Raising $1 million for memorial fund
In remembrance of the women killed at Ecole Polytechnique in Montreal last December, The 1989 Canadian Engineering Memorial Foundation is trying to raise $1 million for an endowment fund. The money wi…
News
U.S. tour highlights environmental challenges
Environmental concerns that U.S. mining companies are grappling with today will probably be facing Canadian miners in the future. That prospect prompted the Canadian Institute of Mining and Metallurgy…
Cambior teams up with Golden Star on Guyana project
Edmonton-based Golden Star Resources (ASE) has recently gained Cambior (TSE) as its new joint venture partner on the Omai gold project in Guyana, South America. Golden Star’s previous partner had been…
EDITORIAL PAGE Auction for Eskay long overdue
The greatest surprise about Placer Dome’s recent bid for Stikine Resources is that it has taken so long to come about. Readers of The Northern Miner know only too well that the Eskay Creek project, of…
Court halts seizure of Aquisitor assets
The Superior Court of Quebec has quashed a seizure by a private Toronto company, Hunter & Associates, of assets used by Aquisitor Mines (VSE) and Stabell Resources (ME) on their Dubuisson property nea…
Insider Trading Pezim ups stake in Goldnev Res.
Vancouver promoter Murray Pezim recently moved to tighten his hold on Goldnev Resources (VSE), which has a 50% stake in the Goldstream copper-zinc property, north of Revelstoke, B.C. According to the …
GOLD FUNDS; Galactic tallies record earnings
Earnings reached a record level for Galactic Resources (TSE) in the 1990 first quarter, totalling US$7.51 million compared with US$1.82 million in the previous year’s first quarter. The jump in earnin…
Silver Drake
A 5,000-ft. reverse circulation drill program funded by Silver Drake Resources (VSE) has started on the Hachita gold property in Hidalgo Cty., N.M. The drill program will test geophysical targets adja…
Gold price likely to remain steady
The gold price is likely to peak in the first part of 1991, but will not exceed the US$450-per-oz. level, according to the Annual Review of the World Gold Industry, 1990, published by Shearson, Lehman…
Poor results from Milestone’s gold bets
Drilling on two of Milestone Resource’s (COATS) gold properties in the Birch Lake area of Ontario has returned poor results. On the Shabumeni property, two of the four holes assayed carried no signifi…
Vancouver Stock Exchange A bidding war looms large
The Vancouver Stock Exchange appears to have received the spark needed to ignite a widely predicted jump in activity. The combination of the announcement of a road into the Eskay Creek area, a takeove…
FINANCING VANCOUVER
Ticker Tape Res — 600,000 sold for gross $342,000. Suntac Minerals — 1,800,000 sold for gross $756,000. Gratiam Res — opt exerc on 137,500 @ 40 cents per sh. First Star — 400,000 offered @ 50 cent…