Madison seeks joint venture for gold mine
Madison Grant Resources says it is negotiataing with several potential joint venture partners interested in the company’s gold-silver mine near Virginia City, Mont. An independent geological report on…
1990
Majors vie for control of Eskay Creek
The Eskay Creek project north of Stewart, B.C., generated plenty of drama and intrigue during 1990 as it moved from an exploration project to a more advanced development stage. The cast of players inv…
Horsham files notice to buy voting shares
Toronto-based Horsham (TSE) recently filed a normal course issuer bid with the Toronto and Montreal stock exchanges allowing it to purchase up to five million of the company’s subordinate voting share…
High Frontier moves into Bralorne camp
Early next year, High Frontier Resources (VSE) expects to begin exploring a 2,471-acre property held by Goldpac Investments (VSE) near the historic Bralorne gold mine in southern British Columbia. Hig…
People UNITED COIN MINES LTD. (December 31, 1990)
David Libby resigned as a director. A successor to be announced.
Jonpol plans drilling on new claim block
Jonpol Explorations (TSE) and affiliate T&H Resources (TSE) have signed an option to acquire 25 mining claims adjacent to their gold property in Garrison Twp, Ont. The new claims, which lie to the wes…
LETTERS TO THE EDITOR Moose leads Ontario prospectors to gold
The picture shows three prospectors and a moose; from left to right, Myron Nelson, the moose, Nolan Cox and me. The moose, born and raised on the Beardmore-Geraldton gold belt in northwestern Ontario,…
Aurizon Mines offer
Vancouver-based Aurizon Mines (TSE) has made an offer to redeem all of the company’s 5 7/8% Swiss franc convertible bonds totalling 35 million francs ($32.5 million). For each 5,000 franc ($4,643) pri…
Stratmin making rights offering
Montreal-based Stratmin (ME) is hoping to receive about $6 million from a rights offering. Holders of the company’s A shares, as of the close of business Dec. 19, will receive three rights for each sh…
Toronto Stock Exchange Indices (December 31, 1990)
Dec.25 Dec.24 Dec.21 Dec.20 Dec. 19 HIGH LOW Composite “300” Holiday N/A N/A 3255.43 3253.74 4009.47 3009.91 Metals & Minerals Holiday N/A N/A 2769.88 2784.22 3453.06 2502.63 Integrated Mines Holiday …
Trimin share buyback stalled
A formal valuation of the shares of Trimin Resources (TSE) may be required before the company can proceed with a buyback offer for up to 2.2 million of its shares. The company applied to various secur…
Guyana gold find reported by S.A. Goldfields, Denison
Joint venture partners South American Goldfields (TSE) and Denison Mines (TSE) have reported a new high-grade gold discovery near a former gold mine on their Aurora property in Guyana. The partners re…