NEWS IN BRIEF (May 09, 1994)
Consolidated Keld’or Resources (CKD:VSE) has changed its name to CKD Ventures on a 1-new-for-5-old-share basis.
1994
Louvicourt numbers differ Teck aims to boost reserve
The three partners in the Louvicourt base metal project in northwestern Quebec do not appear to be in complete agreement as to the size of current reserves. Preliminary reserves at the project, set to…
Adrian to spin off Eskay Creek interest
TSE-listed Adrian Resources has retained Yorkton Securities to arrange the sale of its interest in the Eskay Creek gold project north of Stewart, B.C. As a result of a staking gap, Adrian holds a port…
New Canamin advances Huckleberry to feasibility
Junior New Canamin Resources (VSE) has contracted Kilborn Engineering to carry out a feasibility study of its Huckleberry property near Kemano, B.C. The company is in the midst of a 12,000-metre infil…
LAST BUT NOT LEAST — Franz joint-ventures marble play
Two private Alberta companies and Franz Capital (ASE) have formed a joint venture to bring into production the latter’s Kingfisher marble deposit near Enderby, B.C. Kingfisher has drill-indicated rese…
Metal Prices — FREE MARKET (May 09, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date May 3 May 2 April 29 April 28 April 27 Copper 1947-1948 N/A 1936.5-1937.5 1913.5-1914.5 1895.5-1896.5 Lead 457-458 N/A 454-455 452.5-453…
Panamanian park shows Adrian’s environmental commitment
Adrian Resources (TSE) and its largest shareholder, Min- America, recently joined Panamanian dignitaries to inaugurate El Cope Park, situated next door to Adrian’s Petaquilla property. The dedication …
NEWS ROUNDUP — Dual sells Carmen mine to Greenstone
Vancouver-listed Dual Resources, a subsidiary of Serengeti Diamonds (VSE), is selling Sociedad Ordinarie de Minas Carmen to the Colombian-based subsidiary of Greenstone Resources (TSE). Sociedad owns …
NEWS ROUNDUP — Pegasus drops stake in Talapoosa play
The Talapoosa gold-silver project in Lyon Cty., Nev., is now wholly owned by Athena Gold (VSE) following termination of the company’s joint venture with Pegasus Gold (TSE). The termination follows the…
Echo Bay pins hopes on Alaskan growth
Denver-based Echo Bay Mines (TSE) has cited three objectives — exploration, acquisition and development of its two major Alaskan projects — as being key to corporate growth. The two Alaskan properti…
Black Swan looks to SW Ecuador
Under an agreement with Minera Australiana Cia, Toronto-listed Black Swan Gold Mines can acquire a half interest in the Zaruma property in southwestern Ecuador. Between 1892 and 1950, South American D…
Jordex to issue special warrants
Vancouver-based Jordex Resources (TSE) has set the terms of a private placement of 4 million special warrants at $1.30 each. Each special warrant will entitle the holder to acquire one unit consisting…