Major General drills Pickle Lake claims
Drilling is under way on three of Major General Resources’ (TSE) wholly owned properties near Pickle Lake, Ont. With a $300,000 budget in hand, Major General plans to test six separate targets before …
News
Newmont options Montana gold bet
A recent joint- venture agreement executed by a U.S. subsidiary of Mountain West Resources (VSE) will provide funds for continuing exploration of the Elkhorn gold project about 20 miles south of Helen…
U.S. REPORT Galactic likely to close Summitville mine
Low volumes of gold production and high mine operating costs were cited by Galactic Resources (TSE) as the reasons why it is unlikely to resume mining operations in 1991 at its wholly owned Summitvill…
NEWS IN BRIEF Mariner Exploration Inc. Mariner Explorations Inc.
Greyhound Communications Ltd. has changed its name to Eastmin Resources Inc. (ERA:VSE) with no consolidation of capital.
NEWS IN BRIEF Quartz Mountain Gold
Shareholders of Quartz Mountain Gold (TSE) will vote Jan. 30 on a proposed 1-for-5-share consolidation. Should the consolidation be given the green light, regulatory approval will be required.
Nova-Cogesco gets shareholder nod
Shareholders of Nova-Cogesco Resources (ME) voted at a recent meeting in Montreal in favor of the sale of their company’s 20% interest in the Silidor gold mine just outside of Rouyn-Noranda, Que. Camb…
Bakertalc, International Larder agree to amalgamate
Two companies active in the industrial minerals field, International Larder Minerals (TSE) and Bakertalc (TSE), have agreed to amalgamate. For Bakertalc, a talc producer, the amalgamation will provide…
Demand seen slipping for base metals
After slumping by 21% in real terms in 1990, base metal prices are set to slip further in 1991 as demand continues to decline, writes Metals & Minerals Research Services of Great Britain in a recent M…
Exploration resumes at Thunderwood’s Scott Lake property
Exploration has resumed on the Scott Lake polymetallic property held by equal partners Thunderwood Resources (TSE) and Greenstone Resources (TSE). Situated 12 miles west of Chibougamau, Que., the prop…
GOLD FUNDS (January 21, 1991)
BGR Central Net value $9.66 $5.44 Price $8.38 $4.950 Discount 13.25% 9.0% Value $57,543,958 $83,280,285…
James named director of troubled Campeau
Within weeks of his appointment as president and chief executive officer at Denison Mines (TSE), Bill James has been named a director of Campeau Corp., a beleaguered real estate development company. J…
Eastmaque sets production record
A new quarterly production record was announced by Eastmaque Gold Mines (TSE) from its operations at Kirkland Lake, Ont., and from its 50% interest in the American Girl mining joint venture in Califor…