Canyon buying Addwest
Canyon Resources (NASDAQ) has exercised an option to buy the assets of Addwest Gold for $33 million(US) plus a 2% royalty on gold production from the Briggs property in California. The option to acqui…
News
Oliver and partners drill Kitsault Lake gold project
Tanqueray Resources (VSE) and its partners Aber Resources (TSE) and Oliver Gold (VSE) have started a drill program on their 46,750-acre Kitsault Lake gold property south of Stewart, B.C. The property …
Gold funds as of Oct 10
MVP BGR Central Capital Net value $11.72 $5.94 $0.57 Price $10.25 $5.50 $0.26 Discount 12.54% –7.4% 54-4% Value $69,758,508 $ 99,910,632 N/A…
Producers don’t fear GST but effect on inflation unknown
A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this analysis, tax specialists Barry Dent and Jo…
Orcana, Denn’or planning to drill Val d’Or claims
Toronto-based Orcana Resources (VSE) and Exploration Denn’or (ME) are attempting to raise the money needed to finance an exploration program at two properties in the Val d’Or, Que., mining camp. One o…
Amax, U.S. Gold OK $73-million(US) Hayden Hill project
Colorado-based companies Amax Gold and partner U.S. Gold have agreed to go ahead with a $73-million(US) development plan to bring their Hayden Hill gold project into production by 1992. Situated in La…
FINANCING (October 16, 1989)
ONTARIO Cochise Res — final reciss offer 1,800,000 @ $2.25 per sh to net $2,449,800. VANCOUVER Braemount Res — gross proceeds rec $500,000 Canadian Patricia Expl — gross proceeds rec $360,000 Grac…
High grade ore shoot drilled by Biron Bay
Results just released by Biron Bay Resources (ASE) from the Summit gold project in New Mexico indicate that the property contains a high grade ore shoot within a gold- silver deposit delineated by ear…
Vancouver Stock Exchange Traders skittish as index declines
The Vancouver Stock Exchange isn’t looking too exciting for investors, brokers and market watchers these days. Trading activity in recent weeks has slumped considerably since the heady weeks in August…
Alberta Stock Exchange Northfield active
Toronto-based Northfield Minerals continues to benefit from its new association with mining contractor Dynatec Mining, judging by trading activity this week. Northfield has been active since Dynatec C…
United Gunn shares profits from copper mining projects
A 30% interest in the Cuisson Lake Mines copper project in British Columbia has paid off nicely for United Gunn Resources (VSE) which has been chalking up healthy dividend payments over the past few y…
Redstone picks up interest in Falconbridge Dominicana
A 1% interest in Falconbridge Dominicana has been purchased by Redstone Resources (TSE). The deal gives Redstone an interest in one of the world’s largest nickel mining operations controlled and opera…