NEWS ROUNDUP — SAGC raises funds for Chile
Bermuda-based junior South American Gold & Copper (TSE) has completed a private placement of 5.1 million shares at US80 cents per share.The US$4 million in proceeds will be used to explore and develop…
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NEWS ROUNDUP — Gold City funds work at WelBar
Junior Gold City Mining (VSE) is financing further exploration work on its WelBar Gold project in central British Columbia.The company raised more than $335,000 through a private placement of units pr…
MOST ACTIVE ISSUES, 1995
Volume(000s)HighLowCloseChange Placer Dome T218172$402533+2 5/8Barrick Gold T211403$3827 1/436+4 5/8Inco Ltd T175593$51 5/831 7/845 1/8+5TVX Gold Inc T156951$11 3/88 …
Minorca drilling Rodeo Creek gold property
Drills are turning at Montreal-listed Minorca Resources’ Rodeo Creek property in Nevada’s Carlin trend.The main target of the 4,000-ft. program is a fault structure which crosses a well-known gold fee…
PEOPLE — BRITANNIA GOLD — George Poling appointed director; William Murray appointed vice-president of operations; John Nilsson appointed vice-president of mining; Terry O’Kane appointed vice-president of technical services; and David Horst appointed vice-president of government affairs.
PEOPLE — ECUADORIAN — Robert Henseler appointed director.
PEOPLE — INDOMIN — Kenneth McKechnie appointed president and director; Lee Spencer appointed senior vice-president, exploration, and director; Paul Loudon appointed vice-president, corporate development; N. Newson appointed vice-president, exploration (Canada); John York appointed vice-president, finance; and James Harris appointed director.
PEOPLE — PRIME EQUITIES — Leslie MacConnell and Joseph Wolberg appointed directors.
PEOPLE — SAN FERNANDO — John Brown appointed director and president.
OBC shows low-grade potential
The results of sampling at the OBC property in northern Quebec, owned by Band-Ore Resources (CDN) and under option to First Western Minerals (VSE), show low copper and nickel grades. Both companies se…
Reserves boosted at Palmarito
Great Lakes Minerals (TSE) has increased reserves at the Palmarito silver-gold project in Mexico’s Sinaloa state.A 51-hole program expanded reserves by 45%, to 3.4 million tonnes grading 141 grams sil…
Petro Plus builds new team, eyes gold and diamond projects
Shares of Petro Plus (ASE) have resumed trading, following submissions to the Alberta Stock Exchange by the company’s new management.The company will continue in its oil and gas business, while, at th…