Fraud charges laid in Perilya scandal
Three Australian prospectors have been charged with fraud after they persuaded Noranda (TSE) to buy a stake in a salted gold prospect near Karpa Spring in Western Australia. The three men were charged…
News
Crude ups Moss Lake reserves, 82 million tons, 0.031 oz. gold
Calculations completed by an independent consultant indicate that the Moss Lake property, 50 miles west of Thunder Bay, Ont., contains probable and possible reserves of 82.2 million tons grading 0.031…
Deak hits massive sulphides
rilling by Deak Resources (TSE) on the company’s Magusi base metal property in northern Quebec has cut 62 ft. of massive sulphide mineralization 325 ft. up dip from the discovery hole drilled in Febru…
Rea Gold bids for QPX
A formal offer will be mailed shortly to Canadian shareholders of QPX Minerals (TSE) providing more details of a recent offer by Rea Gold (TSE) to acquire all their QPX shares in exchange for common s…
Underground at Grevet project `almost’ certain
Results from one of two studies to be released from the project of VSM Exploration (TSE) and Serem-Quebec at Grevet Twp. make underground exploration and future development almost inevitable, says VSM…
Startup planned for SB project
The two partners in the SB gold-silver project northwest of Stewart, B.C., say they will proceed to production with the property, subject to regulatory approval. Westmin Resources (TSE) is earning a 5…
Denison cutting 400 jobs at high-cost elliot Lake mine
Fears that Elliot Lake, Ont., will soon become a ghost town were heightened recently after Denison Mines (TSE) announced that it is laying off 400 employees this summer and reducing production at its …
News In Brief Solo Int’l
Solo Int’l Resources Ltd. (SOZ:VSE) has changed its name to Regent Ventures Ltd. (REV:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis. Pacific Corporate Trust Co. is the transfer…
PEOPLE ARMENO RESOURCES
Bedo Kalpakian appointed president succeeding Setrak Kalpakian who passed away; Jacob Kalpakian appointed vice2Dpresident and director.
PEOPLE AMERICAN BARRICK RESOURCES
Howard Beck appointed vice-chairman of the board.
PEOPLE GOLDEN DIVIDEND RESOURCES
Edward Cockerell appointed president succeeding Dale Wallster who resigned.
PEOPLE CITY RESOURCES (CANADA)
David Paice appointed president and chief executive officer; Craig Munroe appointed chief financial officer; Craig Thomas appointed secretary; Andrew Robertson and Andrew Williams appointed directors….