Zone intersected at Polaris-Taku
Recent drilling on the Polaris-Taku gold property is reported to have intersected a large altered and mineralized zone at the west end of the C vein. Located in northwestern British Columbia, Polaris-…
News
No bail-out for Westar
The British Columbia government agreed to defer some taxes and bond payments, but it won’t be bailing out Westar Mining, a cash-strapped coal producer which earlier this year placed itself under court…
STOCK MARKETS — Small gains for Tenajon, Prime Res. in slow
Gold’s slow climb to US$350 per oz. is providing a small measure of encouragement to juniors seeking to interest investors in exploration programs for the yellow metal. It wasn’t enough, however, to s…
Golden Star closes $6-million financing
Edmonton-based Golden Star Resources (TSE) recently locked up exploration funds for a number of South American properties through a private placement of 2.1 million special warrants at $2.85 each. The…
Hemlo explores Northfield claims
Gold producer Hemlo Gold Mines (TSE) has started exploring the Swansea property near Virginiatown, Ont., after signing a final option agreement with Northfield Minerals (ASE). Under the terms of the a…
Placer buying all of Paymaster
Shares of American Reserve Mining (VSE) hit a new low of 8 cents recently after Placer Dome (TSE) agreed to pay $2.28 million cash for the junior’s 35% stake in the Paymaster gold mine project near Ti…
Grants for exploration in Ontario top $11 million
Ontario has approved more than $11-million worth of grants to exploration-related projects this year, announced Shelley Martel, minister of Northern Development and Mines. — The Ontario Prospectors A…
Sikaman debt
Owners of the 10% convertible debentures of Sikaman Gold Resources (TSE) approved recently a proposal to convert $6.1 million in debt into units consisting of three redeemable, convertible preference …
NEWS IN BRIEF (July 13, 1992)
Danstar Resources Ltd. (DST:VSE) has changed its name to Star Dance Resources Ltd. (SDL:VSE) with a consolidation of capital on a 1-new-for-4. 4-old-share basis.
Others’ Words (July 13, 1992)
Gold’s role as an industrial metal has grown significantly in the last five years, driven almost solely by demand for gold jewelry. Much of this growth has come from the newly industrializing nations …
METAL PRICES — FREE MARKET (July 13, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 7 July 6 July 3 July 2 July 1…
First Standard dewaters gold mine
Vancouver-based First Standard Mining (VSE) says it has started dewatering the Val St. Gilles gold mine north of Rouyn-Noranda, Que., and has received all the environmental permits and approvals neces…