Where would you rather have your gold mine?
Where would you rather have your gold mine? The U.S. or Canada? Exploration potential, cost of exploration and development, and generally shareholder reward continue to favor the U.S. over Canada. A c…
News
Vancouver Stock Exchange Goldbelt plans exploration work
The VSE resource and composite indices remained little changed over the week ended April 9. The resource index posted a 4-point drop to 570.34 while the composite index remained virtually unchanged at…
High interest rates, low prices make 1990 `a disappointing year”
Any way you look at it, the year 1990 will not be remembered fondly by many Canadian mining companies that have seen their profits plunge in the wake of falling metal prices, high interest rates and r…
WAMIC plans fiesta day
The Women’s Association of the Mining Industry of Canada (WAMIC) will present its “South of the Border Fiesta” at Sheehan’s farm at Caledon East (northeast of Toronto) on Sept. 7 between 11 a.m. and 6…
Samatosum drilling extends new zone
Underground drilling at the Samatosum mine near Kamloops, B.C., has extended the strike length of the new zone of mineralization to about 50 metres in total. The Samatosum mine is owned 70% by Minnova…
BP,Lysander to resume drilling on Cat property
A work program operated by BP Resources Canada (TSE) will begin next month to test a sulphide system with associated copper, gold and arsenic defined on the Cat property last year. The property is nor…
Euros, Thios come up with Rock & Roll reserve figure
A preliminary reserve estimate was released by Eurus Resource (VSE) and Thios Resources (VSE) for their joint venture Rock & Roll property in the Iskut River region of northwestern British Columbia. T…
NEWS IN BRIEF Billikin Resources Ltd.
Billikin Resources Ltd. (BIL:VSE) has changed its name to Cora Resources Ltd. with a consolidation of capital on a 1-new-for-4-old share basis. The transfer agent is Montreal Trust.
Wye plans to drill Saganaga Lake
Wye Resources (CDN) plans to begin a 5-hole program on its Saganaga Lake gold property, 75 miles southwest of Thunder Bay, Ont., as soon as the snow melts. Saganaga Lake, which straddles the Ontario-M…
Bull Run Gold Report
For the fourth quarter ended Dec. 31, 1990, Bull Run Gold Mines (NASDAQ) reported earnings of US$3.6 million compared with a fourth-quarter loss of US$224,000 in 1989. The results included earnings of…
U.S. REPORT Kalahari acquires land position near Homestake gold
A geophysical program is under way on a large land position recently acquired by Kalahari Resources (VSE) about 35 miles southeast of the famous Homestake gold mine near Lead, South Dakota. Kalahari h…
QPX backs Rea Gold offer
The board of directors of QPX Minerals (TSE) is recommending shareholders accept a recent offer by Rea Gold (TSE) to purchase any and all outstanding QPX shares. Rea Gold offered one Rea Gold common s…