Heenan undergoes restructuring
After a rather drastic restructuring, Heenan Senlac Resources is making something of a comeback. Its shares were suspended from trading on The Toronto Stock Exchange in April, 1990, for failure to mee…
News
Gibraltar extends drilling program on North zone
Continued drilling success on the North zone has prompted Gibraltar Mines (TSE) to initiate an additional drilling program of 29 holes totalling 22,600 ft. Subject to extensive drilling since its disc…
TSE SHORT POSITIONS (October 05, 1992)
Semi-monthly reports as of September 15, showed 28,383,779 shares of 566 issues compared with 30,372,811 shares of 582 issues on August 31. Larger individual positions included: Aber Res. 72,300; Amer…
NEWS IN BRIEF (October 05, 1992)
Link Resources Inc. (LR:VSE) has changed its name to Haddington Resources Ltd. (HDD:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal Trust.
U.S. REPORT — Pegasus plans share issue
Western U.S. gold producer Pegasus Gold (TSE) recently reached an agreement with brokers Burns Fry, Nesbitt Thomson, Goldman Sachs and Bunting Warburg for a secondary issue of 3.25 million common shar…
Troy continues surface work, test milling at Menary prospect
Continued surface exploration and test milling of a 500-ton bulk sample is reported by Western Troy Capital (ASE). The company’s property is in Menary Twp. in northwestern Ontario. Examination of the …
U.S. REPORT — Shaft planning under way — Field work begins
Slated for initial production in late 1995 and full production the following year, American Barrick Resources’ (TSE) Meikle mine has moved beyond the study stage. Field work has begun. Rod Pye was app…
EDITORIAL PAGE — Squeezing securities dealers
Securities dealers, those orphan stockbrokers in Ontario that aren’t members of either The Toronto Stock Exchange or the Investment Dealers Association (IDA), have few friends these days. The Ontario …
Newmont Mining active at two Indonesian projects
Two prospects in Indonesia are showing promise for Newmont Mining (NYSE). One is the 80% owned Minahasa prospect on the island of Sulawesi. Preliminary reserves currently stand 13.5 million tons gradi…
Eden Roc subsidiary hikes gold output
Two gold pours totalling 1,547 oz. have recently been completed by Eden Roc Mineral’s (TSE) West African subsidiary Somiaf. This represents an increase of 75% over previous pours. The high-purity bull…
Yellowknife benefits from diamond rush
The exploration boom in the Northwest Territories is having a dramatic impact on select businesses in Yellowknife, but the capital city is not expected to enjoy any widespread economic fallout until m…
NEWS ROUNDUP — Westray inquiry costs near $1 million
Sixteen parties have been granted status before the commission established to investigate the Westray coal mine disaster in Nova Scotia earlier this year. The public inquiry, to begin its hearings Oct…