Teck completes private placement
A private placement agreement between Teck (TSE) and Prime Equities (VSE) was recently completed with the sale of four million Prime shares at a price of $1.25 per share. Along with the private place…
News
U.S. REPORT MinVen acquires balance of Stibnite
With the purchase of the other 50% interest in the Stibnite heap leach gold mine from Pegasus Gold Mines (TSE), MinVen Gold (TSE) now controls 100% of the open pit operation. Pegasus recently acquire…
U.S. REPORT LAC starts drill program on Blue Moon project
A first-stage, US$1 million exploration program is now in progress at the Blue Moon project in Mariposa Cty., Calif. LAC Minerals (TSE) recently finalized an option agreement with property owner, Co…
PEOPLE INTERNATIONAL MAHOGANY
Anton Hendriksz appointed chairman of the board succeeding Donald Busby who resigned.
PEOPLE GENTRY RESOURCES
Gerald Ross appointed chairman of the board and chief executive officer; Hugh Ross appointed president and chief financial officer; Kecha Panchmatia appointed secretary-treasurer.
Alberta Stock Exchange Tyranite mine sold
An agreement to sell their combined 40% interest in the Tyranite gold mine near Timmins, Ont., failed to spark the share price of either Gunnar Gold Mining or Mill City Mining in the week ended May 14…
LETTERS TO THE EDITOR Not all income is taken home
Regarding the article “Mining executives among best paid” (T.N.M., April 15/91), it is stated that sundry mining executives “took home” various substantial rewards. Are we to understand that these su…
Vancouver Stock Exchange El Condor making Kemess moves
The Vancouver composite and resource indices retreated during the period ended May 14. The resource index shed 3.37 points to finish at 530.87, while the composite index dropped 4.30 points to settle …
Overview Mandatory common core training for diamond drillers in
In September of 1988, The Canadian Diamond Drilling Association asked the Hard Rock Mining Committee to assist in the development of underground and surface modular training programs for diamond drill…
U.S. REPORT Positive study for Fairbanks on Fort Knox
The prefeasibility study on the Fort Knox property indicates the deposit can be mined profitably as a large scale open pit operation. The project is about 15 miles northeast of Fairbanks, Alaska, and …
VSM Exploration starts drilling
Summer exploration has commenced at a number of properties optioned by VSM Exploration (TSE) and its privately owned French partner Serem-Quebec in the Quevillon-Desmaraisville region of northwestern …
Denison workers given reprieve
Workers at the Elliot Lake mine of Denison Mines (TSE) in northern Ontario will not lose their jobs at the end of June. Denison reported reaching an agreement with Ontario Hydro, a major buyer of the …