Bre-X drops Arizona gold bet
Tough equity markets have forced Calgary- based Bre-X Minerals (ASE) to drop plans to earn a 55% interest in the United Western mine in Oatman, Ariz. Bre-X could have earned the interest from owner Su…
News
Amax earning Haile interest
A definitive option and earn-in agreement was signed by Amax Gold (NYSE) and Piedmont Mining (NASDAQ) which will allow an Amax subsidiary to earn an interest in Piedmont’s Haile gold property near Ker…
B.C. can correct harm done by parks decision
Once upon a time, many years ago in a place called British Columbia, when a prospector staked some claims, he knew that if he obeyed the rules and was lucky enough to discover an orebody, he could kee…
PEOPLE KOOTENAY KING RESOURCES
Darrell Curtis appointed a director succeeding Laurence Sookochoff who resigned.
Giant takes $48.5 million writedown
A $48.5-million writedown on the carrying value of its assets resulted in a massive loss for Giant Yellowknife Mines (TSE) last year. For the 12 months ended Dec. 31, the gold producer lost $51.2 mill…
Placer, Major General form joint venture for Yukon work
An agreement-in-principle between Placer Dome (TSE) and Major General Resources (VSE) will provide for the formation of a joint venture to explore an area of about 20,000 sq. km in north-central Yukon…
PEOPLE FLORIN RESOURCES
Philip Speyer appointed president succeeding Logan Anderson who resigned; William Timmins appointed director succeeding Harold Moll who resigned.
Intl. Larder shares
A total of 500,000 shares of International Larder Minerals (TSE) was recently acquired by River Oaks Gold in a private sale transaction. River Oaks, a private company, now owns 2.13 million shares or …
Glen Auden joins in Quebec venture with Cross Lake
Vancouver-based Glen Auden Resources (TSE) has formed a joint venture with Cross Lake Minerals (VSE) to explore two claim groups located in Casa Berardi and Estrees twps. in northwestern Quebec. The t…
Vananda drilling on Texada
Drilling at the little Billie mine on Texada Island, B.C., has returned a number of copper-gold skarn intersections. The property is owned by Vananda Gold (VSE) which is attempting to expand prelimina…
1991 program to establish grade at Frasergold
Establishing grade certainty in the open pit reserve potential of the Main zone on the Frasergold property will be an important mandate of the 1991 program planned by Eureka Resources (TSE) and a unit…
RTZ net earnings fall 6% in 1990
London-based RTZ Corp (NYSE) reported net earnings of US$908 million ($3.68 per share) last year, down only 6% from its 1989 net earnings of US$964 million ($4.14 per share). Group sales totalled US$9…