Pezim financing is unsuccessful
Murray Pezim is looking elsewhere for senior financing for his junior companies after lengthy negotiations with an international major mining company terminated without an agreement. The major, believ…
News
CopperQuest plans 4-hole program for Flin Flon project
CopperQuest (OTC), a junior based in Thunder Bay, Ontario, is planning a 1,200-ft., 4-hole program on the Bear Lake base metal property near Flin Flon, Man. CopperQuest will be testing four electromag…
Vancouver Stock Exchange Prime Equities deal hits snag
Both the VSE composite and resource indices staged rebounds over the week ended March 26. The composite index rose almost 10 points to finish at 570.22, while the resource index edged up 8.66 points t…
Formosa mining at Silver Butte
By late April, Formosa Resources (VSE) expects to achieve its targeted production rate of 400 tons per day at its Formosa-Silver Butte polymetallic mine project near Riddle, Oreg. The company, slightl…
Bre-X drops Arizona gold bet
Tough equity markets have forced Calgary- based Bre-X Minerals (ASE) to drop plans to earn a 55% interest in the United Western mine in Oatman, Ariz. Bre-X could have earned the interest from owner Su…
Amax earning Haile interest
A definitive option and earn-in agreement was signed by Amax Gold (NYSE) and Piedmont Mining (NASDAQ) which will allow an Amax subsidiary to earn an interest in Piedmont’s Haile gold property near Ker…
B.C. can correct harm done by parks decision
Once upon a time, many years ago in a place called British Columbia, when a prospector staked some claims, he knew that if he obeyed the rules and was lucky enough to discover an orebody, he could kee…
PEOPLE KOOTENAY KING RESOURCES
Darrell Curtis appointed a director succeeding Laurence Sookochoff who resigned.
Giant takes $48.5 million writedown
A $48.5-million writedown on the carrying value of its assets resulted in a massive loss for Giant Yellowknife Mines (TSE) last year. For the 12 months ended Dec. 31, the gold producer lost $51.2 mill…
Placer, Major General form joint venture for Yukon work
An agreement-in-principle between Placer Dome (TSE) and Major General Resources (VSE) will provide for the formation of a joint venture to explore an area of about 20,000 sq. km in north-central Yukon…
PEOPLE FLORIN RESOURCES
Philip Speyer appointed president succeeding Logan Anderson who resigned; William Timmins appointed director succeeding Harold Moll who resigned.
Intl. Larder shares
A total of 500,000 shares of International Larder Minerals (TSE) was recently acquired by River Oaks Gold in a private sale transaction. River Oaks, a private company, now owns 2.13 million shares or …