Euro-Nevada buying Eskay Creek royalty
Toronto-based Euro-Nevada Mining (TSE) is purchasing a royalty in the Eskay Creek gold exploration project in northwestern British Columbia. Prime Resources Group (VSE) of Vancouver says it has agreed…
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COATS (over-the-counter) Mountain Beaver funds
Planning a $550,000 exploration program on the Figuery property in Quebec, Mountain Beaver Resources has received partial proceeds of $270,000 from a recent share offering. The company must spend $4 m…
Hemlo backs away from Magnacon mill, leaves Flanagan floundering
To the surprise of management at Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE), Hemlo Gold Mines (TSE) has decided to back away from a proposal to purchase an interest in the Magnaco…
Orcana, Morgain drop Findore bet
Toronto-based Findore Minerals (COATS) says Morgain Minerals (VSE) and Orcana Resources (VSE) have dropped their option to earn 65% on five patented Garrison Twp., Ont., claims which Findore holds und…
Santa Fe Pacific boosts reserves
Gold production at a nominal rate of 100,000 oz. per year is expected to begin in the third quarter of 1991 at the Lone Tree mine owned 100% by Santa Fe Pacific Gold, a unit of Santa Fe Pacific (NYSE)…
Chutine completes Luz copper reserve study
A copper reserve study has been released by Chutine Resources (VSE) for the company’s Luz del Cobre claim situated near San Antonio de la Huerta in northern Mexico. The claim extends over 120 hectres …
Golden Marlin has Northwest assays
A Saskatoon, Sask., company Golden Marlin Resources (VSE), says it has received check assays on several samples extracted from its Northwest gold joint venture with Cameco near Yellowknife, N.W.T. Cam…
Kennecott brings Canadian unit back to life
The long-dormant Canadian subsidiary of Kennecott Corp., backed by its parent company’s renewed commitment to exploration, is beefing up staff, dusting off a decades- old inventory of properties and j…
Belmoral selling 45% stake in Roddy to Metals Research
Belmoral Mines (TSE) has reached an agreement with U.S. company Metals Research (NASDAQ) to sell almost all of its interest in Arizona heap leach gold miner Roddy Resources (TSE). Under the agreement,…
St. Phillips to acquire Stork
Subject to regulatory approval, St. Phillips Resources (VSE) has negotiated the acquisition of Stork Resources through a share issue. St. Phillips will issue the private company’s shareholders 600,000…
Access to land, capital prominent issues in 1991
With 1990 behind us, it is appropriate to review two issues of last year that stood out and are likely to remain prominent in 1991 for not only British Columbia but Canada as a whole — access to land…
Gold King in black
After losing US$25,000 in the 1989 third quarter, Gold King Consolidated (VSE) reported a gain of 9.5US$39,000 for its 1990 third quarter ended Sept. 30. Revenues for the recent quarter increased to U…