Argentine plane crash kills six
A director and an officer of American Resource (NASDAQ) were among those who died Sept. 28, when a charter plane crashed shortly after takeoff from Cordoba, Argentina. The accident claimed the lives o…
News
BMR to acquire control of Bullion gold project
Vancouver-based BMR Gold (TSE) has an option to buy all the shares of Bullion Mines, a private company in Delaware. Bullion holds certain mineral and operating rights to the Bullion gold project in th…
Ore being hauled at Mt. Hamilton
A fleet of trucks is busy hauling ore at the Mt. Hamilton gold mine near Ely, Nev., only three months after Rea Gold (TSE) started construction. Rea secured an option on the property in December, 1993…
Transgold seeks reactivation
CDN-listed Transgold Explorations and Investments (CDN) has asked the Ontario Securities Commission to remove the cease-trading order imposed on it in 1992 for failing to file financial statements. If…
Bitterroot to produce garnet
In a bid to become a dominant low-cost producer of alluvial almandine garnet products, Bitterroot Resources (VSE) will buy a 700-ton-per-day modular heavy mineral recovery plant in Arizona. The 4-year…
PEOPLE — FALCON VENTURES
John Hyndman and Jacob Friesen appointed directors.
PEOPLE — ARIEL
Fred Knight appointed director.
OBITUARY — Gordon Kirk
A longstanding employee of Agnico-Eagle Mines, Gordon Kirk, has died at a hospital in Oshawa, Ont. He served on the boards of directors of Agnico-Eagle and related companies Mentor Exploration and Dev…
OBITUARY — Stephen Evans
Geologist Stephen Evans has died at the veterans’ wing of Sunnybrook Hospital at Toronto. He worked in the mining industry for more than 45 years.
GOLD FUNDS (October 03, 1994)
Gold Funds as of Sept 26 BGR Central Net Value $18.13 $6.87 Price $16.00 $7.25 Premium 5.5 Discount 11.74% Value $147,279,000 $131,219,925…
McLeese Lake back on track
The McLeese Lake open-pit copper mine in central British Columbia has resumed production. Owner Gibraltar Mines (TSE) closed the operation about 10 months ago in response to low copper prices. Over th…
La Teko drill programs on track at True North
Drilling continues on the True North deposit near here amid a blaze of autumn colors. With 190 reverse circulation drill holes now complete, La Teko Resources (NASDAQ) estimates the project’s proven a…