Acadia faces proxy battle
Shareholders of Acadia Mineral Ventures (TSE) will decide the fate of the company at a special meeting scheduled for May 4. They can either accept a slate of five directors including Arthur Brown, cha…
News
Esperanza changes name
As the result of a name change and a share consolidation, Esperanza Explorations has become Columbia Gold Mines (VSE). With a share consolidation of one new for three old, the company has about 4.4 mi…
Bacterial oxidation process produces gold for U.S. Gold
It has taken more than two years and US$31 million, but Denver-based U.S. Gold (NASDAQ) recently poured the first gold produced from a new bacterial oxidation process developed at its Tonkin Springs g…
Kachmar resigns Dickenson post
The president of Dickenson Mines (TSE), John Kachmar, resigned his position at the company annual meeting. Kachmar, who had been with the company for nine years, including the past four years as presi…
Eastern to drill gold anomalies on Shamrock
Having received favorable indications from overburden testing on its Shamrock gold property in Newfoundland, Eastern Goldfields (COATS) plans to engage in a program of drilling and trenching this summ…
Skyline still struggling at Johnny Mountain mine
Despite substantial increases in throughput and gold recoveries, Skyline Gold (TSE) has yet to achieve commercial production at its wholly owned Johnny Mountain gold mine in the Iskut River district o…
Gold funds as of Apr. 3 (April 09, 1990)
MVP BGR Central Capital Net value $11.58% %$5.82% $0.40% Price $10.50% %$6.125 $0.25% Discount 9.33% %5.2%5 37.5% Value $68,946,265 $103,048,838 N/A…
FINANCING (April 09, 1990)
Daren Res — min 675,000 offered @ 33 cents per sh. Trades reported by QSC…
COATS (over-the-counter) Southern Ariz. up 12 cents
In an otherwise quiet week of trading on the over-the-counter market, 631,040 shares of Southern Arizona Mining and Smelting changed hands. Reacting to news of an option agreement between Southern and…
People (April 09, 1990)
ASARCO INC. — William Borzick will head a newly created internal consulting group, based in Salt Lake City, Utah; Curtis Bates appointed plant manager of the Texas plant; Vincent Wildman appointed ma…
Inco to spend $4.6 m at old Cochenour bet
Plans for a $4.6-million underground exploration program at the Cochenour-Willans gold mine property near Red Lake, Ont., were finally revealed by Inco Gold recently. Inco Gold, a unit of Inco (TSE), …
Uranerz to continue work on kimberlites
Exploration on a kimberlite deposit in the Fort a la Corne region of Saskatchewan will begin in a few weeks. Several holes will be drilled on the most prospective of the seven diamond-bearing kimberli…