EDITORIAL PAGE — Manitoba ponders bill
In contrast to British Columbia, where in the post-Windy Craggy era the “No Mining” sign hangs prominently outside the provincial legislature, Manitoba welcomes miners and explorers. Over the past few…
1993
Las Vegas conference scheduled
The “Investment in Mining” conference last spring in New York City was so successful that a follow-up has been scheduled. The convention, to be held Sept. 17 and 18 in Las Vegas, Nev., will focus on g…
Nebex completes private placement
A private placement of 688,750 flow-through shares at 80 cents per share has been completed by Nebex Resources (ASE). Most of the proceeds from the $551,000 placement will fund exploration on the Nort…
LETTERS TO THE EDITOR — Harcourt and company `myopic
The following is an open letter to Michael Harcourt, premier of British Columbia, in response to his government’s decision to expropriate the Windy Craggy copper project in favor of creating a provinc…
FINANCING (July 19, 1993)
Southwestern Gold Corp. — 800,000 shs @ $1.00. Eurus Resource Corp. — 1,500,000 units @ $1.19 and each unit consists of sh and 2 wts and 2 Series A wts purchase sh. Glamis Gold Ltd. — 2,000,000 shs…
LETTERS TO THE EDITOR — Manitoba’s Bill 41 threat to
For many years, on a personal basis and through the Prospectors and Developers Association of Canada (PDAC), I tried, without success, to bring out the facts about the low state of minable ore reserve…
AROUND THE GLOBE — Takla and Fairfield option Tanzania
Alberta-listed Tan Range Exploration has granted Takla Star Resources (ASE) and Fairfield Explorations (ME) an option to develop the Luhala and Ngula gold projects in Tanzania. Takla and Fairfield can…
LAST BUT NOT LEAST … Belmoral receives shareholder nod
Shareholders of Belmoral Mines (TSE) have approved a transaction which will take them out of debt and into oil and gas interests. Geopetrol Resources, a private Alberta company, has an option to buy t…
Hedman completes 4.2m-unit placement
A private placement of 4.2 million units at 12 cents each has been completed by Hedman Resources (ASE). Each unit consists of one common share and one warrant. The warrants can be exchanged for shares…
Rea evaluates old Bissett mine
In re-evaluating its Bissett mine, 160 miles northeast of Winnipeg, Man., Rea Gold (TSE) projects reserve potential to be more than one million oz. of contained gold. Minable reserves, as previously e…
Russian gold mine — Cyprus to develop Russian bet
A joint venture formed by a unit of Cyprus Minerals (NYSE) and five Russian partners has won a bid to develop a gold mine in the Madagan region of far-eastern Russia. The advanced Kubaka mine project …
COMMENTARY — Gold price moves higher
There seems to be a cyclical element in the Western world’s gold production. It took 15 years, from 1951 to 1966, for annual production to rise by 75% to 1,285 tonnes (reflecting the development of th…