Drill results from Myra Falls
Ongoing drilling by Westmin Resources (TSE) at its Myra Falls mine property returned two relatively narrow intersections of massive sulphide mineralization. The company is testing a new high-grade ma…
News
Study suggests overhauling Yukon mining law
Federal Northern Affairs Minister Tom Siddon has accepted a broadly based committee’s suggestions for overhauling legislation governing the Yukon mining industry. But Siddon has given the Yukon Minin…
U.S. REPORT Pegasus to drill Washington bet
Precious metal producer Pegasus Gold (TSE) will complete several thousand feet of drilling on Eagle Lake Explorations’ (ASE) Kelly Hill gold skarn property in Washington, following a joint venture agr…
Name change for La Sarre
Shareholders of Societe d’Exploration Miniere La Sarre (ME) recently voted in favor of a share consolidation and a name change. The company said its shares will be consolidated on the basis of one new…
METAL PRICES PRODUCER PRICES (June 24, 1991)
ALUMINUM: MW U.S. Market US57.50-58.50 cents per lb. (May 30, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CAD…
FINANCING (June 24, 1991)
Barkhor Resources Inc. – 1,000,000 units consisting of 1 sh and 2 wts offered @ 47 cents per unit.
U.S. REPORT Rochester drops South Mercur
In late May, Rochester Minerals (VSE) announced it had relinquished all interest in the South Mercur gold project in Utah. The company said attempts to renegotiate the terms of the agreement with the …
American Bullion (June 24, 1991)
A private placement of 200,000 units at 50 cents each with United Mineral Services will net American Bullion Minerals (VSE) $100,000. United is a private firm wholly owned by Robert Dickinson. The uni…
Pezim group dominant in northwestern B.C. activity
The onset of summer means the start of exploration programs in northwestern British Columbia, and once again Murray Pezim’s stable of juniors appear to be the dominant group active in the region. A dr…
EDITORIAL PAGE Time for a continental nuclear energy policy
The war in the Persian Gulf should have reminded the U.S. just how dependent it is on foreign sources for its energy needs. That, in turn, should make it equally clear how desirable it is to the U.S. …
Corona subject of speculation as takeover rumors continue
The proposed merger between gold mining giants American Barrick and Newmont Mining has some industry analysts predicting further rationalization of the North American gold mining industry. Peter Mille…
NEWS IN BRIEF St Andrew puts Stock mine on hold
Citing the need to cut costs, St Andrew Goldfields (TSE) will suspend underground mining operations at the Stock Township mine just west of Matheson, Ont., for two months. In the meantime, a total of …