PEOPLE — HOMESTAKE MINING (August 29, 1994)
Jack Thompson appointed president and chief operating officer.
News
Control at Imperial changes hands
Control of Imperial Metals (TSE) is now in the hands of Calgary investor N.M. Edwards. Through a private financial corporation, Edwards will buy the 20-million-share block held by a group of five Euro…
THE DIAMOND PAGE — Diamond Fields, partners sign agreement
Few junior companies searching for diamonds outside North America have accomplished as much, within a relatively short time, as Diamond Fields Resources (TSE). The company is headed by Jean-Raymond Bo…
PEOPLE — FARALLON RES. (August 29, 1994)
Robert Hunter appointed director and chairman; Ronald Thiessen and Jeffrey Mason appointed directors.
STOCK MARKETS — Continuing diamond weakness affects western
Investors who had been turned on by diamonds in recent years continued to “tune out and drop out” in droves this past week, as it became more apparent that finding an economic diamond pipe is no easy …
Financing (August 29, 1994)
Cons. Ramrod Gold — 770,000 shs and 770,000 non-transferrable sh purchase wts issuable upon the exercise of 770,000 special wts @ $5.00 per special wt. Lyon Lake Mines — 7.1 million units, with each…
Trillion drilling Zimbabwe deposit
A 50,000-ft. drill program has begun at Trillion Resources’ (TSE) 50%-owned Jena Mines complex in Zimbabwe. The objective is to develop new gold reserves on strike with the currently producing Stump, …
New Damoti zone being drilled
Drilling is under way on a new zone of gold mineralization at the Damoti Lake property north of Yellowknife, N.W.T. Consolidated Ramrod Gold (TSE) holds a 40% interest in the property and is earning a…
September acquires Liberty Bell rights
An exploration program by Hemlo Gold Mines (TSE) will test the overall potential of a land package encompassing the past-producing Liberty Bell gold mine, 80 miles south of Fairbanks, Alaska. Historic…
Crew acquiring tin operation
Control of the owner of the last producing tin mine in Cornwall, England, is passing to Crew Natural Resources (VSE). To acquire a 60% interest in South Crofty, Crew participated in a share offering b…
Gold Funds (August 29, 1994)
BGR Central Net Value $17.10 $6.66 Price $15.63 $7.125 Premium 7.0% Discount 8.65% Value $138,967,000 $128,957,513…
Transpacific options Kirkland Lake claims
Junior Transpacific Resources (TSE) has optioned 61 claims comprising 2,370 acres in the Kirkland Lake-Larder Lake area of northeastern Ontario. The property is known to host seven gold zones, one of …