PEOPLE — GALLEON MINING
Victor Jung appointed director. N5…
News
Homestake seeking buyer for Golden Bear gold mine
In light of low gold prices, Homestake Mining (NYSE) has decided against financing expansion of the Golden Bear open pit in northwestern British Columbia. Expansion of the pit, operated by North Ameri…
QR permits close at hand
With environmental work largely complete, CMP Resources (ME) expects the British Columbia government will soon approve development of the QR gold deposit, 70 km southeast of Quesnel, B.C. CMP bought t…
COMMENTARY — Advances in mining equipment
Canada’s mining equipment industry has demonstrated that it is competitive worldwide. Most Canadian mines employ mature technology and acquire processes and equipment that have been developed and prov…
NEWS IN BRIEF (April 05, 1993)
Stormin Resources Inc. (SMR:VSE) has changed its name to Biocoll Medical Corp. with no consolidation of capital. The transfer agent is Pacific Corporate Trust.
Goldbelt seeks tailings funding
Despite political uncertainty in the former Soviet Union, Goldbelt Resources (VSE) expects to complete financing by the third quarter of 1993 for construction of a gold tailings project in Kazakhstan….
Dundee sells shares in Baja, Yorbeau
Toronto-based Dundee Bancorp (TSE) has sold its 12.1% interest in Baja Gold (TSE) and its 16.9% interest in Yorbeau Resources (ME) to 1021105 Ontario, a new natural resource company (T.N.M., Mar. 22/9…
INSIDER TRADING — Viceroy insiders offload stock
Insiders of Viceroy Resources (TSE) offloaded some of their holdings in February, when the stock was trading close to its 52-week high of $7. According the Ontario Securities Commission’s OSC Bulletin…
Union Gold gets Alberta listing
Toronto-based Union Mining (CDN) has changed its name to Union Gold and is now listed on the Alberta Stock Exchange. By optioning properties to third parties, the company intends to remain active in e…
Menora boosting stake in ODM
Menora Resources’ (ME) holdings in Cape Town-based Ocean Diamond Mining Holdings will increase by about 20% through a cash transaction. The transaction, at the agreement-in-principle stage, must be ap…
Pegasus plans third phase of program at Talapoosa
Gold miner Pegasus Gold (TSE) plans to enter phase three of work at the Talapoosa property in Lyon Cty., Nev. It is earning a 70% interest in Talapoosa from Athena Gold (VSE) by making payments totali…
Commission seeks Westray documents
The commission probing the fatal Westray mine explosion in Nova Scotia wants the federal government to release all documents pertaining to the mine. The commission warns it is prepared to take the mat…