Buchans River buys Okak interest
In exchange for 700,000 shares and 350,000 warrants, Buchans River (BUV-A) will acquire a 15% net carried interest in the Okak property from Castle Rock Exploration (CTP-V). Previous work on the Labra…
News
ODDS ‘N’ SODS/A.E. ALPINE — Blue Quartz reverie
Following the Porcupine gold strike in Ontario in 1911-12, prospectors staked claims all along the Destor-Porcupine fault line in the province’s north.Two prospectors working on a narrow quartz vein n…
Illinois Creek enters preproduction
Dakota Mining (DKT-X) is preparing for an early-June startup at its Illinois Creek gold mine in central Alaska.The company recently mobilized a construction team to the site and will soon begin thawin…
Gold output rises for Glamis
In the first quarter, operations at the Rand and Picacho mines in California enabled Glamis Gold (GLG-T) to boost gold production by 34% over levels achieved in the same period of 1996.The company cra…
PEOPLE — ZEN INT’L
Randall Yip appointed vice-president of finance.
PEOPLE — TULLAREE (May 26, 1997)
Joseph VanBastelaar appointed chairman and chief executive officer; Judith Robinson appointed director.
PEOPLE — TEXAS T (May 26, 1997)
W. Cooper appointed vice-president of corporate finance.
PEOPLE — TERYL RES.
Renlu Wang appointed vice-president of mining prospects for Asia.
PEOPLE — TAKURA
Michael Woods appointed director.
NEWS BRIEF (May 26, 1997)
American Wollastonite Mining (AMW-V) has changed its name to Previa Resources (PIA-V) on a 1-New-for-6.7-old-share basis.
Exall takes writedown
Management of Exall Resources (EXL-T) is taking a $7-Million writedown of two non-performing assets; the Mazaruni alluvial diamond project in Brazil and the Santo Tomas copper-gold project in Mexico.E…
B.C. mining shrouded in uncertainty: study
British Columbia’s mining industry had another profitable year in 1996, though its future may be in jeopardy, according to a study by Price Waterhouse.While the industry recorded a profit for the thir…