Investment Comment Cambior keeps on growing
Cambior Inc. (TSE) dramatically entered the ranks of Canadian gold producers with the largest-ever initial public offering made in Quebec. The $150-million issue was warmly received late in the summer…
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BHP, Glencairn drilling
BHP Utah Mines is beginning a 4,000-ft drill program on a property held under option from Glencairn Explorations (ASE). Known as the Blue Mountain property, the claims are located west of Kirkland Lak…
Britsh Columbia bans exploration in all parks
In an effort to reduce escalating confrontations over land use in British Columbia, Parks Minister Terry Huberts and Mines Minister Jack Davis formally announced in late December that mineral explorat…
NLX Resources testing Gowganda silver bet
An underground drilling program, currently under way on NLX Resources’ Gowganda, Ont., silver property, continues to yield encouraging assay values. The program, being carried out under the direction …
U.S. REPORT Green Springs project of USMX operating above design
The Green Springs gold mine of USMX Corp. (NASDAQ) in Nevada is operating “above design levels,” Michael Mehrtens, president, confirms in the company’s latest interim report. The mine also generated a…
Canamax reduces debt load to Amax Gold and Nat West
Denver-based Amax Gold has emerged with a larger stake in affiliate Canamax Resources (TSE). Following Canamax’s decision to repay $5 million of an outstanding loan to the Denver company, Amax has inc…
Oscar plans work
Oscar Giroux Resources, a private company, hopes to conduct a $365,000 exploration program on a group of silver prospects in Lorrain Twp., Ont. The claims include six shafts extending to a depth of 20…
Books in Review Fiduciary update
The first Canadian book which attempts to illustrate how the concept of fiduciary duties apply to business and professional relationships is now available. Fiduciary Duties in Canada attempts to provi…
Rea Gold drilling Flap claims
Six holes totalling 4,337 ft were drilled by Rea Gold Corp. (TSE) on its 29,500-acre Flap property located 20 miles west of Kelowna in south-central British Columbia. The company said the initial diam…
Share swap ratio is proposed by Syngold/Int. Thun.
Toronto affiliates Syngold Exploration (TSE) and International Thunderwood Exploration (TSE) have agreed to a share exchange ratio for a proposed amalgamation of the two companies. Pending shareholder…
Sikaman completes NWT drill program
A diamond drill program was completed recently by Sikaman Gold Resources (TSE) on the company’s Kaminak Lake gold property located 160 km southwest of Rankin Inlet in the Northwest Territories. The co…
Jascan, Atlantic each get another $6 million (US)
The final payday came in for partners Jascan Resources (ASE) and Atlantic Goldfields Inc. (COATS). Each company has received $6 million(US) as the final payment from the sale of their interest in the …