Drilling planned for Goldstream play
Two areas of the Goldstream property, near Revelstoke, B.C., will soon be explored. Joint owners Bethlehem Resources (TSE) and Goldnev Resources (VSE) plan to test the grade and thickness of the orebo…
News
LAST BUT NOT LEAST — Blue Hill exploring Fort MacKay
A ground magnetic survey has begun on Blue Hill Capital’s (ASE) Athabasca No. 108 gold project to define possible drill targets. The property, situated near Fort MacKay, Alta., is a crown mining lease…
LAST BUT NOT LEAST — Canarc tops up treasury
The exercise of share purchase warrants gives Canarc Resources (VSE) an additional $7.5 million in working capital, raising to $12.5 million the amount of cash on hand. The company is carrying out a $…
EDITORIAL PAGE — Kudos (yes, kudos) for B.C. government
Over the past year or so, we have bashed the provincial government of British Columbia for some of its incredibly knuckleheaded decisions. The decision, last year, to expropriate the Windy Craggy copp…
Royal Oak: a mining upstart with an appetite for growth
Royal Oak, based in Vancouver, B.C., owns and operates four Canadian gold mines — the Pamour in Timmins, Ont., the Giant and Colomac in the Northwest Territories and Hope Brook in Newfoundland. In 19…
Spot prices at a glance (July 25, 1994)
Week’s Price (US) Change Gold* $386.40 + $1.55 Silver* $ 5.32 + $0.10 Platinum* $413.85 + $6.10 Nickel** $ 2.89 + $0.05 Lead** $ 0.27 $0.00 Copper $ 1.16 + $0.06 Zinc{ $ 0.45 + $0.01 Courtesy of Scoti…
STOCK MARKETS — De Beers-Yamba Lake deal stirs up western
Although strength in bond and currency markets managed to help major eastern indexes, western markets continued to track down over the report period ended July 19. The Vancouver Stock Exchange resourc…
FINANCING (July 25, 1994)
Rio Narcea Gold Mines, Ltd. — 3,850,000 units, each consisting of a common sh & a one-half of one sh purchas wt @ $1.15 per unit. Trader Resource Corp. — 11,997,000 units to be issued on the exercis…
INSIDER TRADING — SW Gold officers exercise options, sell
Two senior officers of Southwestern Gold (TSE) exercised options and sold shares in June. According to the Ontario Securities Commission’s OSC Bulletin, director and senior officer Daniel Innes exerci…
Waddy awaiting sample results
Results of Waddy Lake Resources’ (TSE) evaluation of its Komis deposit at La Ronge, Sask., should be available by the end of July, as sample concentrate undergoes the last phase of testing. The $5.6-m…
Gold City acquiring producer
Concurrent with a change in control, Gold City Resources (ASE) hopes to revive the old Camp McKinney property near Bridesville, B.C. Control of Gold City recently changed to John Chapman, Mel Smale an…
COMMENTARY — Making Brunswick more competitive
— From a speech by John Carrington, outgoing president of Brunswick Mining and Smelting, at the company’s annual meeting: By many standards, Brunswick Mining and Smelting is straightforward and uncom…