OSC to appeal penny stocks ruling
The Ontario Securities Commission (OSC) will appeal a judge’s ruling which struck down a policy aimed at controlling abuses in the sale of penny stocks. Justice Robert Blair of the general division of…
News
Viola MacMillan: 1903-1993 — Industry loses `queen bee’ of
A pioneer of the Canadian mining industry, Viola MacMillan, has died in Toronto. She was 90. A prospector who headed the Prospectors and Developers Association of Canada (PDAC) for 21 years until the …
NEWS IN BRIEF (September 06, 1993)
Braemont Resources (BMZ:VSE) has changed its name to Lumby Resources Corp. (LBY:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis.
Franco, Euro acquire Carlin royalty
By paying US$5 million, Franco-Nevada Mining (TSE) and Euro-Nevada Mining (TSE) have jointly acquired a 4-9% net smelter return on the Dee mine and 5,000 surrounding acres in northern Nevada. The roya…
Short courses precede meeting
Two short courses will precede the Nov. 3-5 meeting of the Alaska Miners Association (AMA) in Anchorage. Topics of the 2-day short courses, to take place Nov. 1 and 2, will be “Precious metal-bearing …
U.S. Hall of Fame to induct eight (September 06, 1993)
The National Mining Hall of Fame in the U.S. will induct eight new members at a Sept. 19 banquet in San Francisco, Calif. Conducting the induction ceremony will be Simon Strauss, chairman of the Hall’…
LAST BUT NOT LEAST — Crystallex acquires more properties
A US$11-million acquisition is expected to almost double the land package held by Crystallex International (VSE) in northeastern Venezuela. The junior has signed an option agreement to acquire four co…
STOCK MARKETS — Flatness of TSE reflects static bullion
Another quiet week for gold bullion prices — the spot price hovered for most of the week at about US$371 per oz. — was also reflected in a flat Toronto Stock Exchange gold and silver index. It ended…
Bolivar Goldfields to spend $5-million
VSE-listed Consolidated Cassandra Resources plans to spend US$5 million exploring its new land package in Bolivar state, Venezuela. The company is expected to change its name to Bolivar Goldfields to …
NEWS ROUNDUP — Deak pours first Astoria brick
The first gold brick from the Astoria gold mine in northwestern Quebec was poured recently by Deak Resources (TSE). Ore from the Yorbeau project near Rouyn-Noranda, Que., is being trucked to Deak’s Vi…
NEWS ROUNDUP — Eden Roc drills at Anuiri mine
By drilling on its gold project in Ivory Coast, Eden Roc Mineral (TSE) hopes to be able to confirm reserves and thereby triple production. Eden Roc has a 68% interest in Societe des Mines d’Afema, own…
NEWS ROUNDUP — Lyon Lake plans work program
Most of the proceeds of a rights issue will be used to pay for a feasibility study of the Beta Vargas gold concession in Costa Rica, Lyon Lake Mines (ME) reports. The rights issue, available only to Q…