News In Brief (August 27, 1990)
Starlight Energy Corp. (SEY: VSE) has changed its name to Hansa International Resources Ltd. (HAN:VSE) on a 1-new-for- 3.5-old-share basis. Transfer agent is Central Guaranty Trust.
News
METAL PRICES FUTURES PRICES (August 27, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 132.50 131.70 132.05 — 1.95 Sept 132.50 130.50 131.75 — 1.10 Oct 129.00 129.00 129.80 — 0.05 SILVER (in US…
Court puts Aur, Louvem to square one
Having won more time to consider all of their options relating to the Louvicourt Twp. base metal discovery, officials from Noranda (TSE), Aur Resources (TSE) and St. Genevieve Resources (TSE) have res…
Asarco extends Taseko drilling
Additional assays were released by Westpine Metals (VSE) from recent drilling on the Taseko copper-gold project, 140 miles north of Vancouver, B.C. The drill program is being funded by a unit of Asarc…
U.S.REPORT Asset sale hikes CoCa Mines income
Denver-based CoCa Mines (TSE) reports net income of US$586,100 (5 cents per share) on revenue of $5.3 million for the quarter ended June 30, compared with a net loss of $399,700 (4 cents per share) on…
Minnova uncovers new zone near Winston Lake mine
Persistent exploration efforts by Minnova (TSE) around the company’s Winston Lake mine near Schreiber, Ont., have resulted in the discovery of a significant new zinc-copper zone about 1.5 km southwest…
Agnico raises $27.6 million for projects
Through a proposed public offering of 3.2 million units, Agnico- Eagle Mines (TSE) will raise $27.6 million for its exploration and development projects. The units, offered on a “bought deal” basis by…
GOLDFUNDS2 (August 27, 1990)
MVP BGR Central Capital Net value $11.48 $5.97 $0.32 Price $9.625 $6.250 $0.22 Discount 16.16% 4.7% 31.3% Value $68,325,220 $105,151,875 N/A…
Gold treasure
Treasure hunters who found thousands of gold coins and rare gold bars in a ship that sank 133 years ago off the coast of South Carolina may keep their loot, a federal judge in Norfolk, Va., ruled rece…
Montreal Exchange Lightning zone assays
Drilling of the Lightning gold zone in Harker and Holloway twps. in northeastern Ontario continues to excite operator Noranda and project partner Freewest Resources. Several intersections cutting more…
Superconductors will feature Inco metal alloys
An agreement has been signed between Inco Alloys International (IAI), a division of nickel giant Inco (TSE), and American Superconductor Corp. (ASC) of Massachusetts related to joint development of IA…
Alberta Stock Exchange Galore boosts Yukon
Volume leader during the week ended Aug. 21 was Yukon Minerals which traded more than a million and a half shares for a gain of 12 cents. The Yukon issued closed at 28 cents after the company announce…