Jascan option deal
Jascan Resources (TSE) has optioned its Dawson property in Colorado to Uranerz, a West German mining company. Under the terms of their option agreement, Uranerz can earn a 75% interest in Jascan’s Daw…
News
OSC seeks power to regulate professionals
The Ontario Securities Commission has recently proposed a series of far-reaching amendments to the Securities Act that would broaden its investigation and enforcement powers to include mining engineer…
Six rigs on site at Eskay Creek
Operator Calpine Resources (VSE) has six diamond drill rigs continuing to test the 21 zone discovery at Eskay Creek with both stepout and infill drilling. The company and equal partner Stikine Resourc…
Strike at Doyon
The 380 hourly workers at the Doyon gold mine in northwestern Quebec recently went on strike. Joint owners of the mine are LAC Minerals (TSE) and Cambior (TSE). The mine, a former open pit operation w…
Peat Resources conducting tests at Ontario Hydro
In its bid to capitalize on the vast peat lands of northern Ontario, a little-known company called Peat Resources (COATS) is conducting a series of burning tests through the research division of Ontar…
Dumagami merger a boost Agnico earnings on the rise
Anyone pondering a takeover of Agnico-Eagle Mines, as recent trading in its shares might suggest, could find the going rough. The past week alone saw more than three million shares change hands on the…
Sherritt’s profit hurt
Although it managed to secure new feed for its nickel refinery in Fort Saskatchewan, Alta., Sherritt Gordon (TSE) has been hit hard by falling base metal prices. The Toronto-based company’s 1989 net e…
Billiton drills Gold Pan bet
Junior Gold Pan Resources (VSE) announced that the first round of drilling was completed by Billiton Minerals at its Big 3/La Rae claims near Battle Mountain, Nev. According to Gold Pan, one hole retu…
Great Northern drills
Great Northern Gold (ASE) has started a $300,000 drill program on its Winteroad gold prospect in Garrison Twp., Ont. The company’s program will test two geophysical anomalies believed to represent the…
Ralph Bailey receives AMC’s service award
Ralph Bailey, 65, has been named the recipient of the fourth Distinguished Service Award of the American Mining Congress (AMC). He served as chairman of AMC 1983-85 and remains an honorary member of i…
VSM, Serem confident of boosting reserves
The latest drilling results from the Grevet M zinc-copper-silver project near Matagami, Que., should significantly increase reserve estimates, say project partners VSM Exploration (ME) and Serem Quebe…
Gold funds as of Feb. 6
MVP BGR Central Capital Net value$12.48 $6.41 $0.44 Price$11.625 $6.75 $0.37 Discount 6.85% 5.3% 19% Value$74,332,312 $107,879,217 N/A…