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…
News
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…
U.S.REPORT RTZ trading on NYSE
London-based RTZ Corp. (NYSE), one of the world’s largest mining and metals companies, has recently listed its shares on the New York Stock Exchange under the symbol RTZ. The company, with nearly 50% …
Golden Pond options Amos nickel prospect
Tundra Gold Mines’ (VSE) affiliate, Golden Pond Resources (VSE), recently agreed to option what it regards as a promising 17,700-acre nickel property east of Amos, Que. In 1971, drilling completed on …
Gold Standard wins Mercur suit round
A U.S. judge has elected not to dismiss a lawsuit filed by Gold Standard (NASDAQ) against a British merchant banking company in relation to the Mercur gold mine in Utah. Gold Standard, an exploration …
INSIDER TRADING MinVen director adds to holdings
Judging by his recent purchase of MinVen Gold (TSE) shares, director Landon Clay is obviously bullish on the prospects for both MinVen and the price of gold. According to a recent edition of the Ontar…