New books (January 12, 1987)
Exploration in British Columbia — 1985 — The Geological Survey Bran ch of the Mineral Resources division of the B.C. Ministry of Energy, Mines and Petroleum Resources. Paperbound, 590-page publicati…
News
B.C. public concerned about moratorium
British Columbia’s minister of energy, mines and petroleum resources, Jack Davis, has responded to public concerns regarding the government’s decision to permit British Columbia’s uranium moratorium t…
Toronto Stock Exchange TSE short positions
Semi-monthly report as of Dec 15 showed 15,239,477 shares of 626 issues compared with 15,703,337 shares of 632 issues on Nov 30. Larger individual positions include: Amer. Barrick 33,500; Asamera 82,6…
First General Mine diamond drilling in Stover Twp., Ont
A $150,000 diamond drilling program to test geophysical anomalies for their precious metal potential is under way by First General Mining Management and Gold Corp. in Stover Twp., Ont. The exploration…
Lakeshore placement
Lakeshore Minerals says it recently completed a private placement of 100,000 units, each unit consisting of three Lakeshore common shares and one warrant good to purchase a single common share for $1,…
No reinstatement for former mines minister
It seems that Ontario Premier David Peterson will continue as acting minister of the province’s ministry of northern development and mines for an unspecified period. There had been speculation that Mr…
Golden Star finds new zone in Guyana
Golden Star Resources says a new zone of gold mineralization has been discovered on the company’s Omai property in Guyana, South America. The newly identified gold-bearing sector, the so-called wenot-…
BGR’s asset value up 33% in 1 year
BGR Precious Metals says its net asset value on Oct 31, 1986, was $11.81, a 33% increase from a year earlier and a 19% increase from three months earlier. On Oct 31 there were 6,156,968 Class A shares…
Placer and Golden Star may develop Guyana gold
An agreement should be completed within weeks that could see Placer Development and Edmonton-based Golden Star Resources develop a gold property in Guyana, South America. The mineral potential of this…
Financing vehicle opens door at end of flow-through tunnel
There can be little doubt that flow-through financing has facilitated the discovery of several significant gold deposits in Canada. But when a company, particularly a small operator, decides to mine o…
Cons. Five Star acquires Chaffinch
Consolidated Five Star Resources says it has acquired all of the outstanding shares of Chaffinch Ltd., a private corporation, for a total consideration of $10,750,000. Five Star says included in the a…
Masst B.C. bet
Further drill results have been reported by Masst Resources on its mineral claims in the Quesnel mining division of British Columbia. The company, which last week reported two holes with intersections…