PEOPLE — WORLD GOLD COUNCIL
Dennis Wheeler appointed U.S. director.
News
NEWS IN BRIEF (July 11, 1994)
Camine Resources (KRJ.A:ASE) has changed its name to Beckett Technologies on a share-for-share basis.
GOLD FUNDS (July 11, 1994)
BGR Central Net Value $17.22 $6.84 Price $15.68 $7.50 Premium 9.6% Discount 8.96% Value $139,879,000 $135,744,750…
Redell plans drilling
A private placement of 160,000 units at 64 cents each will enable Redell Mining (VSE) to finance summer drilling on its La Forma gold mine property in the Yukon. The junior will test a potentially hea…
Lakefield offering
Toronto-based Lakefield Minerals (CDN) has completed its initial public offering of shares through investment dealer McDermid St. Lawrence Chisholm. The offering enabled Lakefield to raise net proceed…
Kinross Gold to build new tailings plant in Zimbabwe
International gold producer Kinross Gold (TSE) plans to build a $4.5-million tailings retreatment plant at its Blanket mine in Zimbabwe. The 3,500 tonne-per-day (tpd) carbon-in-leach facility will be …
Shaft deepening at Sleeping Giant
Reserves have increased significantly and the shaft is being deepened at the Sleeping Giant gold mine 80 km north of Amos, Que. Joint owners Cambior (TSE) and Aurizon Mines (TSE) report that 145,000 t…
Bolivian mining potential lures Canadian companies
Ross Beaty, former president of Equinox Resources, is back in action with a new junior company, Da Capo Resources (VSE), focused exclusively on Bolivia. “This is a country with strong mining tradition…
Silver Standard, Regeena team up
Junior Regeena Resources (VSE) can earn a half interest in the Pine Grove property from Silver Standard (VSE). Teck (TSE) spent US$2.2 million on the property, situated in Nevada, outlining a geologic…
NEWS ROUNDUP — Deak revises production forecasts
Exploration and development at the Kerr mine, near Virginiatown, Ont., have enabled Deak Resources (TSE) to upgrade production forecasts for the remainder of 1994. The mine is now expected to produce …
NEWS ROUNDUP — Ecuadorian drills two properties
Drilling is planned or in progress on two gold properties held by Ecuadorian Minerals (ASE) in Ecuador. On the Gaby property, a second phase of work has begun, consisting of 23,000 ft. of diamond dril…
NEWS ROUNDUP — Orco, Metall in mill deal
Ore from the Donalda gold project of Orco Resources (ME) at Rouyn-Noranda, Que., will be treated at the nearby Norbec mill. Orco has signed a contract with mill owner Metall Mining (TSE) for two years…