News in Brief Rado Reef Resources
Rado Reef Resources has changed its name to National Gold & Nickel Resources Inc. (NNG: VSE) on a 1-new-for-5-old share basis. Transfer agent is National Trust Co. Monica Resources has changed its nam…
News
People DUNFRAZIER GOLD EXPL.
Ivan Christopher appointed president succeeding Walter Cummings.
U.S.REPORT Reserves calculated for Mexican Hat
A second phase exploration program was recently completed at the Mexican Hat property in Cochise Cty., Ariz. The property is owned 60% by Placer U.S., a unit of Placer Dome (TSE), and 40% by Oneida Re…
Spot prices at a glance (June 11, 1990)
Week’s Price (US) Change Gold* $359.80 — $5.90 Silver* $5.09 — $0.04 Platinum* $491.75 — $4.75 Nickel** $3.65 — $0.18 Lead** $0.37 — $0.01 Copper- $1.19 + $0.01 Zinc $0.79 Courtesy of Scotiabank….
LETTERS TO THE EDITOR Tips on productivity, safety for CDDA
The Canadian Diamond Drilling Association (T.N.M., May 21/90) says its members must increase productivity to remain competitive and to survive: they must drill more feet (or metres) per man-hour. But …
Toronto Stock Exchange Indices (June 11, 1990)
June 5 June 4 June 1 May 31 May 30 HIGH LOW Composite “300” 3596.67 3601.50 3592.99 3581.99 3565.55 4009.47 3334.13 Metals & Minerals 3235.64 3258.35 3239.08 3217.20 3191.98 3453.06 2850.84 Integrated…
Newhawk resumes drilling at Sulphurets
A $1.2-million drill program totalling 18,000 ft. has started on the Sulphurets property, owned 60% by Newhawk Gold Mines (TSE) and 40% by Granduc Mines (TSE). The program is designed to test the down…
OBITUARIES Norman Ursel led Noble Peak north
Norman Ursel, president of Noble Peak Resources and Norman H. Ursel Associates, died in Toronto, Ont., May 29. He was 63. Ursel is best known for his pio 0000,0600 neering activities in Canada’s far n…
Perrex, Teck agreement
An exploration agreement has been concluded by Teck (TSE) with Perrex Resources (ASE) and Gwen Resources (ASE), covering the latter companies’ gold property in northwestern Quebec. Teck can earn a 60%…
FINANCING (June 11, 1990)
ONTARIO Tri Link Res — 1,800,000 Cl A com offered @ $4.20 per sh to net $7,106,400. VANCOUVER Rinsey Mines — 650,000 offered @ 45 cents per sh. Royce Ind — 700,000 sold for gross $245,000. Woodridg…
Belmoral sees some hope at Val d’Or
Belmoral Mines (TSE) will put all of its cash flow into the Val d’Or gold operations, Gordon Strasser, the new chief executive officer of Belmoral, told shareholders at the company’s annual meeting. “…
Canamax entering period of consolidation: Lenton
Shareholders and analysts who attended the recent Toronto annual meeting of Canamax Resources (TSE) were reminded of how much the mining industry has changed in the past couple of years. Only two year…