Nerco employee wins award
An employee of the Nerco Con mine was recently awarded US$5,000 by a unit of Nerco (NYSE) for his efforts in developing pressure oxidation methods for gold extraction and toxic waste treatment at the …
News
Iskut area roadcut reveals ore-grade massive sulphides
Project operator Adrian Resources (VSE) is reporting the discovery of massive sulphide mineralization on the Sky Creek property in the Iskut River region of northwestern British Columbia. Adrian can e…
Gold Funds (July 29, 1991)
BGR Central Net Value $9.63 $5.37 Price $8.38 $5.000 Discount 13.02% 6.9% Value $57,329,720 $84,121,500…
U.S. REPORT (July 29, 1991)
Acting upon the advice of its financial advisers, Fairbanks Gold (VSE) has entered exclusive negotiations with an unnamed major mining company for the purchase of all Fairbanks’ issued shares. Fairban…
PEOPLE (July 29, 1991)
William Meyer appointed director.
Micham returns to Switzerland
After a 4-year pause, International Micham Resources (VSE) (formerly Micham Explorations) is returning to Switzerland to investigate a gold discovery made at Val Plattas in 1987. The exploration work,…
Montreal Exchange (July 29, 1991)
Investors greeted a recent listing by Pegasus Gold with enthusiasm, trading almost 270,000 shares of the Washington-based gold miner during the week ended July 23. Pegasus, which was one of the first …
Spectrum stepout cuts 30-ft. zone with coarse gold
Assay results are expected shortly from a recent hole drilled on the Spectrum property which returned a 15-ft. interval containing coarse-grained visible gold. The current work program is being funded…
Falco Gold closes asset purchase
In exchange for a debt-equity package worth about $11 million, Falconbridge Gold (TSE) has acquired its parent’s African gold assets and has an option to purchase all of Falconbridge’s gold properties…
Drilling starts at Copper Canyon
Before starting follow-up drilling on the Copper Canyon project in northwestern British Columbia, Consolidated Rhodes Resources (VSE) will conduct a $100,000 program of trenching, mapping and addition…
Lower grades slow Inco’s earnings
An 85% drop in second-quarter earnings for nickel giant Inco (TSE) reflects predictions the company made at an analysts’ meeting last November. “They warned us,” says Richardson Greenshield’s Ray Gold…
Arimathaea buys 15% stake in Australian holding company
Toronto-based Arimathaea Resources (TSE) has acquired a 14.74% stake in Mid-East Minerals Ltd. of Western Australia and can increase its interest to 19.9% if the Australian Foreign Investment Review B…