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…
1991
Marshall ups stake in Eden Roc to 75%
Marshall Minerals (ASE) recently increased its stake in Eden Roc Minerals by exercising options to acquire an additional 5.92 million Eden Roc (TSE) common shares for an aggregate consideration of $1….
Corona looks at possibility of mining Nfld. gold bets
When it comes to putting gold deposits into production, five are sometimes better than one. At least that’s the theory that Corona (TSE) senior geologist John Thompson is working with as he attempts t…
Dia Met signs deal with Uranerz
A recent agreement with Dia Met Minerals (VSE) will allow Uranerz Exploration and Mining to participate in a diamond exploration program owned 100% by Dia Met within a specific but undisclosed area of…
Queenston and Strike cut four sulphide zones
The fifth hole of a 5-hole program at the Robertson base metal property near Matachewan, Ont., has intersected four zones of banded, disseminated to semi-massive sulphide mineralization, including a 1…
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…
FUTURES PRICES (February 25, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb 113.20 110.80 110.80 — 0.20 Mar 112.70 109.70 110.05 + 0.05 Apr 108.50 108.50 108.20 — 0.20 SILVER (in US c…
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…