PEOPLE NAXOS RESOURCES (May 20, 1991)
Andrew Babiy has resigned as a director.
News
PEOPLE BENTON RESOURCES
John Erickson appointed director.
Corrections (May 20, 1991)
The Refugio gold project owned 50% by Bema Gold (TSE) in Chile is located at an elevation of 14,500 ft. rather than at the altitude as previously reported (T.N.M., April 15/91, April 29/91).
Alberta Stock Exchange Tyranite mine sold
An agreement to sell their combined 40% interest in the Tyranite gold mine near Timmins, Ont., failed to spark the share price of either Gunnar Gold Mining or Mill City Mining in the week ended May 14…
LETTERS TO THE EDITOR Not all income is taken home
Regarding the article “Mining executives among best paid” (T.N.M., April 15/91), it is stated that sundry mining executives “took home” various substantial rewards. Are we to understand that these su…
VSM Exploration starts drilling
Summer exploration has commenced at a number of properties optioned by VSM Exploration (TSE) and its privately owned French partner Serem-Quebec in the Quevillon-Desmaraisville region of northwestern …
Montreal Exchange Casa Berardi drilling (May 20, 1991)
From the Casa Berardi area of Quebec, TVX Gold and Golden Knight Resources reported completion during the first quarter of 19 drill holes at their joint venture gold mining project. Five of the holes …
Echo Bay’s first-quarter profit reflects jump in gold output
Despite a drop in gold prices, a 12% increase in gold production helped Echo Bay Mines (TSE) return to a profitable position in the first quarter of 1991. The gold miner reported earnings of $4.4 mil…
Miner killed at Gays River mine
A miner was killed recently at the Gays River lead-zinc mine in Nova Scotia. It is owned by Westminer Canada, a wholly owned subsidiary of Western Mining Corp. of Australia. An official at the mine s…
Golden Knight, TVX find gold values
Partners Golden Knight Resources (TSE) and TVX Gold (TSE) continue to intersect ore-grade gold mineralization over narrow widths in the Theo River/Lac Germain region, 10 km from their Casa Berardi, Qu…
Kennecott sells Kemess interests
Merger partners El Condor Resources(VSE) and Covenant Resources (VSE) recently agreed to purchase the North and South Kemess property interests held by a unit of Kennecott. El Condor earned a 60% int…
Miroc active in research
Last year was a milestone in the 16-year history of the Mining Research Organization of Canada. MIROC, the oldest research organization sponsored by the mining industry, has emerged from its partial d…