PEOPLE — PANARIM RESOURCES (February 21, 1994)
William Radvak appointed president and director; Rachel Alter appointed director.
1994
PEOPLE — CANMARK INT’L RESOURCES
W. Wellman appointed chairman; Christopher Lee appointed president and chief executive officer; Sabina Boroevich, Leonard Doucette and Jack Basford appointed directors.
PEOPLE — CITY RESOURCES (CANADA)
Ray Soper elected chairman and director; Robin Slaughter appointed director and president; Peter Stokes and Jon Stewart elected directors.
Record monthly trading by ME
The Montreal Exchange set a monthly record in January when $3.8 billion worth of shares changed hands. The general market portfolio index set a new daily record Jan. 19, which was eclipsed Feb. 1 when…
PEOPLE — ATLANTA GOLD (February 21, 1994)
Karl Rollke appointed president.
Summo plans public offering
To demonstrate its confidence in several projects in the western U.S., Summo Minerals has announced plans to make a public offering this spring. The most advanced of its projects is in San Juan Cty., …
Kinross drills new zone at Hoyle Pond
Toronto-listed Kinross Gold may have discovered a significant new zone at its Hoyle Pond mine in Timmins, Ont. Results from the first three holes of a drill program suggest as much. The discovery occu…
CanQuest builds B.C. portfolio
Despite, or perhaps because of, the exodus of numerous companies to offshore destinations, some British Columbia-based juniors have opted to stay put. Consider CanQuest Resource, which is planning a p…
Santa Fe boosts reserves
The proven and probable gold reserves of Santa Fe Pacific (NYSE) jumped 26% during the second half of 1993. The biggest boost was experienced at the Twin Creeks mine near Winnemucca, Nev., mainly in t…
PEOPLE — MONK GOLD & RESOURCES
William Doerfling appointed chief financial officer and director; Victor Retamal Araya appointed vice-president, mining operations for Neuquen province, Argentina.
Barrick’s proposal rejected by Bre-X
A proposal in which American Barrick Resources (TSE) offered to acquire property joint-venture options and an equity stake in Bre-X Minerals (ASE) has been rejected. “We declined Barrick’s offer becau…
NEWS ROUNDUP — Giant Bay drops Montanore
Unable to meet certain conditions of a merger agreement with Montana Reserves, Giant Bay Resources (TSE) has opted to pull out. Montana Reserves holds a 5% net proceeds royalty on the Montanore copper…