Gold Commissioner rules on claims
British Columbia’s chief gold commissioner recently ordered that Eurus Resource (VSE) apply for abandonment and relocation of the PI and Delta claims within 30 days of the removal of the staking freez…
News
Hemlo to write down Central Crude
Hemlo Gold Mines (TSE) is considering taking a writedown on its investment in the Eagle River, Ont., gold joint venture with Central Crude (TSE), said President John Harvey at the company’s recent ann…
Glamis ups debenture issue to raise US$4 million more
The successful completion of a private placement of debentures by Glamis Gold (TSE) prompted the company to increase the size of the issue to US$12 million from a minimum of US$8 million. The placemen…
PEOPLE MOUNT ALLARD RESOURCES
Ed Gallagher appointed president and director; Frank Hogg and Avraham Elarar appointed directors.
Ontario celebrates Mining Week
The second annual Ontario Mining Week will be celebrated June 3-7 across the prov-ince in various communities through a variety of activities, including underground tours, career days, geological excu…
U.S. REPORT Payment keeps Crown in black
A final payment of US$5 million to Crown Resources (VSE) in January helped push the company’s 1991 first-quarter earnings to US$2.1 million. The results compare with earnings of US$3.3 million in the…
Debentureholders pursue Skukum
A debentureholders meeting will be held here in early June to pursue a number of allegations involving Skukum Gold (VSE) during a period when it operated the Skukum Creek gold project 55 miles southwe…
Westfield reports profit
While Westfield Minerals (TSE) recently reported a small first-quarter profit, it is suffering the effects of a decision made in 1989 to sell its mining assets to Northgate Exploration (TSE). Since th…
Centurion pulls gold values
Additional results were released by Centurion Gold (NASDAQ) from recent drilling on its 100% owned Big Horn gold property in southern California. Hole 91-5 intersected 15.1 ft. grading 0.36 oz. gold w…
Kingswood takes options on gold prospect
Kingswood Explorations (ASE) has acquired an option to earn a 100% interest in a gold property straddling Bryce, Truac and Robillard twps., 5.5 km north of Heather Lake, Ont. Based on recommendations…
Moving up the environmental spectrum
Endorsing the concept of sustainable development implies that a company will make a commitment to “develop management skills to a level comparable with those we use in economic management,” says the G…
Insider Trading (May 27, 1991)
Redfern Resources (TSE) Co-Chairman George Fink and director Murray Pyke recently demonstrated an astute sense of timing by selling part of their holdings in the Vancouver-based explorer. According to…