NO HEADLINE (March 25, 1991)
TEXT: Local mining analysts are not expecting 1991 to be a banner year for exploration in British Columbia. The general economic downturn, the gutted flow-through financing mechanism, bearish equity …
News
Goldex extends gold zone on Val d’Or property
Continuing exploration on the Goldex Extension (GE) zone near Val d’Or, Que., has extended the strike length of gold mineralization on the property by an additional 400 ft. The Goldex Extension projec…
Cassiar miners back at work
A union dispute at the Cassiar mine in northern British Columbia has been resolved by the ratification of a 2-year agreement by the mine’s 330 union employees. The mine is owned and managed by a unit …
NovaGold’s ambitions rely on processing technology
The corporate strategy of NovaGold Resources (TSE), based in Halifax, N.S., is to become a “vertically integrated major mining company,” says company Comptroller Glenn Holmes, and “a world leader in t…
Juniors struggle to raise necessary financing
Junior mining companies in Canada, slowed by a slumping economy, can only look back fondly at the heady days of the late 1980s when financing for exploration programs was readily accessible. Flow-thro…
Denison to reject Hydro price offer
The future of Denison Mines’ (TSE) Elliot Lake, Ont., uranium mine continues to hang in the balance now that the company and Ontario Hydro have failed to agree on a new pricing formula for a long-term…
Vancouver Stock Exchange Resource index in small decline
In a week of backtracking on major markets, the VSE composite index remained virtually unchanged at the 560 level while the resource index shed 7.21 points to finish the period ended March 19 at 5689….
U.S. REPORT Low silver prices bring Callahan loss
Low silver prices are continuing to hurt Callahan Mining (TSE), with both its Galena and Coeur mines in Idaho operating at a loss. The company reported a loss of US$2.5 million for the year ended Dec….
NEWS IN BRIEF Riviera Explorations Ltd.
Riviera Explorations Ltd. (RE:VSE) has changed its transfer agent to Pacific Corporate Trust Co.
GOLD FUNDS (March 18, 1991)
BGR Central Net Value $ 9.20 $ 5.15 Price $ 8.00 $ 4.650 Discount 13.04% 9.7% Value $54,763,943 $78,232,995…
FINANCING (March 18, 1991)
Blue Sun Resources Corporation — 1,000,000 units consisting of 1 sh & 2 wts offered @ 40 cents per unit. Crisan Resources Ltd. — 1,400,000 shs offered @ 55 cents per sh. Pulse Resources Ltd. — 1,25…
Corrections (March 18, 1991)
Estimations of probable and possible reserves at the Moss Lake property, west of Thunder Bay, Ont., stand at 82.2 million tons grading 0.031 oz. per ton. A previous story (T.N.M., Mar. 11/91) containe…