Greenshield prepares to drill in Labrador
Having completed an airborne magnetic-electromagnetic survey on its Labrador claims, Greenshield Resources (CDN) is carrying out additional geophysical work in preparation for drilling.The company hol…
News
Drilling resumes at the Clinton project
In a move to increase its reserves to at least 5 million tons, New Goldcore Ventures (ME) has resumed drilling on the Clinton copper-zinc project in Quebec.Situated in the Eastern Townships, the prope…
PEOPLE — RIO ALGOM (February 12, 1996)
L. Reinertson to be appointed president and chief exectutive officer.
PEOPLE — PACIFIC AMBER
James Billingsley appointed director.
PEOPLE — NORTHGATE
Terrence Lyons appointed president and chief executive officer.
KWG backs Cuban project of Joutel
Toronto-listed KWG Resources will buy 8 million units of Joutel Resources (TSE) at 40 cents per unit, for proceeds of $3.2 million.Each unit in the private placement consists of one subordinate voting…
PEOPLE — INT’L TME RES.
John Wark appointed vice-president of exploration.
Alta discovers more gold at Kinsley mine in Nevada
Not only has drilling confirmed the existence of more gold at the Kinsley mine of Alta Gold (NASDAQ); the new mineralized system may represent the most significant gold find in eastern Nevada in recen…
PEOPLE — FARALLON RES. (February 12, 1996)
Robert Hunter appointed chairman and director; J. Villagran Ochoa appointed vice-chairman and director; Robert Dickinson appointed chief executive officer and director; David Jennings appointed presid…
Crown takes greater share in Solitario Res.
Toronto-listed Crown Resources has acquired, through a private placement, another piece of Solitario Resources (TSE).Crown paid $3.6 million to buy 1.57 million units of the smaller company at $2.31 p…
GOLD FUNDS (February 12, 1996)
Gold Funds as of Febuary 1, 1996BGRCentralNet Value$21.58$7.06Price$18.75$7.250Discount13.11%2.7%Value$168,715,000$131,219,925…
FINANCING (February 12, 1996)
Cumberland — 2,100,000 shs, each consisting of one Common Sh and one Common Sh Purchase Wt, issuable upon the exercise of previously issued Special Wt @ $2.00 per sh.Kinross Gold — 7,000,000 shs @ $…