On the Move (February 01, 1991)
Viola MacMillan is among nine new inductees to the Canadian Mining Hall of Fame. MacMillan, 88, was renowned as a mine-finder and financier and was instrumental in transforming the Prospectors & Devel…
News
Spot prices at a glance (January 28, 1991)
Week’s Price (US) Change Gold* $377.90 — $25.80 Silver* $3.98 — $0.24 Platinum*$403.50 — $20.50 Nickel** $3.81 + $0.03 Lead** $0.27 Copper- $1.05 — $0.01 Zinc $0.53 + $0.01 Courtesy of Scotiabank….
Golden Dragon, Glen Auden report assays
Partners Golden Dragon Resources (VSE) and Glen Auden Resources (TSE) have released more assays from their Beatty Twp. gold project under option to Noranda (TSE) in northern Ontario. Noranda Explorati…
Inco gold property open for option
Scominex, a Nova Scotian joint venture made up of Inco (TSE), government-owned Nova Scotia Resources and Husky Oil, is seeking a buyer for its gold property in the central Cape Breton Highlands, N.S. …
Inland mining at Toiyabe
After a brief winter shutdown, Inland Gold and Silver (NASDAQ) started mining operations at its Toiyabe project in central Nevada. The modest-sized heap leach operation is expected to produce about 6,…
U.S. REPORT Bunker Hill seeks Chapter 11 protection while filing
In a move to buy time from creditors, Bunker Hill Mining (TSE) has filed for protection under Chapter 11 of the U.S. Bankruptcy Code. Alan Richardson, president, said the company made the move as a re…
PEOPLE COMINCO AMERICAN RESOURCES
Bob Ruess appointed senior mining engineer.
Denison unable to redeem its shares
Toronto-based uranium producer Denison Mines (TSE) has announced that it doesn’t have enough cash to redeem any of its 7-million series B preferred shares on March 15. Bill James, appointed president …
NEWS IN BRIEF Millstream placement
Millstream Mines (COATS) has completed a private placement of 909,198 common shares at 20 cents per share. The company says proceeds of $181,839 will be used to pay off outstanding debts.
Corona sells interest in Wharf Resources
New Venture Equities and Corona Minerals, both units of Corona (TSE), say they have sold 1.32 million shares in Wharf Resources (TSE). In a filing with the U.S. Securities and Exchange Commission, the…
OBITUARY Edwin Warren
Edwin Warren, president of Assayers (Ont.) Ltd., died recently in Toronto. He was 73. Warren graduated from the University of Toronto in 1944 in chemistry and mineralogy. He worked for Alcan, both in …
Akiko-Lori proposes merger with Bradner
By merging with Bradner Resources (VSE), Akiko-Lori Gold Resources (VSE) hopes to gain control of a major interest in Gold Canyon Resources (VSE). Akiko-Lori is offering to acquire all the outstanding…