PEOPLE — FIRESTEEL
Jeffrey Arnold appointed director.
News
PEOPLE — FIRST INT’L
William Kocken appointed director.
PEOPLE — GOLD RESERVE (February 10, 1997)
James Geyer appointed senior vice-president of mining and technical activities; Richard Kehmeier appointed vice-president of exploration; and Mary Smith appointed vice-president of administration.
PEOPLE — INDOMIN (February 10, 1997)
K. McKechnie appointed chairman and chief executive officer.
Copperstone closes private placement
Copperstone Resources (CPP-V) has closed a private placement of 800,000 special warrants.Proceeds of $680,000 will be used to pay down debt and finance a drill program on the Lucifer concession in the…
Australians buy a big slice of IOCC pie
Australian-listed North has struck a US$230-million deal for a 59.3% stake in Iron Ore Co. of Canada (IOCC), Canada’s largest producer of iron ore.The Melbourne-based company bought a 37.6% interest h…
Royalstar says bye to Tonkin Springs
Royalstar Resources (RYQ-V) is selling its stake in Gold Capital (GOPC-Q) to Globex Mining Enterprises (GMX-T).An agreement, subject to regulatory approval, would see the Vancouver-based junior sell i…
GSC releases new map on CD
The Geological Survey of Canada (GSC) has released an updated map of Canada in both paper and CD-ROM formats.Compliled from published and unpublished materials of the GSC and other sources, the map re…
Strong dollar behind gold’s slide
Gold prices continued their slow decline in early February.The London afternoon fix was US$343.40 per oz. on Feb. 5, down $7.70 from the previous Wednesday’s close, and down a stinging $26 from Dec. 2…
Sutton boosts Bulyanhulu resource
With preliminary estimates suggesting the Bulyanhulu gold deposit in northwestern Tanzania could contain up to 5 million oz., the directors of Sutton Resources (STT-V) have adopted a shareholder right…
Correction (February 10, 1997)
At the Camsell Lake project in the Northwest Territories, a total of 143 diamonds, including 33 macros, was recovered from 34.05 kg of boulder material sampled from two sites. Incorrect information ap…
Development work halted at Komis gold mine
The recent slump in gold prices has led to a decision to curtail development work at the Komis gold mine in Saskatchewan.Waddy Lake Resources, a wholly owned subsidiary of Golden Rule Resources (GNU-T…