News

Activity during the week ended July 16 centred on Quebec’s Abitibi region where 20 analysts were treated to a tour of LAC Minerals’ (TSE) new Bousquet No. 2 gold mine. Among the most active issues thi…

Robert Smith elected chairman.

Exploration results compiled by St. Genevieve Resources (TSE) before it dropped its option on the Wrightbar Mines (ME) property are being examined by a consulting geologist contracted by Aur Resources…

Philip Yee appointed director and corporate secretary succeeding Richard Novia who resigned; Qui Sung Poon appointed director.

Based on a recent letter of intent agreement, a private Alaskan company was granted an exclusive option to buy the Chichagof property and associated mining inventory from current owner, Golden Sitka R…

Golden North Resources (TSE) and Thorco Resources (TSE) have signed a letter of intent to amalgamate with Doelcam Mining, a private Toronto company controlled by metallurgist Dennis McLeod. Should the…

A field crew and diamond drill has been mobilized to the Barb property, a lead-zinc-silver project, 160 km north of Watson Lake, Yukon. Pulse Resources (VSE), a company associated with Prime Equities …

Homestake Mining (NYSE) has contributed an additional $675,000 to its 82.8% owned subsidiary North American Metals (VSE). Homestake has also agreed to defer North American’s remaining 1991 gold delive…

The latest underground drilling at the Paymaster gold project near Timmins, Ont., has returned mixed results for partners American Reserve Mining (ME) and Placer Dome (TSE). Hole 6035 hit a short mine…

Kevin Nephin appointed president and director; Kenneth Shannon and John Millette appointed directors.

Gordon Steene appointed president.

An initial public offering by Cameco (TSE) has closed successfully, raising gross proceeds of $130 million for the uranium producer. About 60% of the 10.4-million share issue was bought by institution…