Mercator plans to raise $7.8 million
A $7.8-million public share offering is being planned by Mercator Resource (ASE), following its recent acquisition of all the outstanding shares of Arimetco, a U.S. company. Mercator previously issued…
News
Six rigs on site at Eskay Creek
Operator Calpine Resources (VSE) has six diamond drill rigs continuing to test the 21 zone discovery at Eskay Creek with both stepout and infill drilling. The company and equal partner Stikine Resourc…
Cooler base metal climate reflected in Inco results
The boom in base metal prices which appears to have fizzled out for the time being was reflected in the annual earnings reported recently by Toronto-based Inco (TSE). Inco’s earnings for the year ende…
Kokanee testing Sullivan-type exploration target
Speculation on the significance of recent drilling at the Vine property near Cranbrook, B.C., has dramatically boosted the share price of Kokanee Explorations (VSE). The junior company reported that d…
Obituary Art Hastie
Art Hastie, long-time prospector and stockbroker, died on Jan. 24. He was 85. Hastie was co-founder of O’Leary Malartic and D’Aragon Mines and co-staker of Chiboug Copper, McWatters and Elder Mines. H…
Cominco clarifies Sullivan mine shutdown
Serious operating losses brought about by high production costs and falling zinc prices were cited by Cominco (TSE) as the reason for its decision to suspend mining operations at the aging Sullivan mi…
Teeshin high grade
The first results from drilling completed last month at Teeshin Resources (VSE) Dome Mountain gold property returned an 8.5-ft. intersection grading one ounce gold per ton and 2.64 oz. silver. The sam…
People (February 05, 1990)
BOND INTERNATIONAL GOLD — Hector Figueroa appointed vice- president of finance; George Young, general counsel and secretary, Holly Thomas, director of investor relations.
Correction (February 05, 1990)
Reference (T.N.M., Jan. 22/90) to an exploration project in Grevet Twp. near Matagami, Que., by VSM Exploration (ME) and Serem Quebec included an incorrect tonnage figure. Current reserves stand at 6….
FINANCING (February 05, 1990)
Covenant Res. — min 500,000 offered @ 45 cents per sh. Auriga Res. — 700,000 offered @ 35 cents per sh. Adonos Res. — 550,000 offered @ 50 cents per sh. Nortran Res. — gross proceeds rec $282,00…
Monique financing (February 05, 1990)
Monique Exploration (ME) has entered into a financing agreement with La Societe en Commandite Monique II worth $250,000, the proceeds to go toward mineral exploration. Monique will issue 250,000 commo…
Gold funds as of Jan 30
MVP BGR Central Capital Net value $12.53 $6.44 $0.44 Price $11.75 $7.00 $0.40 Discount 6.23% 8.7% 9% Value $74,596,963 $108,36…