NEWS IN BRIEF Waterford explores Storie claims
Based on a recent agreement-in-principle with Tagish Resources, Waterford Resources (VSE) is planning to explore the Storie project in the Eskay Creek region north of Stewart, B.C. Waterford can earn …
News
U.S. REPORT Visible gold at Big Horn
A recent hole drilled by Centurion Gold (NASDAQ) on the Big Horn gold project returned a 27-ft. intersection grading 0.46 oz. gold per ton. Owned 100% by Centurion, the Big Horn property is in the Sa…
Brinco reports loss
Thermal coal producer Consolidated Brinco (TSE) reported a loss of $536,000 for the three months ended March 31, compared with a loss of $185,000 in the same period last year. The company owns and op…
LETTERS TO THE EDITOR New scholarship to honor Charlton
I would like to organize a scholarship honoring the late Freeder (Fred) Charlton for his time and devotion toward excellence in the field of education in the earth sciences. Charlton was a co-founder…
GOLD FUNDS (June 24, 1991)
BGR Central Net Value $8.97 $5.33 Price $7.75 $4.950 Discount 13.60% 7.1% Value $53,423,024 $83,280,285…
Strike ends at Faro lead-zinc mine
The 400 union members employed by Curragh Resources’ (TSE) Faro lead-zinc mine in the Yukon have ratified an agreement to end a 10-week strike at the open pit operation. The 3-year deal includes a wa…
U.S. REPORT Van Stone shows operating profit during startup
The Van Stone zinc-lead mine in northeastern Washington state produced 1,947.4 tons of zinc concentrate and 702.3 tons of lead concentrate from startup in early March to the end of May. Equinox Resour…
NEWS IN BRIEF Cominco sells smelter interest
Base metal giant Cominco (TSE) recently sold its 45% interest in Mitsubishi Cominco Smelting to Japanese firm, Mitsubishi Materials Corp. Mitsubishi Cominco was formed in 1965 with the objective of s…
Cogema options Beekeeper
A recent joint venture agreement allows Cogema Canada to earn a 50.2% interest in Eastfield Resources’ (VSE) Beekeeper property, an early stage copper-gold prospect in north-central British Columbia. …
NEWS IN BRIEF Drill turning on Isle Dieu claims
Partners Northern Abitibi Mining (ASE) and Hixon Gold Resources (VSE) have started drilling on the Isle Dieu property, about 9.3 miles from the Mattagami Lake mill in northern Quebec. The first phase …
NEWS IN BRIEF Australia bans Coronation Hill project
The Australian government has banned development of the Coronation Hill gold project in northern Australia on the basis that it is sacred ground to the traditional aboriginal owners. Work on the proj…
NEWS IN BRIEF Pioneer postpones restructuring vote
A vote on a number of special resolutions relating to the restructuring of Pioneer Metals (TSE) will be postponed until the company can come to an agreement with Chase Manhattan Bank, its major lender…