Vera Cruz financing cancelled
Junior exploration company Vera Cruz Minerals (VSE) reported in early July that a previously announced brokered private placement with Haywood Securities had been cancelled. The placement was for 400,…
News
PROFILE (July 29, 1991)
During the Second World War, a graduate from McGill University discovered a diamond mine in East Africa where he was based. News about the man’s fortune prompted many students at McGill, including Wil…
Mining contractors form association
Concerned about their image in the mining industry and that of the mining industry itself, Canadian mining contractors have established an association. The Canadian Mining Contractors Association (CMC…
NEWS IN BRIEF (July 29, 1991)
Massif Minerals Corp. (MSF:VSE) has changed its name to World Wide Oil & Gas Inc. The new company has no further interest in mineral mining.
EDITORIAL PAGE (July 29, 1991)
In Watson Lake, Yukon, mining is not the dirty word it seems to be in some of the more isolated ivory towers of this country. The community of 1,800 is happy to be the base for a new lead-zinc mine ex…
Redfern placement with Comstate
Vancouver-based Redfern Resources (TSE) has agreed, subject to regulatory approval, to issue 26,316 shares at $3.80 each to Calgary exploration company Comstate Resources (TSE). Redfern said it expect…
LETTERS TO THE EDITOR (July 29, 1991)
As argued by Mort Brown (T.N.M., July 15/91), democracy certainly needs to be redefined. I think wistfully of the days when politicians were concerned about people and not their own pockets. There hav…
Nerco employee wins award
An employee of the Nerco Con mine was recently awarded US$5,000 by a unit of Nerco (NYSE) for his efforts in developing pressure oxidation methods for gold extraction and toxic waste treatment at the …
Iskut area roadcut reveals ore-grade massive sulphides
Project operator Adrian Resources (VSE) is reporting the discovery of massive sulphide mineralization on the Sky Creek property in the Iskut River region of northwestern British Columbia. Adrian can e…
Gold Funds (July 29, 1991)
BGR Central Net Value $9.63 $5.37 Price $8.38 $5.000 Discount 13.02% 6.9% Value $57,329,720 $84,121,500…
U.S. REPORT (July 29, 1991)
Acting upon the advice of its financial advisers, Fairbanks Gold (VSE) has entered exclusive negotiations with an unnamed major mining company for the purchase of all Fairbanks’ issued shares. Fairban…
PEOPLE (July 29, 1991)
William Meyer appointed director.