Some points to ponder
I think that overall the Russian gold industry is in serious trouble. It’s obvious the bulk of Russian gold through 1930-1960 came from the placer gold fields of the Soviet Far East and that the sourc…
News
Durga writes off exploration costs
Durga Resources (ASE) has written off $1.9 million in deferred exploration expenditures for the fiscal year ended March 31. More than half of the writeoff expense is attributed to Durga’s gold prospec…
Belmoral gets $2 m refundable credit
Toronto-based Belmoral Mines (TSE) recently received an assessment notice from the Quebec Ministry of Natural Resources relating to provincial mining duties. Belmoral is scheduled to receive a $2.2-mi…
Eastmaque closing tailings project
Eastmaque Gold (TSE) has elected to close its Kirkland Lake, Ont., gold tailings reclamation and recovery project after extracting about 12,500 oz. this year. While the 19,865 oz. recovered from the p…
Montreal Exchange (October 21, 1991)
Investors were in a buying mood during the holiday-shortened week ended Oct. 15, with both the market portfolio and mining and minerals index recording impressive gains. The former jumped by more than…
Morrison selling Aerodat interest
Subject to regulatory and shareholder approval, Morrison Minerals (TSE) plans to sell its shares in Aerodat Ltd., a private company in the airborne geophysical service industry, to Geonex Ltd. Morriso…
Unlisted Trading (October 21, 1991)
Despite a lacklustre market, Black Gregor Explorations’ continuing efforts to enlist major companies as joint venture partners for its properties have sustained investor interest in recent weeks. The …
Rayrock buys 20% of New Canamin
Intrigued by New Canamin Resources’ (VSE) recently acquired copper porphyry plays in central British Columbia, Rayrock Yellowknife Resources (TSE) has purchased, through a private placement, 600,000 s…
Freewest keen on Benoit claims despite dispute
Government bureaucracy and a claims dispute are holding up exploration work on what is probably the best gold discovery in Quebec in the last year, says Mackenzie Watson, president of Freewest Resourc…
Minnova drops Fireweed project
After carrying out about 9,000 ft. of drilling on the Fireweed property near Smithers, B.C., Minnova (TSE) decided to terminate its option to earn a 70% interest in the project from Mansfield Minerals…
NovaGold takes technology risk
Gerry McConnell, president of NovaGold Resources (TSE), firmly believes that the long-term survival of his company depends on a healthy degree of risk. That strategy explains NovaGold’s ambitious fora…
Similco strike over
The recent vote in favor of a new collective agreement ends a 4.5-month strike at the Similco open pit copper mine near Princeton, B.C. The mine is owned by Princeton Mining (TSE). Employees will be r…