Spectrum changes
Spetrum Gold (ME) is proposing a consolidation and reclassification of its A shares on the basis of one common share for each two A shares outstanding, and a company name change. A $300,000 private pl…
News
Toronto Stock Exchange Market posts slight gain, interest rates
Aside from a slight drop in Canadian interest rates, the week ended May 21 offered little evidence that market conditions are about to improve. Gold and base metal stocks, which have been under pressu…
Newmont output down in quarter
Gold sales of 373,700 oz. were reported by Newmont Gold (NYSE) from its five mills during the first quarter of 1991, compared with 395,700 oz. during the same period last year. North America’s larges…
Vancouver Stock Exchange War Eagle up in quiet market
The Vancouver Stock Exchange’s resource index took a hit during the week ended May 21, dropping 12.2 points to finish at 505.14. The composite index followed suit, dropping a more modest 4.89 points t…
Alberta Stock Exchange Crew on site at AOK
Recently listed Takla Star Resources says a field crew is on site at the AOK copper-gold property, 50 miles north of Fort St. James, B.C. The Edmonton-based explorer, with the right to acquire 100% o…
WisCan files offering
Toronto-based WisCan Resources (TSE) said recently it has filed an exchange offering prospectus for the distribution of units to raise $1-2 million for its Wisconsin joint venture with Noranda (TSE). …
Ontario miners brace for new Act
Mine managers in Ontario, Canada’s largest mining province, will be exposed to stricter environmental regulations when amendments to the province’s mining act come into effect June 3, says a Toronto l…
Results encourage Cambior, Aurizon
Exploration drilling continues at the Sleeping Giant gold property of Aurizon Mines (TSE), north of Amos, Que., with six machines underground and one rig on surface, program operator Cambior Mines (TS…
NEWS IN BRIEF Nevada Goldfields
Nevada Goldfields (NGF:TSE) has changed its name to Consolidated Nevada Goldfields Corp. (KNV:TSE) with a 1-new-for-6-old-share consolidation. The transfer agent is Montreal Trust Co.
Adrian options Sky Creek claims
A recent agreement between Skyline Gold (TSE) and Adrian Resources (VSE) sets the stage for Adrian to acquire a 51% interest in the Sky Creek portion of Skyline’s Johnny Mountain property in northwest…
NEWS IN BRIEF Taseko Mines
Taseko Mines Ltd. (TKO: VSE) has changed its transfer agent to Montreal Trust Co.
Mimiska plans work program
An electromagnetic survey undertaken at the Pusticamica property in Mountain Twp. in northwestern Quebec identified three strong bedrock conductors, Societe Miniere Mimiska (ME) reported. The company …