Guest Column (August 05, 1991)
At the turn of this century, Sir Wilfrid Laurier asserted that the 20th century would mark the coming of age of Canada as an economic power. Some 50 years later, Prime Minister John Diefenbaker espous…
News
Echo Bay sets Swiss bond terms
Denver-based Echo Bay Mines (TSE) recently started to convert its Swiss franc 3.87% bonds due 1996 into common shares. The conversion offer will expire Oct. 28. At the option of the bondholders, each …
Aquagold agrees to merger
Aquagold Resources (ASE) has agreed in principle to merge with Mosher Limestone Co., a Nova Scotia company already involved in the industrial minerals field. If the merger is completed in 10 weeks as …
Renabie yielded 1.1 million oz. at a bit less than break-even
The Renabie mine, perched on a height of land separating the Atlantic watershed (via the Great Lakes) and the Arctic watershed about 200 km west of Timmins, Ont., proved to be a demarcation point for …
Trimin ready to back Rea with $6.5-million investment
If a recently announced deal is completed, Rea Gold (TSE) could receive up to $6.15 million in financing from Trimin Resources (TSE). Under the agreement, a wholly owned subsidiary of Trimin will buy …
Snip bucks trend, trouble-free start beats expectations
The Canadian mining industry has suffered a few black eyes in the past several years because a number of high-profile projects failed to live up to expectations and were either written down in value o…
Haileybury hosts workshop
The eighth annual geophysics workshop, chaired by Peter Hood of Geological Survey of Canada, was recently held at the Haileybury School of Mines. At the workshop, speakers addressed issues that involv…
Platinum sinks below gold
For the first time in six years, platinum prices dropped below gold on the London Metal Exchange. During the last few days of July, platinum traded in the US$359-362 range, just shy of the presstime g…
Minnova cuts high grade at Seneca
Recent drilling on the Seneca property about 65 miles east of Vancouver intersected a narrow zone of rich massive sulphide mineralization. Minnova (TSE) is earning a 51% interest in the property from …
Unlisted Trading (August 05, 1991)
Preparing for a listing on The Toronto Stock Exchange, CanQuest Resources traded heavily for the week ended July 30. On a volume of 217,500 shares, the Vancouver-based junior picked up a nickel to clo…
Ecstall starts program on Forgold polymetallic project
A field exploration program budgeted at $410,000 is under way on the Forgold claims, 25 km north of Eskay Creek in the Iskut River region of northwestern British Columbia. The 2-phase exploration effo…
Corona unveils plans to divest non-gold assets
The board of International Corona (TSE) has approved a restructuring plan aimed at separating Corona’s precious metals business from its various other interests. The previously announced plan calls fo…