Bre-X drops Arizona gold bet
Tough equity markets have forced Calgary- based Bre-X Minerals (ASE) to drop plans to earn a 55% interest in the United Western mine in Oatman, Ariz. Bre-X could have earned the interest from owner Su…
News
Amax earning Haile interest
A definitive option and earn-in agreement was signed by Amax Gold (NYSE) and Piedmont Mining (NASDAQ) which will allow an Amax subsidiary to earn an interest in Piedmont’s Haile gold property near Ker…
Intl. Larder shares
A total of 500,000 shares of International Larder Minerals (TSE) was recently acquired by River Oaks Gold in a private sale transaction. River Oaks, a private company, now owns 2.13 million shares or …
Montreal Exchange NAR is active
The volume leader on the week, North American Rare Metals, got in on the Benoit Twp. excitement in northwestern Quebec by announcing it had purchased a 30% interest in 70 claims about three miles sout…
Exploration firm keeping active in the Yukon
Despite an uncertain outlook for the Yukon exploration industry this season, Archer Cathro and Associates (1981) Ltd. expects to keep busy. The firm, with offices in Vancouver and Whitehorse, accounte…
New debentures for Stratmin
An affiliate of the French company Imetal SA, Mircal Mineral (Canada), will subscribe to $5-million worth of convertible debentures in Stratmin Graphite, the debentures bearing 6.5% interest payable y…
Inco debentures
A US$150-million issue of Inco’s (TSE) 25-year debentures, which are being sold in the U.S., will carry an interest coupon of 7.75% per year. The debentures are convertible into common shares of Inco …
People Pierce Mountain Resources
L. George appointed a director succeeding Jordan Ethans who resigned.
People Fircrest Resources
Donald Rackemann appointed president and director; Hans Banziger appointed vice-president, director and chief financial officer; David Valp appointed secretary and director; Henry Schwang and Alex Bri…
People Boise Creek Resources
Rand Buhler appointed a director.
People Florin Resources
Philip Speyer appointed president succeeding Logan Anderson who resigned; William Timmins appointed director succeeding Harold Moll who resigned.
NEWS IN BRIEF Marshall Minerals
Marshall Minerals (ASE) reported completing the acquisition of the 45% interest in the Sangold property at Foleyet, Ont., it did not already own. Marshall issued 748,886 shares at $1.05 per share (for…