News

Toronto-based Armistice Resources (TSE) says discussions are under way with a group of private investors to raise funds for additional underground exploration on the company’s McGarry Twp. gold proper…

Production at the new QSL lead smelter in Trail, B.C., will not resume until the first quarter of 1991, Cominco (TSE) reports. Long lead times for equipment and an increase in the scope of work to be …

Little-known Dingman Industries doubled to 60 cents on volume of nearly half a million shares after the company said it has finalized a joint venture deal with a Soviet firm to treat arsenical gold co…

A modest increase in claim- staking activity has been reported in the Batachawana Bay area, north of Sault Ste. Marie, Ont., following the release of an airborne geophysical survey by the Ontario gove…

A feasibility study for an open- pit copper mining operation in northwestern Mexico is expected to be completed during the second half of October, shareholders of Chutine Resources (VSE) were told at …

Akiko-Lori Gold Resources (VSE) has exercised its right to option a 50% interest in Lansdowne Minerals’ (VSE) Lean-To property in the Omenica district of British Columbia. Akiko can earn its interest …

Canarc Resource Corp. — 250,000 shs offered @ $1.69 per sh. Consolidated Acorn Resources Ltd. — 1,000,000 units offered @ 40 cents per unit. American Barrick Resources Corporation — 5,000,000 shs o…

MVP BGR Central Capital Net value $10.73 $5.76 $0.32 Price $9.25 $5.375 $0.20 Discount 13.79% 6.7% 37.5% Value $63,887,109 $90,430,613 N/A…

Howard Beck, David Gilmour, Robert Helman, Duke Ligon and James Tory elected to the board of directors. Camuel Zell resigned from the board.

David Yue appointed president and chairman; Barney Magnusson, executive vice-president and secretary; Ernest Cruz, vice-president of exploration; Bernard Stannus, vice- president of operations; Kagiti…

Norman Anderson, Stuart Angus, John Ivany, Gil Leathley and Peter Steen elected to the board of directors.

Ernie Biltoft appointed administrative manager for the Getchell mine.