NEWS IN BRIEF Consolidated Gold Hawk
Consolidated Gold Hawk (ASE) has signed a share purchase agreement with CGH (1990) Mineral Exploration Partnership for $600,000 worth of Gold Hawk shares priced at 42 cents per share. Each share is ac…
News
McFinley, contractor settle dispute over Bateman project
Toronto-based McFinley Red Lake Mines (TSE) has removed a major legal impediment to any future development of the company’s Bateman Twp. gold project near Red Lake, Ont. McFinley President William Cum…
VSM, Serem are happy with Orphee zinc zone results
Partners VSM Exploration (TSE) and Serem Quebec say drilling on claims optioned recently from Orphee Resources indicates that copper grades in a new zinc zone increase significantly at depth. VSM and …
Toronto Stock Exchange Indices (December 31, 1990)
Dec.25 Dec.24 Dec.21 Dec.20 Dec. 19 HIGH LOW Composite “300” Holiday N/A N/A 3255.43 3253.74 4009.47 3009.91 Metals & Minerals Holiday N/A N/A 2769.88 2784.22 3453.06 2502.63 Integrated Mines Holiday …
Aurizon Mines offer
Vancouver-based Aurizon Mines (TSE) has made an offer to redeem all of the company’s 5 7/8% Swiss franc convertible bonds totalling 35 million francs ($32.5 million). For each 5,000 franc ($4,643) pri…
Madison seeks joint venture for gold mine
Madison Grant Resources says it is negotiataing with several potential joint venture partners interested in the company’s gold-silver mine near Virginia City, Mont. An independent geological report on…
People NEW KELORE MINES
Peter Bojtos appointed president and director; Jeffrey Snow appointed director; Carl Ashenhurst, Douglas Nicholson, Geoffrey Mitchell and Mervyn Upham resigned.
Commission warns of bogus precious metal, oil and gas ventures
The Saskatchewan Securities Commission is warning the public to be wary of promoters who would capitalize on developments in the Persian Gulf by selling investments in precious metals. Although the re…
Losses mount for Alta
Losses for Alta Gold (NASDAQ) continued for the third quarter ended Sept. 30. The company lost US$369,000 in the quarter, down from the US$1.3 million reported in the third quarter of 1989. The loss f…
People REYMONT GOLD MINES (December 31, 1990)
Michael Callahan, Angus Stewart and Stanley Ford appointed directors succeeding James Brown, Clive Brown and Ivan Christopher; Michael Callahan appointed president and Angus Stewart appointed secretar…
People CROWN RESOURCES
Christopher Herald appointed president.
People PACIFIC GOLD (December 31, 1990)
Dale Scholz appointed chairman of the board and director succeeding W. Danke who resigned; Terry Holland and Norm Tribe appointed directors succeeding G. Carlson and R. Handfield who resigned.