Long Range busy on Newfoundland claims
After raising $525,000 in its first public share offering, Long Range Resources (ASE) is gearing up to explore several gold properties in Newfoundland this spring. The main focus of this year’s work w…
News
Newfields funding cancelled
A financing plan among Newfields Minerals (TSE), St. Genevieve Resources (TSE), and private investors, involving proceeds of $1.25 million for Newfields, has been cancelled. In addition, the 1- for-4-…
Calpine meeting to be held in April
The future of Calpine Resources (VSE) will be determined April 2, when shareholders of the company and those of Prime Resources (VSE) meet to vote on the proposed merger. Calpine shareholders have bee…
International African joins Kinbauri
An amalgamation agreement between Kinbauri Gold (ASE) and International African Mining, a private company based in Ontario, has recently been announced. The deal is conditional upon shareholder and re…
Alberta Stock Exchange Gallery Gold doubles
The share price of Gallery Gold doubled to 50 cents, up from a low of 24 cents during the week ended March 6. Nearly one million shares changed hands before trading was halted today, March 7, pending …
CoCa gives o.k. to mine Grouse
Less than a year after Denver- based CoCa Mines (TSE) purchased Geodome Resources and its Idaho mining assets, CoCa says it is going ahead with development of the Grouse Creek gold project. Located on…
Pezim convinced of VSE’s place as a much-needed high risk capital
Despite a nasty head cold that seemed to make his normally gruff voice even more gravelly, Murray Pezim, chairman of Prime Resources (VSE), offered The Northern Miner his insights into the future of t…
COATS (over-the-counter) Sindor raises cash
Raising $1.1 million in a public offering of 2.2 million units was Sindor Resources. The company also completed a private placement of $500,000, and traded over one million shares between 47 cents and…
Bonanza Metals buys new project
In an agreement with Charlim Exploration (VSE), Bonanza Metals (ASE) will acquire a 70% interest in a property bordering the Poirer/Joutel mining concession in Quebec. Bonanza paid $50,000 cash and wi…
Volatility of gold price followed with keen interest
The market collapse of October, 1987, followed by a falling price of gold in 1988 and a depressed price for the precious metal for a good part of 1989, had a devastating effect on junior mining compan…
Golden Star offering delayed as Placer drills Guyana zone
Golden Star Resources has decided to wait until partner Placer Dome (TSE) has finalized plans for development of the Omai gold project in Guyana before going ahead with a previously announced public o…
Teck earnings up marginally
Earnings for the year ended Dec. 31 were up over the previous year for Teck (TSE). Net earnings for the period were $106 million on revenues of $414 million versus the previous year’s earnings of $105…