Granges sets budget for 1990 exploration
A budget of $7 million has been set by Granges (TSE) for exploration in Canada this year. In addition, the company’s 59% owned subsidiary, Hycroft Resources & Development (TSE), plans to spend a furth…
Articles by Northern Miner Staff
Toronto Stock Exchange Soaring bullion prices whipsaw gold index
Gold came back with a vengeance today, Jan. 24., as investors unloaded bonds and equities and sought the refuge of bullion. The trading added more than $8 to the price of an oz. of gold which was set …
Ventex spending $1 million for Manitoba gold-silver-zinc bet
Ventex Energy (VSE) has signed an agreement to acquire a 100% interest in the Sylvia gold-silver- zinc property, 75 miles southeast of Flin Flon, Man. The property vendors are Mingold Resources, a pri…
Spot prices at a glance (January 29, 1990)
Week’s Price (US) Change Gold* $413.75 +$3.15 Silver* $ 5.28 +$0.05 Platinum* $500.10 +$3.85 Nickel** $ 2.78 $0.49 Lead** $ 0.32 Copper $ 1…
Black Hills ban confounds mining community
The sudden and unexpected announcement that minefinders might soon become outcasts in the Black Hills of South Dakota has angered some explorationists. It doesn’t help that operating mining companies …
Custom milling agreement, next step for Stratabound
Finding someone willing to custom mill ore from the CNE zinc- lead-silver property near Bathurst, N.B., appears to be the next logical step for Stratabound Minerals (ASE). After releasing the last bat…
Toronto Stock Exchange Indices (January 29, 1990)
1989 Jan. 23Jan. 22Jan. 19Jan. 18Jan. 17HIGH LOW Composite “300”3812.683801.513865.073857.393872.274009.473801.51 Metals & Minerals3090.563068.083115.733143.113137.043453.053068.08 Integrated mines…
Deak seeks funds for mill work
Having recently raised $3.85 million in subscription funds backed by debentures, Deak Resources (TSE) is hoping to have commitments by the end of January for an additional $10 million to cover the cos…
Editorial COATS and the OSC don’t mix
For almost four years now, the Canadian Automated Over-the- counter Trading System has been, in effect, trying to carve out a market niche for itself. When barely one year old, it survived the market …
OSC revises rules governing COATS
The Ontario Securities Commission has changed the rules that govern trading of over-the-counter securities on the Canadian Over- the-Counter Automated Trading System known as COATS. Citing concerns th…
Canchrome financing
Gateford Resources (ASE) says its affiliate Canchrome Mines has completed a $1.4-million flow- through unit offering. Canchrome plans to use the funds to finance the exploration and development of chr…
Ministry of Natural Resources
The Ministry of Natural Resources, Ontario Basic Mapping (OBM) Section, is expanding its program of mapping in the province. These maps are being used for real property records, land and resources man…