U.S. REPORT Pegasus to drill Washington bet
Precious metal producer Pegasus Gold (TSE) will complete several thousand feet of drilling on Eagle Lake Explorations’ (ASE) Kelly Hill gold skarn property in Washington, following a joint venture agr…
News
Name change for La Sarre
Shareholders of Societe d’Exploration Miniere La Sarre (ME) recently voted in favor of a share consolidation and a name change. The company said its shares will be consolidated on the basis of one new…
Cochise crews on site at Eastmain
Exploration crews have moved on site at Cochise Resources (ASE) copper property in the Eastmain River area of northern Quebec. Cochise plans to spend $550,000 to map and sample a mineralized granodior…
Yorbeau raises new financing
First closing of a private placement raised $400,000 for Yorbeau Resources (TSE), the company reported. The deal was intended to raise a maximum of $500,000 through the sale of up to 500 units. Each u…
VSE-listed stock could control Barrick-Newmont successor
General Oriental Investments (VSE), an investment firm controlled by Anglo-French financier Sir James Goldsmith, could emerge with the major share of the combined gold producing assets of Newmont Mini…
Cross Lake tests copper bet
By spending $23,200 on exploration, Cross Lake Minerals (VS a 50% interest in an early stage copper prospect from Trans Border E (VSE). The 80-claim unit is 50 miles northwest of Prince George, B.C….
Colomac going out on a high note
The Colomac mine of NorthWest Gold(Amex) in the Northwest Territories is scheduled for suspension with the last ore to be delivered to the mill July 3. Milling started in May, 1990, and 2.5 million to…
NEWS IN BRIEF Waterford explores Storie claims
Based on a recent agreement-in-principle with Tagish Resources, Waterford Resources (VSE) is planning to explore the Storie project in the Eskay Creek region north of Stewart, B.C. Waterford can earn …
U.S. REPORT Visible gold at Big Horn
A recent hole drilled by Centurion Gold (NASDAQ) on the Big Horn gold project returned a 27-ft. intersection grading 0.46 oz. gold per ton. Owned 100% by Centurion, the Big Horn property is in the Sa…
Brinco reports loss
Thermal coal producer Consolidated Brinco (TSE) reported a loss of $536,000 for the three months ended March 31, compared with a loss of $185,000 in the same period last year. The company owns and op…
LETTERS TO THE EDITOR New scholarship to honor Charlton
I would like to organize a scholarship honoring the late Freeder (Fred) Charlton for his time and devotion toward excellence in the field of education in the earth sciences. Charlton was a co-founder…
GOLD FUNDS (June 24, 1991)
BGR Central Net Value $8.97 $5.33 Price $7.75 $4.950 Discount 13.60% 7.1% Value $53,423,024 $83,280,285…