Crude, partners up Moss Lake reserves
Partners Central Crude (TSE), Tandem Resources (TSE) and Storimin Exploration (ASE) have announced a substantial increase in reserves at the Moss Lake gold project, about 50 miles west of Thunder Bay,…
News
Alcan earnings tumble in 1990
Fourth-quarter net income picked up for Alcan Aluminum (TSE) but the Montreal-based aluminum producer saw its overall earnings dip in 1990 to US$543 million from US$835 million for the previous year o…
Denison unable to redeem its shares
Toronto-based uranium producer Denison Mines (TSE) has announced that it doesn’t have enough cash to redeem any of its 7-million series B preferred shares on March 15. Bill James, appointed president …
Hounded by shortsellers, Chase offers legal opinions to dispel
Recent trading activity in Chase Resources (VSE) suggests shortsellers have been betting the company will fall from grace over its promotion of a copper-gold property in the Philippines. Late last yea…
Publishing date changed for U.S. mines handbook
The American Mines Handbook, a compendium of mining companies active in the U.S. and other related information which is printed annually by Southam Business Communications Inc., is changing its publis…
Dayton raises $3 million for Chilean Andacollo gold project
Vancouver-based Dayton Developments (TSE) has successfully completed a private placement of convertible subordinate notes for net proceeds of $3,023,000. Proceeds from the placement will be used to co…
NEWS IN BRIEF Kewagama Gold Mines
Kewagama Gold Mines (Quebec) (ME) recently concluded a financing agreement (subject to regulatory approval) whereby a private investor will fund $150,000 worth of exploration work in return for 500,00…
NEWS IN BRIEF Mariner Exploration Inc. Mariner Explorations Inc.
Greyhound Communications Ltd. has changed its name to Eastmin Resources Inc. (ERA:VSE) with no consolidation of capital.
NEWS IN BRIEF Quartz Mountain Gold
Shareholders of Quartz Mountain Gold (TSE) will vote Jan. 30 on a proposed 1-for-5-share consolidation. Should the consolidation be given the green light, regulatory approval will be required.
U.S. REPORT New filing rules
Effective Jan 1., unless mining claim documents are accompanied by filing fees, the U.S. Bureau of Land Management (BLM) will refuse to file the documents. The rejected documents will no longer be dat…
GOLD FUNDS (January 21, 1991)
BGR Central Net value $9.66 $5.44 Price $8.38 $4.950 Discount 13.25% 9.0% Value $57,543,958 $83,280,285…
Newfoundland doubles tax on claims
Newfoundland has doubled its tax on mineral holdings to encourage exploration on land not being worked. Beginning this month, the province is charging groundholders an impost of $6 per hectare, up fro…