NEWS ROUNDUP — KRL acquiring Ontario claims
Junior KRL Resources (VSE) is acquiring two mineral claims (comprising four units) in Knight Twp., within the Shining Tree area of northern Ontario.The company will issue 75,000 common shares, subject…
News
STOCK MARKETS — Witte offer, Voisey Bay keep VSE on its toes
Western markets paused for a breather during the report period ended April 25, with the Vancouver Stock Exchange resource index slipping 3.33 points to 1,261.46. The composite index continues to track…
Radisson boosts reserves at O’Brien gold project
Based on results of a winter drill program, Radisson Mining Resources (ME) reports an increase in the resource of the 36 East zone on the O’Brien project near Malartic, Que.The junior can acquire a ha…
Meetings (May 01, 1995)
May 8, Birch – annual, generalMay 8, MongoliaMay 8, Morocco – annual, generalMay 8, MSV – annual, general, specialMay 8, Norcal – annualMay 8, Place – annual, specialMay 8, Sceptre – annualMay 9, Aspe…
Citadel issued with summons
A summons has been issued to Citadel Gold Mines (TSE) and two of its officers regarding alleged failure to submit a closure plan for the Surluga gold mine property in the Wawa area of northeastern Ont…
Spot prices at a glance (May 01, 1995)
Wednesday, Apr. 26Week’sPrice (US)ChangeGold*$389.85-$7.10Silver*$5.69-$0.23Platinum*$441.00-$20.25Nickel**$3.25-$0.03Lead**$0.27$0.00Copper$1.26-$0.06Zinc$0.48 $0.00…
Taylor Rand enters venture in Zaire
Toronto-based Taylor Rand (CDN) will form a joint venture with Zaire-based Mbula SPRL, with the former owning a 45% interest.The main asset, situated in the Manlema and Kasangani regions of Zaire, is …
NEWS ROUNDUP — Exploration work for Keeley Frontier
Exploration work is planned for the Keeley Frontier property near Cobalt, Ont., Transway Capital (CDN) reports.The program, consisting of geophysical surveys (spectral induced-polarization, magnetomet…
NEWS ROUNDUP — Gowest active in Timmins area
Alberta-listed Gowest Amalgamated Resources reports that four holes drilled to test geophysical anomalies on the Murphy Twp. property near Timmins, Ont., failed to intersect economic mineralization. A…
Santa Fe hikes quarterly output
First-quarter earnings for Santa Fe Pacific Gold (NYSE), while strong, are down slightly from a year ago.Net income was US$12.3 million (or 9 cents per share), just off from US$13.4 million (or 12 cen…
Rio, North bid for Musto
Shareholders of International Musto Explorations (TSE) are considering a new takeover offer.Copper producer Rio Algom (TSE) of Toronto and Australian resources company North Ltd. have joined forces an…
GAC/MAC meeting draws earth scientists to Victoria
More than 1,000 earth scientists from around the world are coming to the University of Victoria in Victoria, B.C., for the May 17-19 annual meeting of the Geological Association of Canada (GAC) and th…