NEWS ROUNDUP — Fort MacKay drill core studied
Detailed chemical and mineralogical studies are under way on drill core from the Fort MacKay precious metal deposit in northeastern Alberta. The joint venture is owned by Toronto-listed Tintina Mines …
News
PEOPLE — INT’L HOMESTEAD (January 17, 1994)
Everett Abbey appointed director.
LAST BUT NOT LEAST….Sunshine to make rights offering
New York-listed Sunshine Mining has filed a registration statement covering a rights offering to be made to its shareholders. Each right enables the holder to buy a unit consisting of two shares in th…
ODDS’N’SODS — Red Lake’s engineering `dean’
Among the many heroes of Ontario’s Red Lake mining camp is Horace Greely Young, Sr. Honored for his work in that community in the province’s northwest, Young was born in Osnaburgh, Ont., in 1881 and g…
NEWS ROUNDUP — Ecudor arranges private placement
A private placement will allow Societe Miniere Ecudor (ME) to increase to 35% its stake in the Dona Lake gold mine in northwestern Ontario. The $1-million debenture placement, which has yet to be appr…
NEWS ROUNDUP — Inco reviewing Schell Ranch
Pending a review of exploration results for the past year on the Schell Ranch property, a U.S. subsidiary of Inco (TSE) is expected to resume drilling in early 1994. The property is in Calaveras Cty.,…
NEWS IN BRIEF (January 10, 1994)
Parquet Resources (PQT:ME) has changed its name to Plexmar Resources (PLE:ME) on a 1-new-for-8-old-share basis.
Startigan plans work on Ecuadoran play
By acquiring all outstanding shares of Ecuadorian resource company Square Valley, Startigan (ASE) has assumed ownership of two gold projects in the foothills of the Andes. The Gaby property, 85 miles …
Peat Resources announces study
Peat Resources (CDN), a company with plans for a peat fuel processing plant, says Ontario Hydro will participate in a formal review of the technical and economic aspects of Canada’s sustainable peat f…
Lyon Lake tests zone extension
Surface sampling and drilling demonstrate that the gold-bearing zone of the Beta Vargas deposit in Costa Rica is open to the east and at depth. Lyon Lake Mines (ME) has completed 17 reverse circulatio…
ODDS’N’SODS — A man `over the range’
(The following story is characteristic of the life and death of many placer miners in early years. The individual described, Stumpy Wicks, worked on the Coeur d’Alene River, in Idaho.) Stumpy Wicks wa…
Wheaton sells Ketza River gold property to YGC
Junior gold miner Wheaton River Minerals (TSE) has sold its Ketza River property, near Ross River, Y.T., to YGC Resources (VSE). In return, Wheaton will receive three million YGC shares, giving it a 4…