Minnova identifies new gold targets
Minnova (TSE) plans to begin a 10-hole drill program next January on the company’s 9,500-acre claim group in the Rouyn-Noranda camp of northern Quebec. Golden Briar Mines (ME) retains a 10% cash flow …
News
COATS (over-the-counter) Manor makes waves
Newly formed Manor Resources burst on to the exchange this week, taking the volume lead with over 200,000 shares. Opening at $1, Manor picked up 18 cents during the week ended Nov. 20 to close at $1.1…
Pezim’s penalty: Will the VSE be able to survive?
The British Columbia Securities Commission (BCSC) is keeping the industry guessing as to what penalties, if any, will be handed out to Vancouver promoter Murray Pezim and two of his associates. Analys…
News In Brief (November 26, 1990)
Visible Gold Inc. (VIG:VSE) has changed its name to Lansing Enterprises Inc. (LEI:VSE) with a consolidation of capital on a 1- new-for-3-old-share basis. The transfer agent is National Trust.
Executive changes at Dickenson, Wharf
The chairman and chief executive officer of Dickenson Mines (TSE) and Wharf Resources (TSE) will become president of the two companies, Dec. 1. Robert McEwen, president of Goldcorp Investments, the co…
Corona income drops despite higher output
A substantial decline in interest, investment and other income led to a 19% drop in third-quarter earnings for Corona (TSE). Net income for the quarter was $12.3 million (6 cents per share) compared w…
U.S. REPORT BMR expects reserve expansion
As a US$5-million, 2-year exploration program gets under way at the American Mine gold project in San Bernardino Cty., Calif., BMR Gold (ASE) is confident that its new partner, Nerco (NYSE), will be a…
Correction (November 19, 1990)
Intersections from Windy Mountain Explorations’ (COATS) MacLeod Lake property near Chibougamau, Que., include a 75-metre length grading 0.4% copper and a 55-metre length grading 0.53% copper. Incorrec…
INSIDER TRADING M.I.M ups Granges interest to 34.2%
M.I.M Holdings (Canada), a unit of Australian mining company M.I.M Holdings, recently increased its stake in Granges (TSE) to approximately 34.2% from 32.5%. According to the Ontario Securities Commis…
Blue Falcon, Moapa option deal off
An option agreement between the partners of the Moapa Valley precious metals project in Nevada and Blue Falcon Mines will not proceed at this time, Micron Metals Canada (ASE), one of the Moapa partner…
MER to hold seminar
Quebec’s Ministry of Energy and Resources (MER) will hold a seminar on exploration, Nov. 21-22, at the Chateau Frontenac in Quebec City. This seminar will highlight the latest developments in explorat…
Rankin greenstone belt displays ingredients for major discovery
Canada’s second largest Archean greenstone belt, which stretches for nearly 370 miles westward from Rankin Inlet, N.W.T., remains grossly unexplored, says geologist Maureen Jensen, president of Noble …