Gold Fields options Pandora
A letter of intent has been signed between Gold Fields Canadian Mining, a unit of Hanson Natural Resources, and Queenston Mining (TSE) on Queenston’s 100% owned Pandora gold property near Malartic, Qu…
News
INSIDER TRADING — Aber insiders on sell side
Some insiders of diamond explorer Aber Resources (TSE) have been active sellers of late. Judith Barker, wife of insider Lee Barker, sold 5,800 shares in July and August for $1.60-1.90 to hold none. Hi…
Adrian expands Petaquilla potential
Recent stepout drilling on the Petaquilla project in Panama indicates a recently completed estimate of the project’s geological resource is open to considerable expansion, according to Adrian Resource…
LATIN AMERICA ROUNDUP — Mahogany, Lily option Chilean mine
International Mahogany (TSE) and parent North Lily Mining (NASDAQ) have formed a joint venture with the owner of the Santa Rosa copper mine in northern Chile. The Santa Rosa mine, within four kilometr…
Industry, governments extend funding for MEND research
Representatives of the mining industry and five governments have signed a memorandum of understanding which will add another four years and $5.5 million to an environmental research program. The agree…
Heenan undergoes restructuring
After a rather drastic restructuring, Heenan Senlac Resources is making something of a comeback. Its shares were suspended from trading on The Toronto Stock Exchange in April, 1990, for failure to mee…
Gibraltar extends drilling program on North zone
Continued drilling success on the North zone has prompted Gibraltar Mines (TSE) to initiate an additional drilling program of 29 holes totalling 22,600 ft. Subject to extensive drilling since its disc…
TSE SHORT POSITIONS (October 05, 1992)
Semi-monthly reports as of September 15, showed 28,383,779 shares of 566 issues compared with 30,372,811 shares of 582 issues on August 31. Larger individual positions included: Aber Res. 72,300; Amer…
NEWS IN BRIEF (October 05, 1992)
Link Resources Inc. (LR:VSE) has changed its name to Haddington Resources Ltd. (HDD:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Montreal Trust.
U.S. REPORT — Pegasus plans share issue
Western U.S. gold producer Pegasus Gold (TSE) recently reached an agreement with brokers Burns Fry, Nesbitt Thomson, Goldman Sachs and Bunting Warburg for a secondary issue of 3.25 million common shar…
Troy continues surface work, test milling at Menary prospect
Continued surface exploration and test milling of a 500-ton bulk sample is reported by Western Troy Capital (ASE). The company’s property is in Menary Twp. in northwestern Ontario. Examination of the …
U.S. REPORT — Shaft planning under way — Field work begins
Slated for initial production in late 1995 and full production the following year, American Barrick Resources’ (TSE) Meikle mine has moved beyond the study stage. Field work has begun. Rod Pye was app…