Second opinion on Eskay due soon
Shareholders of Calpine Resources (VSE) will soon have a second fairness opinion on the proposed merger between Calpine and Prime Resources (VSE). Calpine management retained Levesque Beaubien Geoffri…
News
FMC drops Excelsior
The option to enter a profit-sharing agreement on the Excelsior property owned by Steelhead Resources (VSE) has been dropped by FMC Gold (NYSE). The original 90-day option, subsequently extended by 60…
Nuinsco, Echo Bay suing each other over Cameron Lake
Toronto-based Nuinsco Resources (TSE) has launched a counter-suit against Echo Bay Mines (TSE) for breach of fiduciary duty involving the Cameron Lake gold property in northwestern Ontario. Echo Bay, …
RFC gaining confidence on Pend Oreille project
Underground drilling is meeting with success at the Pend Oreille zinc project, where a distinct zonal mineralizing trend has been identified, RFC Resource Finance (TSE) says. The project is in Washing…
Hycroft plans deep drilling at Crofoot
A US$1-million deep drilling program is planned by Hycroft Resources and Development (TSE) for its Crofoot mine project near Winnemucca, Nev. According to Hycroft, the first stage of the drill program…
Wilanour nets $3.2 m from rights offering
Wilanour Resources (TSE) said recently that 1,006,299 shares had been subscribed for and issued following a rights offering which expired Dec. 12, for which Wilanour has received $3.2 million. Accordi…
Positive results for Thunderwood
A feasibility study is expected to get under way this spring at Thunderwood Resources’ (TSE) wholly owned Gold Hawk property in the Val d’Or area of Quebec, where the first gold bar was poured recentl…
News in Brief (January 08, 1990)
Asitka Resource Corp. has changed its name to Orenda Forest Products Ltd. (OFP:VSE) on a share-for-share basis. Transfer agent is Montreal Trust.
Status of Adrian claims still unsettled
Shareholders of Adrian Resources (VSE) are still awaiting final status on title to ground strategically situated adjacent to the Eskay Creek project in northwestern British Columbia. Recently, Adrian …
Kokanee explores in B.C.
Kokanee Explorations (VSE) is carrying out an exploration program on its Vine property 16 km from Cranbrook, B.C. Held under option from Cominco (TSE), the Vine property’s geology is considered analog…
Editorial Ontario must address power shortage
Already this winter Falconbridge has suffered power shortages at its Sudbury operations for 14-hour stretches on several consecutive days — a total of 110 hours in December alone. The demand for powe…
Queenston, HSK merger approved (January 08, 1990)
The proposed merger of Queenston Gold Mines (TSE) and affiliate HSK Minerals (TSE) was approved by shareholders of both companies recently at a special meeting in Toronto. Trading on the Toronto Stock…