Glencairn Explorations issues rights offering
A rights offering will be offered to shareholders of Glencairn Explorations (ASE) of Toronto. Under the terms of the offering shareholders may subscribe to one common share for each four common shares…
News
New discovery needed to revive intestors’ interest
How the juniors long for 1987. Mid-1987 to be exact. At that time, the gold boom was reaching its peak and junior exploration companies on every Canadian exchange were enjoying an unprecedented period…
Mining industry springs to defence of VSE
The mining industry has rushed to the defence of The Vancouver Stock Exchange and its role of providing risk capital for mineral exploration. Through advertisements appearing in local and national pub…
Coeur d’Alene Mines produces gold too
Traditionally known as a silver mining company, Coeur d’Alene Mines Corp. (AMEX) is increasingly being perceived as a significant gold producer. Dennis Wheeler, president and chief executive officer o…
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In the Yukon, the troubled Ketza River gold mine at Ross River is at the centre of a legal dispute between Canamax Resources (TSE) and Belmoral Mines (TSE). Canamax is suing Belmoral for breach of con…
Hall of Fame nominations
The Canadian Mining Hall of Fame will induct eight new members early in 1990 to join the 12 members selected this year. The new members — four living and four deceased — will be honored at a dinner …
Toronto Stock Exchange Rich copper find sparks buying of Aur,
There’s nothing quite like a hot drill hole to ignite a market stampede. This popular mining adage was reaffirmed this week by the mad rush to get a piece of Aur Resources and Louvem Mining — until j…
Montana boy makes good
From a speech by Frank Duval, President of Montana Reserves Co., at the Montana Mining Association’s centennial convention. Montana mining hit it big in the national press this year. Any of you get …
Hislop gold project encourages Stroud
Deep drilling by partners Stroud Resources (TSE) and Chevron Minerals on the former Gunnar Gold Mines property in Hislop Twp., Ont., has led to a new geological reserve estimate for the Creek zone. St…
Vancouver Stock Exchange Sorry year-end stats for ailing VSE
The VSE released results of its fiscal year ended March 31 which showed a deficiency of revenue over expense of $1.85 million before special items. Even though the Exchange held its position behind Ne…
The highs and lows of bringing on new gold mines (June 19, 1989)
I would like to share some of the lessons that I have learned in bringing on three new gold mines. Many of the observations that I am going to make may be pretty obvious to some of you. However since …
Moneta acquires land
Moneta Porcupine Mines (TSE) has acquired a 100% interest in 20 patented claims in Tisdale and Deloro twps., near Timmins, Ont. The claims, which were purchased for shares, are adjacent to claims held…