Starrex maintains strong cash position
Last year’s closure of the Star Lake gold mine in northern Saskatchewan was reflected in the 1989 financial results of Starrex Mining (TSE). The company, which holds a 35% interest in the Star Lake mi…
1990
Juniors trying to develop industrial mineral deposits (June 18, 1990)
It may not garner as much news coverage as the exploration for precious and base metal deposits, but the search for industrial minerals is a serious undertaking of more than a few mining companies. Te…
Terra board shuffle, part of revival plan
As part of an attempt to recover from a $7.9-million loss in 1989 and a writedown in the value of a Mexican affiliate, Edmonton-based Terra Mines (TSE) recently announced some boardroom changes. Forme…
Shaft commissioned at Trout Lake
Ore is now being hoisted up the newly commissioned 2,100-ft. shaft at the Trout Lake mine owned 29% by Granges (TSE), 44% by Hudson Bay Mining & Smelting (TSE), and 27% by the government of Manitoba. …
INSIDE No Murray Pezim
Promoters play a key role in getting junior mining ventures off the ground, but not all promoters come from the same mold as Vancouver’s flamboyant Murray Pezim. John Ternowesky, a Thunder Bay grain h…
INSIDE Eskay Creek
A full report on the Eskay Creek area in northwestern British Columbia is included on pages B8-B11.
INSIDE Offshore exploration
More Canadian exploration companies are looking beyond North America for exploitable mineral deposits. Many are finding the number of accessible areas in Canada and the U.S. dwindling while the costs …
U.S.REPORT Silver Standard plans program for Chandler
Now that a joint venture has been formed to explore the 1,150-acre Chandler gold property near Weiser, Idaho, Silver Standard Resources (VSE) will oversee a $65,000 surface program consisting of geoch…
Private investor buys Royal Gold shares
A private investor, Robert Guy, has purchased 1.84 million shares of Royal Gold Enterprises. Guy bought the shares from 534910 Ontario, a company that he and his wife control. Together, Margaret and R…
Mazarin negotiates graphite sales
An agreement covering the sales and distribution of graphite in central Europe has been announced by Societe d’Exploration Miniere Mazarin (ME). The junior is developing a flake graphite property near…
IOCC GOLD OPTIONS (June 18, 1990)
Options Open Series Volume Last Interest Aug. 360 C 201 10.50 152 Aug. 370 C 154 6.00 369 Aug. 380 C 128 3.40 864 Aug. 400 C 250 1.00 1,838 Nov. 370 C 102 12.00 163 Nov. 380 C 127 8.00 311 Nov. 400 C …
PDAC urges fair taxation for exploration financing
The federal government must stop discouraging investment in the mining exploration industry, says the Prospectors and Developers Association of Canada (PDAC). The Toronto-based mining association is u…