NEWS IN BRIEF (July 16, 1990)
Award Resources Ltd (ADR: VSE) has changed its name to Tomco Development Inc (TMV: TSE) on a 1-new-for-3-old basis. Montreal Trust is the transfer agent.
News
Placer sells Canadian oil and gas assets to Poco, Amerada Minerals
As part of a plan to rid itself of non-mining assets, Placer Dome (TSE) has agreed to sell Placer CEGO Petroleum Holdings, its Canadian oil and gas subsidiary, to Opus Acquisition, a company owned by …
Acadia’s connection with Hecla provides access to equity funds
At a time when most juniors are struggling to raise risk capital Acadia Mineral Ventures (TSE) has secured significant financial clout and has expanded its portfolio of gold properties. The company no…
Belmoral sells stake in Canreos Minerals
In a private transaction, Belmoral Mines (TSE) will sell its 38% interest in Canreos Minerals (VSE) to Tor Jensen, president of Canreos. As part of the agreement, Belmoral will also write off a $45,00…
Vancouver Stock Exchange Seine River fares well
Both the Vancouver Stock Exchange’s Composite and Resource indexes fared poorly over the week ended July 10, falling 9.18 and 13.43 points respectively. The composite index ended at 789.90 while the r…
Shamrock completes bioleaching test at Arthur White mine
A demonstration test for the bioleaching process was recently completed at Dickenson Resources’ (TSE) Arthur White gold mine near Red Lake, Ont. Shamrock Resources (VSE) conducted the 2.5-month test t…
Sindor drops Lisbon Valley lease in favor of outright purchase
Toronto-based Sindor Resources (TSE) has dropped its option to purchase a lease on the Lisbon Valley copper property in San Juan Cty., Utah, and has instead decided to purchase the property outright. …
Golden Queen calculates reserves
After incorporating results from a drill program completed last November, Golden Queen Mining (VSE) recently announced a hand-calculated mineral inventory for its Soledad Mountain gold property in Ker…
Breakwater drops option on Lenora turf
Disappointing results from the Greater Lenora Resources (TSE) claims just north of the Estrades mine site at Joutel, Que., have prompted Breakwater Resources (TSE) to drop its option on the property. …
New management for TerraGold
A deal is in the works that will see control of TerraGold Resources (ASE) pass from Jascan Resources (TSE) to Laurasia Resources (TSE) and Actuate Financial Consultants. Under the terms of a recent ag…
Noront joins ranks of Eskay hopefuls
In exchange for $115,000 and 100,000 shares, Noront Resources (VSE) has snapped up a 50% interest in a 16-claim block north of the Eskay Creek gold play. The claim block is adjacent and just north of …
B.C. companies win reclamation awards
Westar’s Balmer coal operation in the Elk Valley of British Columbia won the top provincial award this year at the 14th annual mine reclamation symposium held recently in Cranbrook. Westar was present…