News

Contrary to what was reported (T.N.M., July 2/90), Geddes Resources (TSE) is proposing to construct a 104-km road to link its Windy Craggy project to the Haines Highway which then leads south to Haine…

Martin Reynolds, vice-president and director of Nesbitt Thomson Deacon Inc. re-elected to the position of chairman of the board of directors for the 1990/91 fiscal year.

MVP BGR Central Capital Net value $10.88 $5.52 $0.34 Price $9.375 $5.500 $0.20 Discount %13.83% %0.4% 41.2% Value $64,786,475.29 $92,533,650 N/A…

James Kermeen and Gary Drummond appointed to the board of directors; Raymond Maret resigned from the board.

Michael Emery appointed assistant to the vice-president, smelting and refining.

Melinga Resources (VSE) is based in Vancouver and in London, England. A previous story (T.N.M., July 2/90) had the company situated elsewhere.

Allan Moran elected as vice-president of the company and manager of U.S. Exploration.

Deep underground exploration is continuing on the Manitouwadge area property of Hucamp Mines (COATS). The work is part of an ongoing program being carried out by Noranda Inc. (TSE); more than $3 milli…

The test mining phase of a $4.6-million program designed to determine the viability of the Cochenour-Willans gold mine property near Red Lake, Ont., got under way recently. Inco Gold, a unit of Inco (…

Quebec’s 26 producing gold mines in 1989 turned out almost 36 million grams of the precious metal, but a lower world price of gold resulted in a drop of 10.1% in total value compared with 1988. Provin…

Franco-Nevada Mining, Placer Dome and Corona A were among the issues which benefited from an increase in the price of gold bullion for the week ended July 3. Analysts attributed the advance to US$362….

The Canadian Mineral Industry Education Foundation, now in its 25th year, has expanded the eligibility categories for its scholarships. Ordinarily, the foundation offers undergraduate and some post-gr…