News in Brief (August 28, 1989)

Dungannon Explorations and Jamex Resources have amalgamated to form Claddagh Gold Ltd. (CDG:VSE), each on a share-for- share basis.

Skyhigh Resources has changed its name to MIU Industries Ltd. (MIZ:VSE) on a share-for-share basis. Transfer agent is Central Guaranty Trust Co.

Trans International Gold Corp. (TNI:VSE) has changed its transfer agent to Central Guaranty Trust.

Mt. Calvery Resources has changed its name to Triumph Resources Ltd. (TUM:VSE) on a 1-new-for-4-old share basis. Transfer agent is Central Guaranty Trust Co.

Diamond Resources has changed its name to Diamond International Industries Inc. (DMD:VSE) on a share-for-share basis. Transfer agent is Montreal Trust Co. of Canada.

Bond International Gold (NYSE) of Denver has agreed to sell its Australian subsidiary, Bond Gold Australia Pty. Ltd. for $64 million to Australia’s Poseidon Ltd. Bond says that its gold output will drop by 55,000 oz as a result of the sale.

New Impact Resources has changed its name to Consolidated Impact Resources Inc. (CIP:VSE) on a 1-new-for-2.5-old share basis. Transfer agent is Montreal Trust Co. of Canada.

Oscar Resources which has been under a cease trading order issued Feb. 1988, and rescinded July 17, 1989, has changed its name to Overture Ventures Ltd. (OVT:VSE) on a 1-new-for-2.5-old share basis. Transfer agent is Montreal Trust Co. of Canada.

Kenar Resources (KNA:VSE) has changed its transfer agent to Royal Trust.

TAB Ventures Corp. has changed its name to Nu-Sky Exploration Inc. (NSY:VSE) on a share-for-share basis. Transfer agent is Montreal Trust Company of Canada.

Agip Australia, the local subsidiary of the Italian resources group, is planning to develop a small nickel-copper deposit in West Australia at an estimated cost of $30 million. The deposit, known as Radio Hill, is about 30 km south of Karratha. It is a plunging massive sulphide orebody with proven reserves of just over a million tonnes grading 2.2% nickel and 1.7% copper. Development will take about a year and a half. Annual production is estimated at 7,500 tonnes of nickel, 6,000 tonnes of copper, with significant byproduct credits in gold, silver, and palladium.

Robert Mines has amalgamated into Edinov Technologies (ETI:VSE) on the basis of 1-new-for-4-old shares. Transfer agent is Pacific Corporate Services.

Continental Gold Corp. (VSE) is encouraged by the results of a recently completed induced polarization survey to the south and west of its Mt. Milligan copper-gold deposit in British Columbia.

The survey delineated an extensive, oval-shaped sulphide system that stretches over 4 sq miles and is open to the west. Continental has begun exploratory drilling.

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