Aranlee cuts Fire Mountain deal
A recently completed deal with Plaskey Development Enterprises gives Aranlee Resources (VSE) the right to earn up to an 80% interest in the Fire Mountain property in the New Westminster Mining Divisio…
News
Drilling at Holloway indicates zone tapers off down plunge
The latest results from the Holloway project indicate that the Lightning zone, which has been characterized by consistently strong widths and grades since its discovery in 1989, may be coming to a dra…
World’s biggest gold miner in the making — Barrick, Newmont talk
American Barrick Resources (TSE) and Newmont Mining (NYSE) are discussing the possibility of marrying their vast gold producing assets into a single entity that analysts say will be the world’s larges…
Silverside set to change name
Shareholders of Silverside Resources (TSE) voted recently in Toronto at the annual meeting in favor of a share consolidation and a name change. The company, which currently has about 10.9 million com…
U.S. REPORT Payment keeps Crown in black
A final payment of US$5 million to Crown Resources (VSE) in January helped push the company’s 1991 first-quarter earnings to US$2.1 million. The results compare with earnings of US$3.3 million in the…
Goodman boosts Prime ownership
Toronto-based Ned Goodman reported boosting his ownership by 2.3% in Prime Resources Group (VSE), the operator of the Eskay Creek gold exploration project in northwestern British Columbia. Goodman sai…
Gold Commissioner rules on claims
British Columbia’s chief gold commissioner recently ordered that Eurus Resource (VSE) apply for abandonment and relocation of the PI and Delta claims within 30 days of the removal of the staking freez…
Greenstone’s Oronorte on target
The Oronorte property, wholly owned by Greenstone Resources (TSE), an underground gold mining operation about 96 miles in a direct line north-northeast from here, went into production in November, 199…
EDITORIAL PAGE Juniors adapting to new rules
Could things be any worse for junior mining companies? These have to be some of the darkest days anyone in the industry has witnessed. Seldom has there been so little interest in the mineral explorati…
Inco, Vior boost tonnage on Douay venture’s West zone
A new preliminary reserve estimate of 643,000 tons grading 0.29 oz. gold per ton for the West zone of the Douay joint venture gold project in northwestern Quebec has been announced by Inco (TSE) and S…
PEOPLE JORDEX RESOURCES
David DeWitt appointed director.
Glamis ups debenture issue to raise US$4 million more
The successful completion of a private placement of debentures by Glamis Gold (TSE) prompted the company to increase the size of the issue to US$12 million from a minimum of US$8 million. The placemen…