Goldbelt gets option
Goldbelt Mines (TSE) has signed an option agreement with Glen Auden Resources (TSE), giving the company the right to earn a 50% interest in Glen Auden’s 219-claim property in Moody Twp., Ont. The Mood…
1990
Gordex Correction
A recent query on Gordex Minerals (T.N.M., Feb. 5/90) included incorrect information regarding the company’s CIP processing plant in New Brunswick. Contrary to what was printed, the CIP plant at Gorde…
Another Rock Room planned by NBPDA
Members of the New Brunswick Prospectors and Developers Association (NBPDA) will raffle a dore bar at the 58th annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toron…
Brynelsen and Specogna honored at Cordilleran Roundup
The highlight of the annual Cordilleran Roundup held in Vancouver, B.C., each year is the presentation of the prestigious H.H. “Spud” Huestis Award and the Edgar A. Scholz Medal. Established in 1977 t…
Conwest, MRI deal
Conwest Exploration (TSE) is making a proposal to acquire a 100% interest in two affiliate companies, Mineral Resources International (TSE) and Barons Oil (TSE). Conwest already holds a 50.5% in MRI w…
Cactus-Pegasus deal
A unit of Cactus West Explorations (VSE) recently signed a letter of intent agreement with Pegasus Gold (TSE) for continuing development of its Century gold project in southwestern Idaho. Pegasus can …
First gold pour at Golden Bear
Despite a rocky start on the road to production, the Golden Bear mine in northwestern British Columbia poured its first gold bar on Jan. 31. Sized at 360 tonnes per day, the mine is operated by North …
Letters to the Editor Deal upsets shareholder
As a minority shareholder of both Flanagan McAdam Resources and Muscocho Exploration, I write to express my extreme displeasure with the deal made by these companies and Echo Bay Mines, the largest sh…
New decline and drift for Hecla’s Republic mine
A tour of underground and surface milling facilities at the Republic gold mine owned by Hecla Mining (NYSE) is somewhat reminiscent of a miner’s version of the popular movie Back to the Future. The mi…
Battle Mountain files for public offering
Houston-based Battle Mountain Gold (TSE) has filed with the U.S. Securities and Exchange Commission for a proposed public offering of five million common shares. Goldman, Sachs & Co. will be the lead …
GBryndon financing
Bryndon Ventures (TSE) has completed a $150,000 financing through a private placement of flow- through shares. The money will fund exploration on Bryndon’s gold prospect in northwestern British Columb…
Pine Point earnings up
Higher prices for zinc metal throughout much of the past year led to a substantial increase in 1989 revenues and earnings for Pine Point Mines (TSE). Unaudited net earnings for the year totalled $94.1…