NEWS IN BRIEF (October 22, 1990)
Captain Consolidated Resources Ltd. (CTC:VSE) has changed its name to International Captain Industries Corp. (ICI: VSE) on a 1-new-for-5-old-share basis. Transfer agent is Montreal Trust.
News
Sikaman begins gold production in Ghana
The Goldenrae alluvial gold mine in Ghana, West Africa, has entered into production, two weeks behind schedule but 10% below budget. At operating costs of below US$130 per oz., part-owner Sikaman Gold…
Seine, new partner acquire Lincoln project in California
By taking on a joint venture partner, Seine River Resources (VSE) was able to complete the US$5 million acquisition of a California gold project which it hopes to develop into a 500-ton-per-day produc…
Partners buy out Owyhee syndicate
Partners Silver Standard Resources (VSE) and Carlin Resources (VSE) recently acquired Pine Bell Mines’ 15% interest in the Owyhee syndicate for $130,000. The syndicate has a 5% net smelter royalty int…
N.B. reviews its mineral resources
The 15th annual review of activities will be held by the New Brunswick Department of Natural Resources and Energy Mineral Resources (NBDNR), Nov. 13-14, at the Fredericton Inn, Fredericton, N.B. As pa…
Hanson would sell stake in Newmont
The controlling shareholder of Newmont Mining (NYSE) is negotiating to dispose of its 49% interest in the Denver-based mining company and buy into a lumber company. Hanson of London would sell most of…
New joint venture for Pay Dirt
A proposed joint venture agreement is setting the stage for Pacific Century Explorations (VSE) to take on a partner for continued exploration of the Pay Dirt property in northwestern British Columbia….
Metals and Human Health: What Business Are We IN?
If you ask the chief executive of a large Canadian mining company what business he is in, he is likely to give you a funny look before replying, “Why, the mining business, of course.” If you ask him t…
LAC expecting 75,000 oz from Bousquet No 2
LAC Minerals (TSE) says gold output from its new Bousquet No. 2 mine near the town of Malartic in northwestern Quebec will reach its planned target of 75,000 oz. this year. Situated less than a mile a…
White Plains unable to exercise option on wollastonite bet
White Plains Resources (VSE) has failed to exercise an option to purchase from Sikaman Gold Resources (TSE) a 75% interest in the Gilbert wollastonite property in Nevada. The option deadline was Oct. …
Roasting Goodman for a good cause
Ned Goodman got off easy as the butt of a recent charity “roast” that might better be described as a tribute to the chairman of Dundee Capital and the driving force behind Corona Corp. for the past ha…
Minnova options Fireweed property
A work program by Minnova (TSE) is slated to begin shortly on the Fireweed property near Smithers, B.C. The company has the right to earn a 70% interest in the polymetallic (gold-silver-lead-zinc-copp…