NEWS ROUNDUP — CanTung amalgamation approved
Shareholders of Canada Tungsten Mining, Canamax Resources and Minerex Resources approved an amalgamation plan at special meetings held recently in Toronto. With court approval also in hand, the compan…
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OBITUARY — Bruce Hurdle managed Cominco Potash
Renowned mining engineer Bruce Edgar Hurdle, who spent his entire career with Cominco Ltd. and its subsidiaries, died recently. He was 79. Born in Winnipeg, Hurdle grew up in Edmonton. Upon graduation…
Exall’s Roman purchases shares
The president of Exall Resources (TSE), Stephen Roman, recently increased his interest in the company to about 21.8% by way of a private placement. Roman bought 750,000 shares and received warrants en…
Arbor, Wealth projects returned
Several grassroots exploration prospects were returned to Wealth Resources (VSE) and Arbor Resources (VSE) after various joint venture partners failed to return significant mineralization from 1992 ex…
NEWS ROUNDUP — Adonos and Bellex amalgamating
The amalgamation of Adonos Resources (TSE) and Bellex Mining (VSE) has been approved by shareholders of both companies. The name of the amalgamated company, to be based in Vancouver, is ADEX Mining, a…
NEWS ROUNDUP — Chase hires a fiscal agent
A fiscal agency agreement was recently completed between First Marathon Securities and Chase Resource (VSE). Under the terms of the agreement, First Marathon will act as fiscal agent and financial adv…
INSIDER TRADING — Skyline director sells during rally
During the last week of November, when the shares of Skyline Gold (VSE) soared to $1.15 cents from 30 cents, director and majority shareholder Ronald Shon sold a small portion of his indirect holdings…
Mexico charts mineral deposits
A resource map, recently released by the Mexican government, re-charts the country’s mineral deposits, says the Mexican Investment Board. The fifth version since 1889, it is the first to have used sta…
American Bullion drops its option on fluorite property
Prompted by the British Columbia Ministry of Energy, Mines and Petroleum Resources’ failure to issue permits for an exploration drill program, American Bullion Minerals (VSE) dropped its option on the…
Avocet continues work at Penjom
Drilling and trenching are continuing at the Penjom gold property owned by Avocet Ventures (VSE) in Malaysia. The company reports that trenching extended the strike length of a previously identified g…
Ecstall acquires six new prospects
Six new massive sulphide prospects were acquired by Ecstall Mining (VSE) in the northern Kechika Trough of northeastern British Columbia. All six “sedex” massive sulphide properties are underlain by t…
Latest Tenby venture results fail to excite
The latest results from the Tenby diamond claims in the Northwest Territories were described by analysts as disappointing. But the analysts also stress that the exploration program is still in its ear…