Pacific Sentinel drilling Arizona project
A $500,000 exploration program managed by Pacific Sentinel Gold (VSE) is under way on the Golden West project in La Paz Cty., Ariz., where the company is earning a 50% interest from PIC International …
News
PCS sells warrants to pay for Saskterra
A sale of special warrants worth nearly $50 million has been made by Potash Corp. of Saskatchewan (TSE) to fund the company’s recent purchase of Saskterra Fertilizers. Saskatoon-based Potash sold 3,66…
U.S. REPORT Targets exceeded at Champagne mine
Since the startup of the Champagne mine last September, operator Bema Gold (TSE) has been reporting better than anticipated gold and silver production at below projected costs. Bema owns 85% of the op…
U.S.REPORT Toffan, Netolitzky fund Atna deal
Armed with the proceeds of a recent private placement, Atna Resources (VSE) has been busy assembling a land package in the Foothills Belt of California, a region known to be prospective for polymetall…
Lingan mine wins rescue contest
The 21st provincial mine rescue competition was recently held in Glace Bay, N.S. Led by Jay Dooley, the Lingan mine team defeated seven competitors to win the championship. The contestants were judged…
U.S.REPORT Kennecott exercises High Frontier option
An option to acquire an additional 500,000 shares of High Frontier Resources (VSE) has been exercised by Kennecott, a wholly owned unit of London-based RTZ Corp. The option was part of a previous agre…
CLARIFICATION:
To clarify an earlier story (T.N.M., July 16/90), it should be noted that Charles Michener, a current director of Lytton Minerals (TSE), is a former associate of Derry, Michener, Booth & Wahl. Michene…
Dunfrazier offering not fully subscribed
Dunfrazier Gold Explorations (ASE) says it has received only $1,200 from subscriptions for a rights offering from which the Toronto company had hoped to raise $135,625. Dunfrazier says it has been adv…
Corona tightens grip on Eskay Creek
Murray Pezim and other insiders of Prime Resources Group (VSE) have accepted a sweetened offer from Corona (TSE) for their combined holding of 5.6 million Prime shares. As a result of the recent agree…
Dissidents force Sherritt meeting
Sherritt Gordon (TSE) says it will comply with a request from a minority shareholder for a shareholders’ meeting to vote on proposed changes in the metal refiners’ board. However, Sherritt said it is …
U.S. REPORT Piedmont makes new acquisition
The acquisition of MMC Holding Inc. by Piedmont Mining (NASDAQ) has been finalized at a total purchase price of US$3.5 million. Of this amount, US$1 million was paid in cash and the balance is payable…
Resolute seeks gold from sand and gravel
A pilot plant designed to recover heavy minerals from sand and gravel has started up in northern Italy. The plant, built by Vancouver- based Resolute Resources (VSE), will test the feasibility of extr…