Willingdon hits thin, rich zone at Kenora
A 2,216-ft. drilling program on Willingdon Resources’ (COATS) Sioux Narrows property near Kenora, Ont., has intersected the gold-bearing structure in all six holes. Results from the shallow, narrow zo…
1991
Placer drops option on Sask. gold bets
Vancouver-based Placer Dome (TSE) has dropped an option to earn in on two gold properties near Claude Resources’ (TSE) Seabee property in Saskatchewan. Placer Dome will not be continuing an option on …
Good results at David/Lew
Drilling on the David/Lew project near Cranbrook, B.C., continues to return good gold values with the best hole, 90-43, intersecting 36 ft. grading 0.37 oz. gold per ton. The project is a 50-50 joint …
Editorial Helping the USSR
The Soviet Union is going to need a lot of help from the West if it plans to continue the reform of its economy. There are, for example, a number of Canadian mining and consulting companies eager to l…
Hecla, CoCa approve merger plans
The boards of Hecla Mining (NYSE) and CoCa Mines (NASDAQ) unanimously approved a definitive merger agreement that will result in CoCa becoming a wholly owned subsidiary of Hecla. The companies hope to…
Madeleine faces environmental charges
Toronto-based Madeleine Mines (TSE) and company President J. Patrick Sheridan were recently charged with six counts of violating Ontario’s environment laws. The charges were laid February 14 following…
INSIDER TRADING (February 25, 1991)
Two of Glamis Gold’s (TSE) senior executives recently took the opportunity to cash in on the company’s success. According to the Ontario Securities Commission’s OSC Bulletin, James Billingsley, Glamis…
Montreal Exchange Hot Freewest find
Drilling of Freewest Resources’ Benoit Twp. property near Miquelon in northwestern Quebec continued to return wide widths, the company reported. For the week ended Feb. 19, shares of the junior rose t…
Falconbridge options California gold mine
A wholly owned subsidiary of Falconbridge Gold (TSE) recently paid American Gold Resources US$625,000 for an option to purchase a 50% interest in the Royal Mountain King mine in Calaveras Cty., Calif….
Alberta Stock Exchange Golconda active (February 25, 1991)
During the report period ended Feb. 19, Goldconda Resources traded 530,100 shares to close up 24 cents at 45 cents. Earlier this month, the company acquired an option to earn a 100% interest in an Ore…
News In Brief Carnes Creek Exploration
Carnes Creek Expl. Ltd. has changed its name to Marathon Telecom Corp. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
Akiko-Lori drops bid for Bradner
Rather than pursue a hostil takeover, Akiko-Lori Gold Resources (VSE) has agreed to withdraw its recent offer to acquire Bradner Resources (VSE). Bradner’s board of directors refected Akiko-Lori’s pro…