Noranda deal boosts Hemlo’s growth plans
The recent offer of Noranda Inc. (TSE) to sell to Hemlo Gold Mines (TSE) all of its gold assets in exchange for 8.6 million common shares of Hemlo and about $10 million in royalties, was accepted rece…
News
U.S.REPORT NEWS IN BRIEF Rhodes drops Gold Basin
Murray Pezim, chairman of Consolidated Rhodes Resources (VSE), announced in early June that the company had terminated its option to earn a 50% interest in the Gold Basin gold property in Arizona. Rho…
Vancouver Stock Exchange Pezim making more waves
Drilling programs are just getting started in northwestern British Columbia, and brokers here are hoping for a major, new discovery to generate some excitement on the VSE. Trading activity is in a lul…
Research team applies theory of blasting to mine conditions
Damage to surrounding rock masses caused by development and production blasting in mines is the focus of an investigation by S.P. Singh, associate professor at Laurentian University’s School of Engine…
Montreal Exchange More Cambior drilling
Encouraged by the results from a drilling program at the Sleeping Giant gold property north of Amos, Que., Cambior has approved a further $3.6-million expenditure for underground exploration. The Val …
Costigan deal
Following an agreement between NovaGold Resources (TSE) and Kennecott to explore and develop the Sears Lake and Sewell Brook claims in New Brunswick, Costigan Gold (CDN) has agreed to convert its part…
Cochenour fails feasibility based on current gold price
Operator TVX Gold (TSE) has advised Wilanour Resources (TSE) and Pronto Explorations (TSE) that it “would not be prudent” to bring the old Cochenour mine near Red Lake, Ont., back into production at c…
PEOPLE FORBES RESOURCES
John Pavlovich appointed president and director.
GOLD FUNDS (July 01, 1991)
Gold funds as of June 25 BGR Central Net Value $8.97 $5.30 Price $7.63 $4.900 Discount 14.94% 7.5% Value $53,426,453 …
PEOPLE INTERNATIONAL PLATINUM CORP.
Glen Varty appointed president, chief executive officer and director; Leif Bristow, Elwyn Cathcart and William Bateman appointed directors.
NEWS IN BRIEF Takla Star Resources
This season, Takla Star Resources (ASE) plans to concentrate its efforts on the AOK property near the Mt. Milligan deposit in north-central British Columbia.
Goldnev issues shares for debt
Two recent agreements allowed Goldnev Resources (VSE) to settle debt by issuing shares and thereby eliminate its short-term debt. Goldnev issued Prime Equities (VSE) 477,942 shares in return for the …