NEWS IN BRIEF Wkay Resources
Wkay Resources Inc. (WKA: VSE) has changed its name to Magnatron International Corp. with no consolidation of capital. The new company has no interest in mining.
News
U.S. REPORT BMR looking at Nevada producer
An option to purchase all the outstanding shares of Oliver Hills Mining has been acquired by BMR Gold (ASE). Oliver Hills is a privately owned company which owns a gold-silver heap leaching facility n…
Eastmaque sets conversion period allowing 30 days
The board of directors of Eastmaque Gold Mines (TSE) has set the 30-day special conversion period for the company’s convertible preferred shares to begin on Nov. 19. The special conversion allows conv…
Shearson rules out big slump for metals
The continuing Persian Gulf oil crisis may have dimmed prospects for lead and zinc, but a repeat of the 1974-75 and 1979-82 periods, when prices fell sharply and then remained depressed for a number o…
Adrian reports underground work at Eskay Creek
Uderground chip sampling returned high-grade assay results from the 867-crosscut through the 21B deposit on the TOK claim gap portion of the Ski project property owned by Adrian Resources (VSE). The u…
Echo Bay has US$32 m loss despite cost improvements
Echo Bay reported a net loss of US$32 million or 32 cents per share for the nine months ended Sept. 30 compared with earnings of $27.2 million or 28 cents per share in the same period last year. The c…
Agnico makes find half-mile west of Eagle gold mines
A new discovery located 2,600 ft. west of the Eagle shaft and on claims wholly owned by AgnicoEagle Mines (TSE) has recently been announced by the company. The extensive landholdings in Joutel Twp., Q…
Companies weigh pros, cons of autoclaving, bioleaching
Both processes eliminate toxic gas emissions, convert sulphur as well as arsenic into more stable compounds and discharge them into tailings ponds on site. While autoclaving is generally more expensiv…
Ontario explorationists struggle with new work permit
A multi-use work permit introduced in Ontario some 12 months ago is causing much consternation within the mineral industry. The permit, created under Bill 137 (an Act to Amend the Public Lands Act), g…
Obituaries Bruno Goetting managed Beaverdell
Bruno Goetting, former mine manager of Teck Corp.’s Beaverdell (Highland Bell) mine died recently in Penticton, B.C. He was 68. Born in Germany, Goetting received his early education in Hanover. He st…
NEWS IN BRIEF Curragh Resources
Curragh Resources Inc. (CZP: TSE) has changed its registrar and transfer agent to Royal Trust Co.
American Barrick boosts Horsham
Investments in oil and gold- producing affiliates, including American Barrick Resources (TSE), continue to pay off for Toronto-based Horsham (TSE). Thanks to the strong operating performance of 60% ow…