U.S. REPORT Fairbanks boosts Fort Knox reserves
The preliminary “resource” estimate at the Fort Knox gold deposit at Fairbanks, Alaska, has jumped 50% from what was indicated at the end of 1989, Fairbanks Gold (VSE) reports. At a cutoff grade of 0….
Articles by Northern Miner Staff
Equity sale keeps CoCa in black
Earnings reported by CoCa Mines (TSE) for the third quarter ended Sept. 30 declined to US$52,700 from earnings of US$255,000 in the third quarter of 1989. The sale of the company’s remaining position …
Toronto Stock Exchange Echo Bay issue suffers from market jitters,
When the going gets tough, trigger-happy investors tend to over- react to the slightest hint of bad news. That may explain the US$1.38 drop today, Nov. 21, in the price of Echo Bay Mines shares. The p…
Marshall sees more reserves in Ivory Coast gold project
Marshall Minerals (ASE) says new drill results from a large concession on West Africa’s Ivory Coast have expanded the reserve potential on the project’s largest deposit by about 15%. The latest assays…
Ramrod drilling
The first hole of a 15-hole drill program on Consolidated Ramrod Gold’s (VSE) Mina Marta concession in Spain has intersected a 75-ft.-wide zone of gold-bearing quartz veins. The highest values reporte…
Greyhound option
An option to earn a 65% interest in the Lynx gold property in northern Saskatchewan’s La Ronge greenstone belt has been acquired by Vancouver-based Greyhound Communications (VSE). The company, which p…
Greenstone, Boliden drilling Panama bet
A 128,000-ft. drilling program has started on the Santa Rosa gold property of Greenstone Resources (TSE) and Boliden International in central Panama. The joint venture is held 51% by Boliden and 49% b…
News In Brief (November 26, 1990)
Visible Gold Inc. (VIG:VSE) has changed its name to Lansing Enterprises Inc. (LEI:VSE) with a consolidation of capital on a 1- new-for-3-old-share basis. The transfer agent is National Trust.
Parlake defers special meeting
A special meeting of shareholders has been deferred one week to Nov. 30 by Parlake Resources (TSE). In August, Parlake directors voted to issue one million treasury shares to T.G.A. Management at 23 c…
Toronto Stock Exchange Indices (November 26, 1990)
Nov. 20 Nov. 19 Nov. 16 Nov. 15 Nov. 14 HIGH LOW Composite “300” 3107.20 3132.99 3128.51 3114.51 3127.64 4009.47 3009.91 Metals & Minerals2561.76 2571.69 2549.00 2541.13 2568.91 3453.06 2502.63 Integr…
EDITORIAL Sales potential
From the useless-news-release department comes an announcement that the Earth Observation Satellite Company (EOSAT) has appointed a sales representative in Mongolia. EOSAT, which operates the U.S. Lan…
Metal Prices FREE MARKET (November 26, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date November20 November19 November16 November15 November14 Copper 1327-1329 1329-1330 13…