PEOPLE — CLAIMSTAKER RESOURCES
Alan Savage appointed vice-president.
News
PEOPLE — MK GOLD COMPANY
Steven Chi appointed president.
Inco options Wilanour’s Red Lake play
Nickel giant Inco (TSE) can earn a 50% interest in four of Wilanour Resources’ (TSE) properties near Red Lake, Ont. Three of the properties — Wolf Bay, Slate Bay and Trout Bay — are base metal plays…
PEOPLE — GETCHELL RESOURCES (July 19, 1993)
Robert Jones appointed director.
Phelps options bet
New York-listed Phelps Dodge can earn a 51% interest in a suite of mining claims from Kookaburra Resources (VSE). The claims are next to Kookaburra’s Longshot Ridge copper oxide project, near Hawthorn…
STOCK MARKETS — VSE gives up ground as gold price takes
Responding to an inquiry into the Vancouver Stock Exchange by the British Columbia government, the B.C. Securities Commission has proposed amendments to the Securities Act. The amendments include the …
NEWS ROUNDUP — Thunderwood, First Cdn. in Ungava
Alberta-listed Tusk Resources has optioned its nickel-platinum prospect, in the Ungava region of northern Quebec, to Thunderwood Resources (TSE) and First Canadian Gold (CDN). Tusk will receive a cash…
NEWS IN BRIEF (July 19, 1993)
Greenstar Resources (GNS:VSE) has changed its name to Greenstar Telecommunication. There is no consolidation of capital. The transfer agent is Montreal Trust.
GOLD FUNDS (July 19, 1993)
BGR Central Net Value $14.09 $6.42 Price $13.50 $7.125 Discount 4.2% 11.0% Value $70,934,000 $128,957,513…
Metals sub-index off slightly in May
The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index declined in May for the fourth consecutive month. The index is almost at the depressed level of the mid-1980s. Econom…
Spot prices at a glance (July 19, 1993)
Week’s Price (US) Change Gold* $395.70 – $1.55 Silver* $ 5.10 – $0.07 Platinum* $407.35 – $1.40 Nickel** $ 2.31 – $0.03 Lead** $ 0.17 $0.00 Copper $ 0.86 – $0.02 Zinc $ 0.43 + $0.01 Courtesy of Scotia…
Russian gold mine — Cyprus to develop Russian bet
A joint venture formed by a unit of Cyprus Minerals (NYSE) and five Russian partners has won a bid to develop a gold mine in the Madagan region of far-eastern Russia. The advanced Kubaka mine project …