Storimin acquires Manitoba land
With an improved political climate in Manitoba, mining activity in that province is beginning to return to areas that have been inactive for some time, says A.E. Storey, president of Storimin Explorat…
News
Shareholders OK Canarc merger
A proposed merger between Canarc Resource (VSE), Suntac Minerals (VSE) and Rembrandt Gold Mines (ASE) recently received shareholder approval and the companies expect to obtain court approval shortly. …
High Lake drilling returns 7% copper across 71 metres
Joint venture partners Aber Resources (TSE) and Kennecott Canada have pulled a 71-metre intersection grading 6.9% copper from the western extension of the AB zone on the High Lake project in the North…
Cominco advances tailings plan despite delays at lead
Uncertainty surrounding the startup date of a new lead smelter at Trail, B.C., has prompted Cominco (TSE) to advance by 18 months its planned move to a land-based system for treated tail slag from the…
Dickenson, Hunter seek Casino property through merger
After over a year-long search for a major project, Pacific Sentinel Gold (VSE) announced it plans to merge with Big Creek Resources (VSE). The companies expect to merge on a one-for-one basis subject …
NEWS ROUNDUP — Flag finds copper sulphide on surface
Calgary-based Flag Resources (ASE) says it has found surface iron and copper-sulphide mineralization within a 3,000 ft.-long airborne magnetic and coinciding VLF anomaly on its 24,000-acre Wanapitei h…
NEWS ROUNDUP — ASC declines to prosecute
The Alberta Securities Commission (ASC) says it won’t prosecute in the case of a $34-million investor immigrant fund which left 230 Asian investors in a state of anger. Claude Resources (TSE) used the…
NEWS ROUNDUP — Wheels of justice
The wheels of justice move slowly, including that arm of the Ontario Securities Commission. In its press release of July 29, 1992, a public hearing was billed for Aug. 25 to consider, among other thin…
GUEST COLUMN — Will the new senate use its natural resource
The natural resource sector — mining, forestry, energy, farming, fishing and trapping — has fuelled the Canadian economy from day one. These industries and the communities dependent on them have gra…
GOLD FUNDS (August 24, 1992)
BGR Central Net Value $7.97 $4.89 Price $7.13 $4.55 Discount 10.57% 7.0% Value $47,431,000 $76,550,565…
FINANCING (August 24, 1992)
Arrowhead Res. Ltd. – 4,000,000 shs offered, with 2,000,000 shs guaranteed and 2,000,000 shs on a Best Efforts basis @ 20 cents per sh. Sundance Res. Ltd. – 2,200,000 shs offered, with 200,000 shs gua…
Correction (August 24, 1992)
A recent hole drilled on Trader Resources’ (TSE) 50% owned Mikwam property in northwestern Quebec returned 1.6 ft. grading 0.07 oz. gold per ton, rather than 0.7 oz. gold (T.N.M., Aug. 17/92). Trader …