Gold funds (August 05, 1991)
BGR Central Net Value $9.12 $5.18 Price $8.375 $5.000 Discount 8.13% 3.5% Value $54,278,513 $84,121,500…
News
Haileybury hosts workshop
The eighth annual geophysics workshop, chaired by Peter Hood of Geological Survey of Canada, was recently held at the Haileybury School of Mines. At the workshop, speakers addressed issues that involv…
Financing (August 05, 1991)
Fairfield Minerals Ltd – 500,000 units consisting of 1 sh and 1 wt offered @ $1.16 per unit. North Slope Minerals Inc. – 1,200,000 shs offered @ 25 per sh. Avril Explorations Inc. – 500,000 shs offere…
Snip bucks trend, trouble-free start beats expectations
The Canadian mining industry has suffered a few black eyes in the past several years because a number of high-profile projects failed to live up to expectations and were either written down in value o…
Cheni slips into red
A drop in head grades at the Lawyers mine in north-central British Columbia pushed first-half results into the red for mine owner, Cheni Gold Mines (TSE). The company reported a loss of $1.7 million f…
Renabie first to test Ontario’s new closure rules
Ontario’s first postwar gold mine, the Renabie mine about 200 km west of Timmins, Ont., is about to register another milestone — the first mine closed under the province’s new rules of the revised pr…
Minnova, Rea go underground at Samatosum
Underground mine development is scheduled to begin shortly at the Samatosum mine near Adams Lake, B.C. The mine is 70% owned by Minnova (TSE) and 30% owned by Rea Gold (TSE) which also holds a 5% net …
Trimin ready to back Rea with $6.5-million investment
If a recently announced deal is completed, Rea Gold (TSE) could receive up to $6.15 million in financing from Trimin Resources (TSE). Under the agreement, a wholly owned subsidiary of Trimin will buy …
Drilling continues on SIB claims
More assay results were released by equal partners Silver Butte Resources (VSE) and American Fibre (VSE) from ongoing drilling on the SIB claims in the Eskay Creek region north of Stewart, B.C. The cl…
Vancouver Stock Exchange (August 05, 1991)
The VSE managed to reverse its prolonged downward trend during the period ended July 30. The composite index added 6.36 points to finish at 562.32, and the resource index followed suit with a 5-point …
South Atlantic arranges funding
A recently arranged private placement of 538,462 shares at the price of 65 cents per share will net South Atlantic Ventures (VSE) about $336,000 after commissions. The placement was purchased by Westm…
INSIDER TRADING (August 05, 1991)
Ivanhoe Capital, a holding company controlled by Vancouver promoter Robert Friedland, recently sold a significant portion of its Fairbanks Gold (VSE) shares. Last month, Ivanhoe, which owns approximat…