Marum picks up gold property in Montana
Alberta-listed Marum Resources intends to acquire the Wolverine gold property in Madison Cty., Mont., as well as additional ground nearby. Previously, the area was explored for iron ore hosted in an A…
1994
LETTERS TO THE EDITOR — Reporting standards cover diamond
Your editorial “Diamond standard needed” (T.N.M., Feb. 28/94) incorrectly implies that public reporting of Canadian diamond exploration results is not governed by adequate reporting standards. Stock e…
Gold Funds (April 11, 1994)
Gold Funds as of Apr. 6 BGR Central Net Value $17.74 $7.13 Price $15.75 $8.125 Premium 14.0% Discount 11.21% Value $144,113,000 $147,056,813…
Homestake mine boosts production
The Homestake mine in South Dakota produced 13% more gold in 1993 than in the previous year. Indeed, at 447,600 oz., the operation enjoyed its highest level of production since 1971. Homestake Mining …
STOCK MARKETS — Stocks, bonds and dollar stage a rebound
North American stock markets finished the week on an upbeat note as investors re-entered the fray in search of bargains. On April 5, the Toronto Stock Exchange 300 index rallied 43.19 points to 4,273….
Green light for Eskay Creek
The British Columbia government has awarded a mine development certificate to Prime Resources Group (TSE) for its Eskay Creek gold project 80 air-km north of Stewart. The project was given a full tech…
LAST BUT NOT LEAST — Band-Ore options ground to Teck
Toronto-listed Teck intends to buy a 51% interest in a property near Timmins, Ont., from Band-Ore Resources (CDN). To do so, it must spend $800,000 on exploration over the next four years and pay $105…
LAST BUT NOT LEAST — Aaron to split assets
The management of Aaron Oil (ASE) has decided to divide the company’s oil, gas and mining assets into two separate companies. The division is planned to enhance shareholder value and increase financin…
TVI issues special warrants
To finance exploration of its holdings in the Philippines, TVI Copper (ASE) will issue 3.75 million special warrants at 80 cents each for gross proceeds of $3 million. Yorkton Securities will act as t…
EDITORIAL PAGE — Down but not out
At times, it seems as if practically the whole of the Canadian exploration fraternity has packed its bags for Chile or Mexico or Peru or some other distant land. But in spite of the serious barriers e…
ODDS’N’SODS — Sandy’s Red Lake secret
Prospector Sandy McIntyre, who discovered and staked the McIntyre Porcupine mine in Timmins, Ont., in 1909, joined the Red Lake gold rush in 1926. He came with the McIntyre mine crew to work claims th…
Development plan for Porcher Island
A feasibility study by Westmin Resources (TSE) will evaluate the viability of mining the Porcher Island gold deposit near Prince Rupert, B.C. Westmin can earn a half interest in the former producer fr…