NEWS IN BRIEF Pacific proposes warrant issue
Pacific Metals (ASE) has proposed a private placement of 1.4 million special warrants at a price of $1 to replace a previously announced common share placement. Each warrant will be exchangeable into…
News
First hole pulls good values from Spectrum project
The first hole of this season’s drilling program on the Spectrum property in northwestern British Columbia returned a number of good gold intersections. Hole 91-63 intersected 176 ft. (from 100 ft. t…
Exploration in Nova Scotia turns to base metals
With new exploration models and technology, the major mining companies are positioning themselves to take an integrated approach to base metals exploration in Nova Scotia. Recent staking indicates ren…
Canmine acquires Mexican silver bet
Toronto-based Canmine Resources (CDN) has agreed to purchase the San Antonio silver property in the province of Chihuahua, Mexico. In exchange for 100,000 common Canmine shares and a 15% net profits r…
Prime moves to acquire Goldnev
Already the owner of 36.7% of the outstanding shares of Goldnev Resources (VSE), Prime Equities (VSE) plans to acquire the balance under a recently announced takeover offer. Prime is offering Goldnev …
On the Level Australia’s Coronation Hill could happen here
Australia even riskier for foreign investment than Ontario? I was shocked to read recently that the government of Australia, a Commonwealth country with many parallels to ours, has ordered a halt to a…
Vancouver Stock Exchange Financing boosts Fairfield
A review of trading activity for the first half of 1991 shows a distinct drop compared with the same period last year. Daily volume during the first half fell by more than 14%, with daily value decrea…
Miners fight Newfoundland parks
Newfoundland’s mining industry is beginning to look askance at the province’s drive to protect more Crown land from mineral and other forms of economic development. The industry is afraid the provinc…
Output up, costs down at Canada’s top gold mines – Macassa now in
Cumulative gold production from Canada’s 12 largest gold mines jumped almost 8% to 2.7 million oz. in 1990. Once again, Ontario’s Hemlo area gold mines took the spotlight, churning out over 1.3 mill…
PROFILE Peter Bojtos expands RFC’s Pend Oreille
Situated in northeastern Washington State is the Pend Oreille property, whose Yellowhead zone recently yielded encouraging results. Halfway through the current drill program, RFC Resource Finance, 44%…
O&C sells assets, buys back shares
Planning to diversify its activities in North America, Osborne & Chappel Goldfields (TSE) has agreed to sell half of its 50% interest in the Los Lilenes SA group of Panama to its major shareholder, Od…
Unlisted Trading Horne moves on slag
Horne had been negotiating with a U.S. partner for a 50% interest in the project for which leaching, the company said, may be the preferred method for metal extraction. That partner, Horne said, has a…