Denison sell-off
Toronto-based Denison Mines (TSE) has put nearly 100 pieces of mobile mining equipment up for sale from its Elliot Lake uranium mine, following a downsizing of operations at the site earlier this year…
1990
Aurochs explores copper-gold bet in Gaspe region
Montreal-based Aurochs Exploration (ME) is gearing up to explore two new gold and copper showings in the Matapedia Valley area of Quebec’s Gaspe region. The showings, discovered by a prospector, are s…
Armistice negotiates Dynatec financing
A long-term credit facility worth $1.5 million has been signed by Armistice Resources (ME) with Dynatec Mining, a subsidiary of Dynatec International. Security for advances under the facility are Armi…
Eurus’ drilling confirms strike extension of 21C zone
A recent hole drilled by Eurus Resource (VSE) to test for the projected strike extent of the Eskay Creek 21C zone returned a 13.1-ft. intersection (636.3-649.4 ft.) grading 0.96 oz. gold and 3.16 oz. …
Columbia cuts good values in Iskut area
A drilling program on the Spectrum property in the northern Iskut area of northwestern British Columbia is returning good grades and widths. The program is part of an earn-in by Columbia Gold Mines wh…
Toronto Stock Exchange Gold steady as crude oil prices head
Trading in gold stocks was brisk during the week ended Oct. 23 as bullion prices remained strong in the wake of falling crude oil prices. By presstime Oct. 24, the yellow metal was fixed at US$371 per…
EDITORIAL Restoring confidence
There is a credibility crisis developing in the Canadian mining industry. The public is losing confidence in the industry’s ability to objectively state the merits or potential merits of a mineral pro…
Vancouver Stock Exchange Rhodes active in Arizona, B.C.
Vancouver market players are pulling in their horns, keeping their powder dry, or sitting on the sidelines. These euphemisms roughly translate to being plain scared of putting their money in the marke…
Bogosu mine startup in Ghana gives Sikaman gold production
Production at the Bogosu gold mine in Ghana, West Africa, was officially started up Oct. 22, Sikaman Gold Resources (TSE) reports. Output for the period November, 1990, to December, 1991, at the 1.1-m…
FINANCING (October 29, 1990)
Bradsue Resources Ltd. — 400,000 shs offered @ 55 cents per sh.
Hanson would sell stake in Newmont
The controlling shareholder of Newmont Mining (NYSE) is negotiating to dispose of its 49% interest in the Denver-based mining company and buy into a lumber company. Hanson of London would sell most of…
White Plains unable to exercise option on wollastonite bet
White Plains Resources (VSE) has failed to exercise an option to purchase from Sikaman Gold Resources (TSE) a 75% interest in the Gilbert wollastonite property in Nevada. The option deadline was Oct. …