FINANCING (May 27, 1991)
Loumic Resources Ltd. — 350,000 shs offered @ 90 cents per sh. Procordia Explorations Ltd. — 1,000,000 shs offered @ 18 cents per sh. Loki Gold Corporation — 1,100,000 units consisting of 1 sh an…
News
GOLD FUNDS (May 27, 1991)
BGR Central Net Value $8.74 $5.08 Price $7.25 $4.700 Discount 17.05% 7.5% Value $52,020,731 $79,074,210…
Stanley installed as CIM president
A partner with Coopers and Lybrand Consulting Group in Vancouver, William Stanley, was recently installed as president of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) for 1991-92. …
Granges to spend $6 million on exploration during 1991
Exploration efforts by Granges (TSE) in the coming year will be focused on the Flin Flon area of northern Manitoba, President Colin Kaiser told shareholders at the company’s recent annual meeting. The…
N.B. Mining Week
The New Brunswick Mining Association will celebrate its third annual Mining Week from May 27 to June 1. Theme for 1991 is “the importance of minerals in the everyday life of the people of New Brunswic…
Pamour named in tailings mishap
The Ontario Ministry of the Environment has issued an order against Pamour (TSE) which requires the company to take certain steps in relation to an incident last October near Matachewan, Ont., involvi…
American to sell Paymaster stake
Vancouver-based American Reserve Mining (ME) has decided to sell its 40% interest in the Paymaster gold mine project at Timmins, Ont. The company says it has held discussions with potential buyers and…
OGS in advance Sudbury move
Sixteen employees of Ontario’s Ministry of Northern Development and Mines recently took up positions at the Ontario Geological Society’s (OGS) “advance office” in Sudbury, Ont. The OGS is set next yea…
Geologists meeting
More than 1,000 geologists from around the world are expected to register at a joint meeting May 27-29 in Toronto of the Geological Association of Canada, the Mineralogical Association of Canada and t…
PROFILE Queenston’s Harbinson banks on Kirkland Lake
The Kirkland Lake area in northeastern Ontario has been famous for gold production since early this century. Today it remains a staking ground for Canadian miners. Queenston Mining, for one, takes pri…
Zinc price set to rebound says Nanisivik president
As 40% of the world’s zinc producers will have trouble meeting their cash costs at current prices, zinc won’t remain at recent levels for very long, said Graham Farquharson, President of Conwest Explo…
PEOPLE GEOSTAR MINING
Brent Jardine appointed president and director succeeding Brian Emore who resigned as president but will remain on as a director.