Mimiska acquiring Red Lake property
A 42-claim property in the Red Lake mining camp in northwestern Ontario is being purchased by Societe Miniere Mimiska (ME). An agreement with three individuals — Michael Desmoulins, Perry English and…
News
Curragh raising $170 million to offset debt, Mt. Hundere
Toronto-based Curragh Resources (TSE) is close to finalizing a $125-million long-term financing package designed to offset debts acquired as Curragh completed the acquisition last year of a 20% stake …
Impressive Teddy Bear has long history
Ross Hofmann, chairman and majority shareholder of little- known Teddy Bear Valley Mines (COATS), likes to tell the story of how he became a member of the Gold Plugged Drill Bit Society. Hofmann, 70, …
QUERY Carlin res. has royalty in Elko, Nev. property
A recent article mentioned Carlin Resources (VSE) and the Chandler property, five miles from Weiser, Idaho. I would like to know about the company’s 5% net royalty interest in a new gold mine called t…
Greenstone, Boliden prepare to drill Panama gold deposit
A 60,000-ft. drilling program is scheduled to begin this fall on a Panamanian gold property acquired recently by joint venture partners Greenstone Resources (TSE) and Boliden International Mining, a u…
OBITUARY David Miller
David Miller, professional engineer, died recently in an accident in the Yukon while working on the Mel prospect for Barytex Resources. He was 55. Miller held a degree in geological engineering from t…
PEOPLE LONDON METAL EXCHANGE LTD.
John Wolff elected chairman succeeding Christopher Green who resigned; Raj Bagri elected vice-chairman.
PEOPLE THE GOLD AND SILVER INSTITUTES
Chris Rose appointed communications manager; Michael Brown appointed director of government relations.
PEOPLE AKIKO-LORI GOLD RESOURCES
Murray Pezim appointed chairman of the board of directors.
Canamax sees loss in second quarter
Rising gold prices aren’t likely to affect Canamax Resources’ (TSE) recent decision to shut down its Ketza River and Kremzar mines, says Udo von Doehren, the company’s vice-president of finance. While…
U.S. REPORT Chase signs partner for Arizona project
A joint venture agreement will see Chase Resources (VSE) take on a partner to help fund exploration at its Sungold project near Prescott, Ariz. Under the terms of the agreement, Whiskey Creek Resource…
Inco buys 6% stake in limestone producer
By purchasing seven million shares of Explaura Holdings (COATS), Inco Europe, a unit of Inco (TSE) will earn a 6% interest in the United Kingdom-based mining company. Through a private placement, Inco…