VSM/Serem, Dundee in property deal
A letter of intent has been signed between Dundee-Palliser Resources (TSE) and exploration partners VSM Exploration (ME) and Serem-Quebec which will allow VSM/Serem to earn a 50% interest in Dundee’s …
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PGE, Noranda agree to explore property
Exploration will get under way this summer on PGE Resource’s (ASE) 115-claim property near Mechanic Settlement, N.B., following a joint venture agreement with Noranda Exploration, a unit of Noranda (T…
Aurizon acquiring additional claims
An option to purchase a 100% interest in claims adjacent to the Sleeping Giant gold mine north of Amos, Que., has been acquired by Aurizon Mines (TSE) from George Venne of Val d’Or, Que. The claims li…
Avondale to drill Inel claims
Exploration activity is heating up in the Iskut River district of northwestern British Columbia, particularly now that road access seems a certainty in 1991. Iskut pioneer Gulf International Minerals …
Uranium price rise first in three years
The spot price of uranium underwent its first increase in three years in May when the range for bids and offers stood at US$8.90-9.35 per lb. U/c3h/O/c8h/, NUKEM reports. The company, which provides n…
International Platinum seeks $5 million to fund exploration
When International Platinum (TSE) President John Hansuld goes to the risk capital markets in New York and London this year, he hopes to come away with more than $5 million. “Our priority is to maintai…
Equity questions mine closure cost estimates
The British Columbia government and Equity Silver Mines (TSE) are still discussing the amount of a reclamation bond for Equity Silver’s mine near Houston, B.C., slated to close in late 1992. Equity Si…
Pezim and associates take centre stage at hearings
With television cameras rolling and flashbulbs popping, mining promoter Murray Pezim and associates John Ivany and Lawrence Page appeared in front of the British Columbia Securities Commission on July…
Mining Hall of Fame grew from an off-the-cuff remark
Back in December, 1987, I received a call from Ray Goldie, vice-president and mining analyst at Richardson Greenshields, who headed the Toronto Geological Discussion Group. Would I address their annua…
Alberta Stock Exchange Durvada gold discovery
Continuing weakness in the price of bullion which has recently been hovering around US$354 an oz. was reflected by lacklustre trading in gold stocks during the week ended July 10. Shares of Durvada Re…
Frame suffers riding mishap as Mt. Hundere plan awaited
Injuries suffered by Curragh Resources (TSE) Chairman Clifford Frame in a riding accident at his farm in Uxbridge, Ont., couldn’t have come at a worse time for Curragh and its joint venture partner Hi…
U.S.REPORT Fairbanks outlining large gold system on Fort Knox
Encouraged by results from this year’s drill program, Fairbanks Gold (VSE) is optimistic of a significant increase in the size and extent of the Fort Knox “porphyry” gold discovery near Fairbanks, Ala…