Espalau to acquire Bachelor Lake shares
Debt-heavy Bachelor Lake Gold Mines (ME) will be taken over by Espalau (ME). Under an agreement, Espalau will acquire all of the issued and outstanding shares of Bachelor Lake, as well as Bachelor’s o…
News
Rio posts profit for 35th straight year
For the 35th consecutive year, Rio Algom (TSE) has showed its mettle by posting earnings and dividends. Nevertheless, earnings decreased 14%, compared with 1992, while revenues gained 5% for the same …
Lead emissions to drop by 70-80% — Cominco, B.C. government
Base metal producer Cominco (TSE) and the British Columbia government have set the stage for modification and environmental upgrading of the company’s smelter complex at Trail, B.C. Agreements between…
Bethlehem to test Delta-1
Junior Bethlehem Resources (TSE) can earn a half interest in the Delta-1 gold-silver prospect in northern Mexico. Under an agreement with Levelland Energy & Resources (VSE) and Minera Delta, the compa…
Western Quebec completes funding
Financing has been arranged for the purchase of the Eagle River gold project near Wawa, Ont. Western Quebec Mines (TSE), which is acquiring the project from Hemlo Gold Mines (TSE), completed a private…
Glacial study for Sagar project
A study of the quaternary geology of the Sagar-III property, in Quebec’s Labrador Trough area, has met with encouragement. Mineralized boulders previously discovered on the property, owned by Virginia…
Youth group backs mining
Four university students in British Columbia have formed a youth group to promote mining in the province. Law student Lisa Skakun, a founding member of the B.C. Mine Society, said the goal is to creat…
The Diamond Page — SouthernEra increases exposure in Quebec
Junior SouthernEra Resources (TSE) has been busy completing deals to broaden its exposure to diamond plays in both northwestern Quebec and the Northwest Territories. In Quebec’s Le Tac Twp., Ojibway R…
STOCK MARKETS — Bullion holds steady as gold equities slip
Gold bullion prices changed little over the week, slipping a meagre US20 cents to US$376.25 per oz. However, investors caught a case of the jitters as gold continued trading in a narrow range. Most of…
INSIDER TRADING — Officers of Aur Resources sell shares
Three officers of Aur Resources (TSE) sold shares in January and February. According to the Ontario Securities Commission’s OSC Bulletin, director Howard Stockford exercised 100,000 options at $2.90 a…
STOCK MARKETS — Concern over interest rates shakes resource
With gold drifting at the US$378-per-oz. level and major markets shaken over interest rate concerns, the Vancouver Stock Exchange traded lower during the period ended March 8. The VSE resource index s…
Company director fined in accident
A company director, along with the company itself and a supervisor, has been convicted of an offence, the first under Ontario’s revised Occupational Health and Safety Act. The accused pleaded guilty r…