NEWS IN BRIEF (September 05, 1994)
Golden Rainbow Resources (GRW:VSE) has changed its name to First Silver Reserve (FSR:VSE) on a share-for-share basis.
News
Metallgesellschaft sells control block of Metall
The parent of Metall Mining (TSE) has sold its 50.1% interest in Metall. Metallgesellschaft AG of Germany sold its holdings for proceeds of about $458 million (40.7 million shares at $11.25 per share)…
New ownership at Geonics
A previous owner of Geonics Ltd. has re-acquired the firm. Duncan McNeill, along with a senior management team at Geonics, bought shares of the company from Swedish Geological AB, which is operated by…
PEOPLE — HOMESTAKE CANADA (September 05, 1994)
Ronald Parker appointed president and chief executive officer.
Loubel drilling Burkina Faso find
Junior Loubel Exploration (ME) is exploring two properties in Burkina Faso, West Africa. The company is completing a 10-hole, 10,000-ft. drilling program on the Tiebele gold property. The first five h…
ODDS’N’SODS — The serendipity deposit (1)
This is the story of the discovery of what was once — under odd circumstances — considered an important ore deposit. Some might say the spooks were at play; other, more religious folk might surmise …
PEOPLE — LAC MINERALS (September 05, 1994)
Peter Steen appointed president and chief executive officer.
PEOPLE — ALCAN
Guy Saint-Pierrre appointed director.
PEOPLE — CROWN RES.
Walter Hunt appointed vice-president of operations.
TSE SHORT POSITIONS (September 05, 1994)
Semi-monthly reports as of Aug 15, 1994 showed 256,689,980 shares of 902 issues compared with 279,336,594 shares of 859 issues on July 31, 1994. Larger individual positions included: Aber 180,300, up …
Tri Origin drills Ontario play
Junior Tri Origin Exploration (TSE) has drilled an 11-hole program totaling 2,500 metres and performed a downhole electromagnetic survey on its Sault gold property, 90 km north of Sault Ste. Marie, On…
METALS PRICES — FREE MARKET (September 05, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Aug.30 Aug.29 Aug.26 Aug.25 Aug.24 Copper 2457.5-2458.5 N/A 2416-2417 2403-2404 2407-2408 Lead 588-589 N/A 575-576 576.5-577.5 576.5-577…