NEWS ROUNDUP — More drilling for Rush and Run
Drilling is planned by Continental Pacific Resources (VSE) for two copper-zinc discoveries at its properties south of Coronation Gulf, N.W.T. The junior has completed geological mapping and geophysica…
News
OBITUARIES — James Gaunt
A practicing geologist for more than 30 years, James Gaunt died recently after suffering a heart attack while on a moose hunting trip in the Gowganda area of northern Ontario. He was 58. He participat…
Salaries of top executives to become public knowledge
Major changes in Ontario securities regulations will require companies to disclose, individually and by name, the compensation paid to each of their top executives. “These changes put Ontario in the f…
NEWS IN BRIEF (October 25, 1993)
Can Pro Developments (CPO:VSE) has changed its name to Cadre Resources (CSL:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal Trust.
Tri Origin completes drilling on Sault area gold project
A 12-hole program of 2,408 metres has been completed at Tri Origin Exploration’s (TSE) Sault gold project. Drilling on the property, 90 km north of Sault Ste. Marie, Ont., was followed by down-hole el…
Court approves Claude settlement
A settlement proposal to unsecured creditors of Claude Resources (TSE) has received court approval. Having paid the bankruptcy monitoring trustee $390,000, which is being allocated to unsecured credit…
Barrick to broaden horizons
Large North American gold producer American Barrick Resources (TSE) is looking for new opportunities overseas. The Toronto-based company announced the creation of its Corporate Development Group which…
Union member charged at Giant
The Royal Canadian Mounted Police have charged Roger Wallace Warren with nine counts of first-degree murder in connection with an explosion in the Giant gold mine that killed nine miners more than a y…
NEWS ROUNDUP — William eyes Guyana, Venezuela
An option to acquire an exploration licence in Guyana has been obtained by William Resources (ME). The licence for the diamond-gold placer project covers part of the Mazaruni River about 250 km southw…
Gold Funds (October 25, 1993)
BGR Central Net Value $14.04 $6.00 Price $14.38 $6.625 Premium 2.39% 10.4% Value $78,637,000 $119,907,863…
Westminer Canada options Timmins base metal property
In an agreement reached with Moneta Porcupine Mines (TSE), Westminer Canada can earn up to a 100% interest in a 65-sq.-km base metal property near Timmins, Ont. The property is in Jamieson, Macdiarmid…
Republic funding
Republic Goldfields (ME) has arranged US$1.575 million in equity financing. It consists of a private placement, outside North America, of up to 700,000 units at US$2.25 each. Each unit consists of one…