Adrian agreement is terminated
A new development is threatening Adrian Resources’ (VSE) tenuous hold of key ground in the Eskay Creek area north of Stewart, B.C. The company was recently advised that its agreement to earn a 50% int…
News
Access to lands vital to industry’s future
This is the first of a regular monthly column from the British Columbia and Yukon Chamber of Mines The 1990s present a number of challenges for the mineral exploration industry in British Columbia and…
Echo Bay earnings hurt by Muscocho write-down
Reduced annual earnings were reported recently by Echo Bay Mines (TSE) reflecting the impact of lower gold prices and a US$20- million writedown on the company’s investment in Muscocho Explorations (T…
Golden Shield creditors approve GSR proposal
Creditors of bankrupt Golden Shield Resources have approved unanimously a proposal submitted to the bankruptcy trustee whereby the assets of Golden Shield will be purchased by GSR Mining Corp. The pri…
Bodega’s Hyder plans funded by placement
Washington-based company Bodega Ventures (ASE) said it recently completed a private placement subscription with Central Capital for one million Bodega shares at 25cents per share. Central Capital also…
Garnett named MILUS chairman
The new chairman of MILUS, or Mining Industry Land Use Strategy, is J.A. (Jack) Garnett. MILUS is a collective initiative of the Mining Association of Canada, the Prospectors and Developers Associatio…
Kettle River a jewel for Echo Bay, Crown
The Kettle River project is the newest operating mine in Washington State, and owners Echo Bay Mines (TSE) and Crown Resources (VSE) appear to be pleased at how smoothly the operation came on stream. …
Kingswood pulls good values on Devon bet
Toronto-based Kingswood Resources (ASE) has reported encouraging gold values from two recently completed holes on the Devon property in Beatty Twp., east of Matheson, Ont. Kingswood is earning a 70% i…
Reserve estimate announced for Eskay Creek
A long- awaited independent preliminary calculation of reserves and grade was announced by Calpine Resources (VSE) and equal partner Stikine Resources (TSE) for the 21 zone discovery on the Eskay Cree…
Vancouver Stock Exchange Bulls favor the yellow metal
Despite continued strength in gold bullion prices, the Vancouver Exchange followed the New York and Toronto markets’ general direction, dropping 15.34 points to finish the period ended Feb. 20 at 725….
Gold funds as of Feb. 13
MVP BGR Central Capital Net value $12.72 $6.53 $0.43 Price $11.50 $6.88 $0.40 Discount 9.59% 5.3% 7% Value$75,719,542 $109,925,672 N/A…
Metals News in Brief
World crude steel output rose to a record high of 783.5 million tonnes in 1989, up 0.5% from the previous year, according to preliminary figures released by the International Iron and Steel Institute….