Placer Dome drops Windy property
Junior Big Bar Gold (VSE) is without a mineral property now that Placer Dome (TSE) has terminated an agreement allowing Big Bar to acquire an interest in the Windy property in north-central British Co…
News
IOCC GOLD OPTIONS (June 10, 1991)
The New York closing gold price was $362.50 per oz. Last qu for gold options traded in Montreal and Vancouver as provided at th trading each Tuesday by the Montreal Exchange. Only the eight most an…
GOLD FUNDS (June 10, 1991)
BGR Central Net Value $8.74 $5.12 Price $7.50 $4.700 Discount 14.19% 8.2% Value $52,026,371 $79,074,210…
Ontario’s new Act sparks concern for survival
Under discussion for years, amendments to Ontario’s Mining Act known as Bill 71 were passed by the legislature Dec. 6, 1990, and became effective June 3 this year. Some of the changes it calls for wer…
Lenora considers Mexico for potential exploration work
With cash in its treasury, Greater Lenora Resources (TSE) is looking for development from its Canadian property interests in Quebec, Ontario, Saskatchewan and the Yukon, and is even looking to Mexico …
U.S. REPORT Bull Run sitting on cash
With about US$5.6 million in cash and no debt, Bull Run Gold Mines (NASDAQ) is searching for investment opportunities in the resource field. The company sold its 40% interest in the Big Springs gold m…
PDAC Perspectives Quebec takes steps to help juniors, prospectors
Over the past few months, the Quebec government has announced various measures to soften the blow for junior mining companies and prospectors in the province and to help sustain them through economic …
Akiko negotiating joint venture
If all goes as planned, Akiko-Lori Gold Resources (VSE) and three associated companies expect to announce shortly the formation of a Canadian joint venture with Gold Fields Canadian Mining. Akiko-Lori…
Santa Rosa may start in early ’92
A 10,500-metre (34,450-ft.) drilling program recently completed at the Santa Rosa project has confirmed previous owner Freeport McMoRan’s work. Now jointly owned by Greenstone Resources (TSE) and Boli…
U.S. REPORT Inco approves funds for Ester Dome
An American unit of Inco (TSE) has approved a US$1.15-million budget for ongoing work on the Ester Dome property owned by Silverado Mines (VSE). The property is near Fairbanks, Alaska. Inco has alrea…
Inco workers accept contract
Employees at Inco’s (TSE) Sudbury, Ont., nickel operations recently voted to accept a new 3-year wage contract which provides for a wage increase, including cost of living allowances and nickel price …
U.S. REPORT Noranda extends zone at New World
Recent drilling by a unit of Noranda (TSE) on the New World property in Montana encountered gold-silver-copper mineralization in the Homestake Breccia deposit at deeper levels than encountered by prev…