EDITORIAL PAGE Let operators decide
“When the Sullivan lead-zinc mine in Kimberley, B.C., was closed, British Columbia’s Energy Minister Jack Davis was very disappointed. Seeking an explanation of the company’s terse, two-paragraph anno…
News
Minnova combines with Orex on Goldboro exploration play
Having recently settled a legal dispute, Exploration Orex (ME) says it has entered into an option agreement with Minnova (TSE) covering exploration and development of the Goldboro gold project in Nova…
U.S. projects boost reserve estimates
A number of new mines opened in the southwestern U.S. during the past year. At the same time, a few exploration bets proved up to be substantial mineral deposits. For example, Crown Butte Resources (T…
Indians’ control of land will frustrate development
Is there any future for resource development in Ontario? The federal and Ontario governments, for example, have signed an interim agreement with northern Ontario Indians that gives tangible recognitio…
Horsham files notice to buy voting shares
Toronto-based Horsham (TSE) recently filed a normal course issuer bid with the Toronto and Montreal stock exchanges allowing it to purchase up to five million of the company’s subordinate voting share…
High Frontier moves into Bralorne camp
Early next year, High Frontier Resources (VSE) expects to begin exploring a 2,471-acre property held by Goldpac Investments (VSE) near the historic Bralorne gold mine in southern British Columbia. Hig…
Investment dealers to ask for changes in tax rules
A representative of Canada’s junior mining sector says he fully supports a recent request by the Canadian investment community for changes in the federal tax system. In a recent submission to the fede…
Silver suffers from investor apathy, weak industrial demand
Hit by a double blow of low investor appeal and weakening industrial demand, the silver price is struggling to regain momentum after plunging to 14-year lows earlier this month. Silver dipped below th…
Losses mount for Alta
Losses for Alta Gold (NASDAQ) continued for the third quarter ended Sept. 30. The company lost US$369,000 in the quarter, down from the US$1.3 million reported in the third quarter of 1989. The loss f…
Commission warns of bogus precious metal, oil and gas ventures
The Saskatchewan Securities Commission is warning the public to be wary of promoters who would capitalize on developments in the Persian Gulf by selling investments in precious metals. Although the re…
Madison seeks joint venture for gold mine
Madison Grant Resources says it is negotiataing with several potential joint venture partners interested in the company’s gold-silver mine near Virginia City, Mont. An independent geological report on…
Aurizon Mines offer
Vancouver-based Aurizon Mines (TSE) has made an offer to redeem all of the company’s 5 7/8% Swiss franc convertible bonds totalling 35 million francs ($32.5 million). For each 5,000 franc ($4,643) pri…