News

St. Genevieve drops option on Wrightbar property

Exploration results compiled by St. Genevieve Resources (TSE) before it dropped its option on the Wrightbar Mines (ME) property are being examined by a consulting geologist contracted by Aur Resources…


PEOPLE CHARLEMAGNE RESOURCES

Philip Yee appointed director and corporate secretary succeeding Richard Novia who resigned; Qui Sung Poon appointed director.




Pulse drilling Barb project

A field crew and diamond drill has been mobilized to the Barb property, a lead-zinc-silver project, 160 km north of Watson Lake, Yukon. Pulse Resources (VSE), a company associated with Prime Equities …


NEWS IN BRIEF Homestake helps out subsidiary

Homestake Mining (NYSE) has contributed an additional $675,000 to its 82.8% owned subsidiary North American Metals (VSE). Homestake has also agreed to defer North American’s remaining 1991 gold delive…


Latest Paymaster results mixed

The latest underground drilling at the Paymaster gold project near Timmins, Ont., has returned mixed results for partners American Reserve Mining (ME) and Placer Dome (TSE). Hole 6035 hit a short mine…


PEOPLE ESKAY GOLD

Kevin Nephin appointed president and director; Kenneth Shannon and John Millette appointed directors.



NEWS IN BRIEF Cameco offering closes successfully

An initial public offering by Cameco (TSE) has closed successfully, raising gross proceeds of $130 million for the uranium producer. About 60% of the 10.4-million share issue was bought by institution…


NEWS IN BRIEF Minorca extends downdip at Nicobi

Minorca Resources (VSE) has picked up the downdip extension of the A zone at the Nicobi Lake copper-nickel property in northern Quebec. Drilling 82 ft. north of hole 2, Minorca intersected strong mine…


FINANCING (July 22, 1991)

Southern Alberta Mining Company Ltd. — 2,000,000 shs offered @ 10 cents per sh. Tecnecon Gold Industries Inc. — 1,600,000 shs offered @ 10 cents per sh. Bradsue Resources Ltd. — 600,000 units consi…


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