NEWS IN BRIEF Six holes drilled on SIB claims
Assay results are expected shortly from six holes drilled on the SIB claims owned equally by Silver Butte Resources (VSE) and American Fibre (VSE). The partners report that five of the six holes inter…
News
Recession spells big drop in new mining stock listings
Hit by the economic recession, a slump in the gold market and the elimination of tax-related exploration incentives, mining companies are becoming increasingly shy about coming to the market with new …
NEWS IN BRIEF Noranda tests Kingswood claims
Drillers have moved on site at Kingswood Explorations (ASE) 133-claim property in La Gauchetierre Twp., near Matagami, Que. Earning an interest in the claims, Noranda (TSE) will drill a 1,300-ft. hole…
EDITORIAL PAGE Guest Column – Mining is engine that drives
The health of our economy in the north has been and will continue to be directly related to the number of mines and processing facilities in the area. The city fathers of Timmins, Ont., have recognize…
Tonto tackles Goldstream improvements
The Goldstream mine, jointly owned by Bethlehem Resources (TSE) and Goldnev Resources (VSE), is located on the Goldstream River, a 69-mile drive up the Columbia River Valley from railhead at Revelstok…
FINANCING (July 22, 1991)
Southern Alberta Mining Company Ltd. — 2,000,000 shs offered @ 10 cents per sh. Tecnecon Gold Industries Inc. — 1,600,000 shs offered @ 10 cents per sh. Bradsue Resources Ltd. — 600,000 units consi…
U.S. REPORT NEWS IN BRIEF Horizon Gold reports loss
A net loss of US$4.1 million or 14 cents per share was reported by Horizon Gold (NASDAQ) for its fiscal year ended March 31, compared with a loss of US$3.9 million for the previous year. This year’s l…
LETTERS TO THE EDITOR Miners need new finds, not task force
Your editorial “Attracting mining’s future leaders” (T.N.M. July 8/91) supports a government-industry program to assess the mining industry’s human resources requirements. Wait a minute. Who’s paying …
Mixed drill results from Spectrum
Mixed assay results were released by Eurus Resource (VSE) and partner Columbia Gold Mines (VSE) from ongoing drilling on the Spectrum property in northwestern British Columbia. Eurus is funding the cu…
U.S. REPORT NEWS IN BRIEF Golden Sitka to sell Chichagof mine
Based on a recent letter of intent agreement, a private Alaskan company was granted an exclusive option to buy the Chichagof property and associated mining inventory from current owner, Golden Sitka R…
Gold mines’ `hidden’ costs edging higher
If it weren’t for forward sales, more than half of North America’s top gold producers would have reported pretax losses in the first quarter, says a recent report by Yorkton Natural Resources. North A…
Aur intersects stringer zone on Jonpol’s Dalquier claims
Aur Resources (TSE) recently intersected a broad zone of stringer copper mineralization while drilling for extensions of known zones, on Jonpol Explorations’ (TSE) Dalquier Twp. claims, five kilometre…