PEOPLE ZICTON GOLD
Boyce Butler appointed president succeeding John Hilton who resigned. Butler was also appointed a director.
News
Ontario court awards Brookbank gold bet to Ontex
Toronto-based Ontex Resources (ASE) has emerged as the winner in a bitter legal dispute with Metalore Resources (TSE) and George Chilian over control of the Brookbank gold property in northern Ontario…
B.C. stalls Eskay mining lease until land title question settled
The battle for control of the Eskay Creek deposit north of Stewart, B.C., is no longer confined to two majors vying to develop what is expected to become one of the province’s richest and highest-grad…
COATS (over-the-counter) Card claims gain value
A 5-claim package owned by Card Lake Resources in Holloway Twp., Ont., is looking increasingly attractive as Noranda probes extensions of the Lightening gold zone on a property optioned from Canamax. …
Greenland planning to purchase $2 m in Platinova shares
Junior mining company Platinova Resources (TSE) of Toronto will take on a new shareholder in the form of the government of Greenland, which says it intends to purchase about $2 million worth of Platin…
INSIDER TRADING Freewest Pres. Watson a buyer
Freewest Resources (TSE) President Mackenzie Watson will be a very rich man if his company’s Harker-Holloway, Ont., gold joint venture with Noranda (TSE) lives up to expectations. Figures released by …
Shortage of Soviet oil in Cuba could push nickel prices higher
Economic woes in Cuba, which produces about 5% of the world’s nickel, could trigger a runup in nickel prices, industry analysts say. The price of nickel, currently about US$3.70 per lb., could reach U…
Billiton calculates reserves at Blende lead/zinc deposit
Using parameters applicable to open pit mining, Billiton Metals Canada has calculated a preliminary reserve of 12.6 million tons grading 2.2% zinc, 3% lead and 1.46 oz. silver per ton at the Blende de…
Editorial Senators on ice
When the National Hockey League’s newest Canadian team, the Ottawa Senators, takes to the ice in 1993, all of Canada should be proud. After all, it is our money that is going to make this sports franc…
Diamond search at Uranerz Sask. bet finds more stones
Hopes that a diamond mine can be established in Saskatchewan were boosted recently when partners Uranerz Exploration and partner Cameco recovered four large stones from kimberlite at the Fort a la Cor…
Grizzly Creek plans to boost interest in Philippines project
Vancouver-based Grizzly Creek Resources (VSE) says it will increase its interest in Golden Valley Explorations, owner of the Pinkian copper and gold property in the Philippines. Grizzly Creek has a 40…
NEWS IN BRIEF Black Hawk Mining
Shareholders of Black Hawk Mining (TSE) have until Dec. 21 to exercise rights issued at a rate of one right for every 2.3 shares. (Fractional interests in rights will be rounded down to the nearest lo…