NEWS IN BRIEF (November 22, 1993)
CanAlaska Resources (CKE:VSE) has changed its name to International CanAlaska Resources (ICA:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. RM Trust Co. is the transfer agent.
News
LAST BUT NOT LEAST…Suit muddies water in Whitewood Creek
A unit of Goldstake Explorations (TSE) is suing Homestake Mining (NYSE) and its wholly owned subsidiary, Whitewood Development. Goldstake launched the action in the U.S. District Court for Colorado. I…
Rio Algom releases assays from Lockwood joint venture
Drilling on the Lockwood property near Everett, Wash., has returned semi-massive-to-massive sulphide intersections in four of five holes. The property is owned 65% by Island-Arc Resources (VSE) and 35…
NEWS ROUNDUP — Spruce Ridge to drill Madoc property
A second phase of drilling will be carried out in early December on the Cooper Gold property, near Madoc, Ont. Drilling to date has outlined a gold zone containing 41,193 tons grading 0.24 oz. gold pe…
PEOPLE — TAURUS EXPLORATIONS
Stuart Rogers appointed director. N5…
Gold expert predicts fundamentally strong, volatile market
Until late last year, gold was even less popular as a speculative trading commodity than pork bellies, live hogs or even lumber. “The price was going nowhere,” says author and gold market expert Timot…
NEWS ROUNDUP — Aurizon increases gold production
Aurizon Mines (TSE) has increased output from its Sleeping Giant gold mine in northwestern Quebec. Initial mill throughput was increased to 742 from 317 tons per day. The source of the increase was or…
NEWS ROUNDUP — Caribgold plans warrant issue
Junior Caribgold Resources (CDN) will issue two million special warrants through a syndicate of underwriters including Gordon Capital, Yorkton Securities and Nesbitt Thompson. The price will be $4 per…
EDITORIAL PAGE — It ain’t over till it’s over
Well, well, well. Like Lazarus, Windy Craggy may yet rise from the dead. It seems British Columbia Premier Mike Harcourt and his gang committed a political faux pas in seeking a World Heritage Site de…
Yukon, Alaska in joint effort
Alaska and the Yukon have entered a joint Mineral Development Program. The two jurisdictions will share information pertaining to geology, technology and regulations in an attempt to protect the north…
LETTERS TO THE EDITOR — Directorships for Mulroney draw
Having followed the incredible successes of American Barrick Resources and Horsham Corp. over the years, I have concluded that Chairman Peter Munk was the moving force. At the same time, I was amused …
Sudbury plans mining monument
The Mining Heritage Committee of Sudbury, Ont., is looking for help in the design of a monument to celebrate the region’s spirit of mining. Residents of the community have been invited to submit a con…