Barytex plans reorganization
A proposed combination with private company Romanex Resources would result in a change in control for Barytex Resources. The reorganization calls for Sutton Resources (VSE) to subscribe for 1.75 milli…
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Altai raising working capital
Two private placements, worth a combined $300,000, have been negotiated by Altai Resources (TSE) with American investors. One placement involves 428,572 units at 35 cents per unit and the other 375,00…
Kennecott,Centurion in joint venture
A preliminary agreement enables Kennecott to earn a 51% interest in several properties of Centurion Mines (NASDAQ). Most are in the vicinity of the Silver City townsite and Sunbeam mine, south of Eure…
Royal Oak ready to take on Windy Craggy
While other companies are rushing offshore to pursue opportunities, Royal Oak Mines (TSE) is picking up bargain-priced projects in its backyard. In early April, the company completed the purchase of t…
Kingswood buys Acadia shares
Toronto junior Kingswood Resources (ASE) will buy 12.2 million common shares (51%) of Acadia Mineral Ventures (TSE) from Hecla Mining (NYSE). In exchange, Hecla will receive five million treasury shar…
GUEST COLUMN — Caution advised in interpreting garnet data
Garnet is one of the most important indicator minerals used in the search for kimberlites, and the presence of purple Cr-rich pyrope is an almost-certain indication that one is on the right track. Oth…
San Andreas ups project reserves
San Andreas Resources (VSE) has updated preliminary reserves at the Prairie Creek project to about 3.2 million tons grading 13.4% lead, 15.6% zinc and 6.2 oz. silver per ton. San Andreas can earn a 60…
Moneta to drill at Godfrey Twp.
Drilling will resume in Godfrey Twp., near Timmins, Ont., where Falconbridge intersected a 1.5-metre interval grading 82.2 grams gold per tonne at a depth of 115 metres. Under an agreement with Falcon…
EDITORIAL PAGE — Curragh’s decline
For Curragh Resources, the Westray coal mine in Nova Scotia was to have been a cash-flow buffer when its Faro, Y.T., operations inevitably suffered through price troughs in zinc and lead. Westray, ins…
COMMENTARY — Capital investment dips, manufacturers ponder
It is cash flow that ultimately pays for construction, equipment and the acquisition of new machinery that, in turn, enable companies to expand production and grow. In manufacturing, there is an 18-mo…
Sigma catches its second wind
There is a blight on the famed gold belt of northern Quebec and northern Ontario. There are too many miners and too few jobs. This is not news to anyone who knows the region; it has been a fact of lif…
Canadian systems on exhibit at trade show in Germany
Canada will be well represented at next month’s Geotechnica trade show for geosciences and technology in Cologne, Germany. The country will, in fact, be the second-largest foreign exhibitor, with more…