NEWS IN BRIEF Teeshin Resources Ltd.
Teeshin Resources Ltd. (TEE:VSE) has changed its name to Habsberg Resources Inc. (HAB:VSE) with a consolidation of capital on a 1-new-for-8-old-share basis. The transfer agent is Central Guaranty Trus…
News
Arimetco moves on warrant issue
An agreement to manage the exercising of the outstanding Series 1 warrants of Arimetco International (TSE) by Sept. 30 has been entered into with securities firm Midland Walwyn, the company reported. …
Manor planning drill program
A 10-hole drilling program representing about 1,000 metres is set to get under way during the latter part of May at the Virginia gold property of Manor Resources (ASE) near Gander, Nfld. President W.A…
Government apathy, low prices led to drilling industry’s `collapse’
Contrary to our federal government’s assessment that “Canadian mineral exploration is still on its long-term secular trend,” the diamond drilling industry is in a state of collapse. Exploration expend…
LETTERS TO THE EDITOR Manitoba strategy
On the one hand, it is heartening to hear that the Filmon government is developing a sustainable development strategy for Manitoba’s mineral resources. On the other hand, it is disheartening to hear t…
PEOPLE MODULE RESOURCES (May 20, 1991)
Marshall Bertram appointed director and corporate secretary succeeding Edgar Fenwick who resigned.
PEOPLE COEUR D’ALENE MINES
Michael Tippett promoted to executive vice-president of CDE Chilean Mining.
Corrections (May 20, 1991)
The Refugio gold project owned 50% by Bema Gold (TSE) in Chile is located at an elevation of 14,500 ft. rather than at the altitude as previously reported (T.N.M., April 15/91, April 29/91).
Gaspe conference
The Gaspe Prospectors Association (L’Association des Prospecteurs Gaspesiens), in co-operation with the Quebec Ministry of Energy and Resources, will host a symposium June 12-14 on prospecting in the …
Echo Bay’s first-quarter profit reflects jump in gold output
Despite a drop in gold prices, a 12% increase in gold production helped Echo Bay Mines (TSE) return to a profitable position in the first quarter of 1991. The gold miner reported earnings of $4.4 mil…
U.S. REPORT Ridgeway produces 30% less
Gold production at the Ridgeway open pit mine in South Carolina fell by about 30% to 30,843 oz. during the 1991 first quarter from production levels a year earlier. Galactic Resources (TSE), which ho…
Unlisted Trading Cash for Sewell Brook
Following a joint venture agreement between Kennecott and NovaGold Resources, Costigan Gold, which closed unchanged at 35 cents, has agreed to revise its partnership with NovaGold. Costigan will excha…