Third parties court Bethlehem
Copper and zinc producer Bethlehem Resources (TSE) recently received proposals for a merger as well as a takeover from two separate groups. Henry Ewanchuk, president of the company, said Bethlehem rec…
1992
McDonald continues Noramco saga by optioning Pickle Crow to
Bruce McDonald has kept a low profile since selling Noramco Mining (TSE) and its portfolio of junior companies to Breakwater Resources (TSE) several years ago. As it turned out, Breakwater had to writ…
Virginia Gold in option deal
An option agreement to earn a 100% interest in the Sagar III property in Quebec’s Labrador Trough has been finalized, Virginia Gold Mines (ME) reports. The junior says the property, 50 sq. km in size,…
NEWS IN BRIEF (June 15, 1992)
Applan Resources Ltd. (APL:VSE) has changed its name to Sultan Minerals Inc. (SUL:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis.
Minnova outlines low-grade deposit at Benoit project
A 24-hole, second-phase program completed on Freewest Resources’ (TSE) Benoit gold property northeast of Rouyn, Que., has yielded a preliminary reserve estimate of 3.3 million tons grading 0.076 oz. g…
Bank calls Curragh’s Westray loan
The Westray coal mine’s fate is now in the hands of the federal government following a recent decision by the Bank of Nova Scotia to call in a $95-million loan to Curragh (TSE). After closing the mine…
INSIDER TRADING (June 15, 1992)
Jascan Resources (TSE) director William Felderhof recently sold a large block of company stock as part of an ongoing effort to sever previous connections with the 49% owned Faraday Resources (TSE) aff…
Silver demand outstrips supply
Demand for silver in 1991 outstripped supply for the second consecutive year, and forecasts for 1992 indicate further widening of this gap, reports The Silver Institute of Washington, D.C., in its Wor…
Bulk sample at Raglan (June 08, 1992)
Activity at the Raglan nickel-copper property in northern Quebec increased dramatically with the decision by Falconbridge last year to proceed with $35 million in advanced exploration and development …
Preferred shareholders halt Eastmaque, Equinox merger
A proposed merger between Equinox Resources (TSE) and Eastmaque Gold Mines (TSE) hit a regulatory snag when the British Columbia Supreme Court recently declined to approve the combination. The two com…
Rayrock plans Marigold drilling
Drilling at the Marigold gold project in Nevada, south of the East Hill deposit, indicates potential for additional heap leach reserves, Rayrock Yellowknife Resources (TSE) reports. The company, which…
Placer Dome’s Pipeline find subject of Gold Fields’ lawsuit
A unit of Placer Dome (TSE) is continuing work on the Pipeline gold deposit in Nevada although Gold Fields Mining recently launched a lawsuit seeking the return of claims believed to contain about 45%…