News

The New Brunswick Mining Association will celebrate its third annual Mining Week from May 27 to June 1. Theme for 1991 is “the importance of minerals in the everyday life of the people of New Brunswic…

Bernard Brynelsen appointed director and chairman of the board succeeding Bevan Anderson who resigned.

Erskine Young appointed president and director.

Loumic Resources Ltd. — 350,000 shs offered @ 90 cents per sh. Procordia Explorations Ltd. — 1,000,000 shs offered @ 18 cents per sh. Loki Gold Corporation — 1,100,000 units consisting of 1 sh an…

Brent Jardine appointed president and director succeeding Brian Emore who resigned as president but will remain on as a director.

Jason Troll appointed president and director succeeding Timothy Brock who resigned; Ed Lee has joined the board of directors.

Gold sales of 373,700 oz. were reported by Newmont Gold (NYSE) from its five mills during the first quarter of 1991, compared with 395,700 oz. during the same period last year. North America’s larges…

Aside from a slight drop in Canadian interest rates, the week ended May 21 offered little evidence that market conditions are about to improve. Gold and base metal stocks, which have been under pressu…

The Vancouver Stock Exchange’s resource index took a hit during the week ended May 21, dropping 12.2 points to finish at 505.14. The composite index followed suit, dropping a more modest 4.89 points t…

Exploration drilling continues at the Sleeping Giant gold property of Aurizon Mines (TSE), north of Amos, Que., with six machines underground and one rig on surface, program operator Cambior Mines (TS…

A recent agreement between Skyline Gold (TSE) and Adrian Resources (VSE) sets the stage for Adrian to acquire a 51% interest in the Sky Creek portion of Skyline’s Johnny Mountain property in northwest…

A partner with Coopers and Lybrand Consulting Group in Vancouver, William Stanley, was recently installed as president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) for 1991-92. …