Kerr discussing re-organization
Having disposed of its interests in Minnova (TSE) and oil and gas producer Anderson Exploration, Kerr Addison Mines (TSE) intends to dispose of its remaining assets and continue talking with its major…
News
High River to deep-drill Snow Lake gold property
Having encountered significant gold mineralization in a deep drill hole earlier this year on its Snow Lake property in northern Manitoba, High River Gold Mines (TSE) is gearing up for an additional dr…
STOCK MARKETS — TSE sets another trading record as golds
April turned out to be another extraordinary month for market players as the Toronto Stock Exchange’s composite 300 index shot up by more than 5% on record volume. According to TSE statistics, more th…
Cassiar still haunts Princeton
Cassiar Mining, put to rest by bankruptcy last year, has come back to haunt former owner Princeton Mining (TSE). The trustee in bankruptcy of Cassiar (and subsidiary San Antonio Gold) served Princeton…
COMMENTARY — Choosing gold equity stocks
Gold equity markets throughout the Western world have all recorded strong performances since the inauguration of U.S. President Bill Clinton in mid-January. Leaving aside the reasons for our current b…
Australia woos Canadian miners
A relatively unexplored greenstone belt in South Australia is expected to attract Canadian companies interested in grassroots exploration opportunities. Susan Daly, a senior geologist with South Austr…
LETTERS TO THE EDITOR — `Unfounded’ conclusions in Seabright
It is most unfortunate that Ian Booth would comment upon a case which is so complex and so obviously out of his league (“Judge finds in Seabright’s favor,” T.N.M., April 5, 1993). Mr. Booth’s conclusi…
NEWS ROUNDUP — USMX in Arizona gold project
Colorado-based USMX (NASDAQ) has exercised its option to participate in a joint venture with Excellon Resources (VSE) and Valdez Gold (ASE) on the Tombstone gold project in Arizona. Excellon and Valde…
Yukon exploration activity picking up
The Yukon’s mineral exploration season is expected to improve considerably this summer after only $10 million was spent in 1992. “It’s definitely picking up,” said Al Doherty, president of the Yukon C…
Battle Mountain to develop Reona
U.S.-based Battle Mountain Gold (TSE) plans to develop the Reona heap-leach deposit at its Battle Mountain complex in Nevada. The cost will be about $10 million. Reserves are about 13.5 million tons g…
Bursary fund honors Paul Young
Friends and early associates of the late mining engineer Paul Young have founded a student assistance bursary fund in his name. The Paul E. Young Memorial Fund is administered by The Walli Foundation …
GOLD FUNDS (May 10, 1993)
BGR Central Net Value $11.52 $5.63 Price $10.25 $5.75 Discount 11.02% 2.1% Value $64,523,000 $96,739,725…