PEOPLE — SUMMEX
Lawrence Page appointed director and Murray Pezim appointed chairman.
News
PEOPLE — ST ANDREW (July 15, 1996)
Charles Gryba appointed president and director.
NEWS IN BRIEF (July 15, 1996)
Consolidated Madison Holdings (KAD-V) and Future Avenir (FAVC.A-V) (FAVC.B-V) have amalgamated to form Ourominas Minerals (OMI-V). Consolidated Madison shareholders receive 0.6 new shares for one old …
Gold Funds (July 15, 1996)
Gold Funds as of July 4, 1996BGRCentralNet Value$23.46$6.40Price$18.70$6.
Young-Shannon funds program
Armed with funds from a private placement, Young-Shannon Gold Mines (YSG-V) intends to carry out surface and underground development work at its claim block in Chester Twp., near Timmins, Ont.Diamond …
NDT Ventures drills near Nain
Drills are now turning on the outskirts of Nain, Labrador.The first of 15 holes to be drilled by NDT Ventures (NDE-V) on its Project 44 joint venture with Takla Star Resources (TKR-A) was started last…
Three-way merger gets thumbs-down
A proposed merger between Great Lakes Minerals (GKM-T), Santa Cruz Gold (SCG-T) and Manhattan Minerals (MAN-T) has been sidelined by the results of due diligence investigations.The companies agreed no…
Consortium will develop Vasilkovskoye
A licence has been issued to a 3-company consortium selected by the government of Kazakhstan to explore and develop the Vasilkovskoye gold deposit.The deal, subject to completion of contract documenta…
Nelson, Tajikistan reach agreement
The government of Tajikistan and Nelson Gold (NLG-T) have reached an agreement on the gold sales, royalties and taxes related to Nelson’s operations in the country.Production from Nelson’s 49%-owned Z…
Copper markets still shaky following Sumitomo debacle
The crash in the copper market, set off, in an attempt to bolster the metal’s price, by Sumitomo copper trader Yasuo Hamanaka, has left the world’s metal-trading floors shaking. The industry had known…
Arequipa Res. advances Pierina property
With three rigs turning on the Pierina gold property in north-central Peru, Arequipa Resources (AQP-T) is half-finished a program consisting of 5,000 metres of reverse-circulation (RC) and diamond dri…
Rio, Inmet bid for Peruvian play
Despite the recent decline in copper prices, Rio Algom (ROM-T) and Inmet Mining (IMN-T) have joined forces to bid for a large, high-grade copper prospect in the Peruvian Andes.The Antamina property, 4…