Publishing date changed for U.S. mines handbook
The American Mines Handbook, a compendium of mining companies active in the U.S. and other related information which is printed annually by Southam Business Communications Inc., is changing its publis…
News
Dayton raises $3 million for Chilean Andacollo gold project
Vancouver-based Dayton Developments (TSE) has successfully completed a private placement of convertible subordinate notes for net proceeds of $3,023,000. Proceeds from the placement will be used to co…
NEWS IN BRIEF Kewagama Gold Mines
Kewagama Gold Mines (Quebec) (ME) recently concluded a financing agreement (subject to regulatory approval) whereby a private investor will fund $150,000 worth of exploration work in return for 500,00…
NEWS IN BRIEF Mariner Exploration Inc. Mariner Explorations Inc.
Greyhound Communications Ltd. has changed its name to Eastmin Resources Inc. (ERA:VSE) with no consolidation of capital.
NEWS IN BRIEF Quartz Mountain Gold
Shareholders of Quartz Mountain Gold (TSE) will vote Jan. 30 on a proposed 1-for-5-share consolidation. Should the consolidation be given the green light, regulatory approval will be required.
U.S. REPORT New filing rules
Effective Jan 1., unless mining claim documents are accompanied by filing fees, the U.S. Bureau of Land Management (BLM) will refuse to file the documents. The rejected documents will no longer be dat…
GOLD FUNDS (January 21, 1991)
BGR Central Net value $9.66 $5.44 Price $8.38 $4.950 Discount 13.25% 9.0% Value $57,543,958 $83,280,285…
Newfoundland doubles tax on claims
Newfoundland has doubled its tax on mineral holdings to encourage exploration on land not being worked. Beginning this month, the province is charging groundholders an impost of $6 per hectare, up fro…
Irish organize PDAC get-together
Calling all Irish geologists and mining engineers! Mary-Claire Ward is looking for Irish exiles who would be interested in getting together with visiting members of the Geological Survey of Ireland at…
Newmont options Montana gold bet
A recent joint- venture agreement executed by a U.S. subsidiary of Mountain West Resources (VSE) will provide funds for continuing exploration of the Elkhorn gold project about 20 miles south of Helen…
EDITORIAL PAGE Matachewan under the microscope
The case of Matachewan Consolidated Mines is one that the mining industry in Ontario is going to be watching closely. How far the government goes in applying the Environmental Protection Act to Matach…
Gold goes over US$400 as Gulf war breaks out
Analysts who had predicted that the price of gold would stage a sharp rally after the Jan. 15 United Nations deadline for Iraq to withdraw from Kuwait proved to be right on the money. As stock markets…