News

A review of exploration activity in Alaska for 1990 shows spending increased 19% to US$56.7 million from the previous year’s US$47.8 million. Three gold projects near Juneau, all in advanced stages of…

Cindy Stevens appointed a director.

With a reduction of 60% in U.S. zinc smelter capacity during the last 25 years there has been a consolidation in the industry favouring the integrated producer, the enterprise that mines, smelts, refi…

Moraga Resources Ltd. — 1,000,000 units consisting of 1 sh and 1 wt offered @ 74 cents per unit. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 cents per unit.

Darrell Curtis appointed a director succeeding Laurence Sookochoff who resigned.

For the year ended Dec. 31, Brenda recorded a loss of $1.5 million on revenues of $26.8 million. Brenda Mines (TSE) 3 months ended Dec. 31 1990 1989 Revenue $3,810 $11,260 Net earnings (loss) 140 (3,9…

Projected exploration expenditures in Manitoba in 1990 are expected to be slightly lower than the estimated $40 million spent in 1989. Claim staking in 1990 was down 30% as compared with 1989 but more…

Exploration on the King’s Point project, 75 miles south of Deer Lake, Nfld., has yielded disappointing results for Springer Resources (VSE). Although three holes drilled to test geophysical and geoche…

Norris Proskin appointed a director succeeding Rodney Smith.

Toronto-based Minera Rayrock (TSE) says initial capital costs to build a new copper mine at 100% owned Ivan property in Chile are estimated at US$19.5 million, including US$3 million for working capit…

Vancouver-based Longold Resources (VSE) has acquired two properties in Benoit Twp., Que. where several juniors have recently become active following a recent gold discovery by TSE-listed Freewest Reso…

During the report period ended March 19, the price of gold bullion remained in the doldrums at around US$364 per oz., causing several speculative mining stocks to drift lower amid lacklustre trading. …