro will participate in a formal review of the technical and economic aspects of Canada’s sustainable peat f…
Junior Montrose Gold Resources (CDN) has ended its option agreement with Falcon Point Resources (ASE). The agreement covered the Montrose Twp. gold property in northeastern Ontario. Montrose decided n…
Robert Kendrick and Rodney Duncan appointed directors.
Glenn Rochon appointed president.
James Clubb and Martin Hubble appointed directors; Brian Sutton appointed vice-president and chief financial officer.
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…
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