Glamis gets nod for U.S. mine
Mining at a rate of 3,000 tons per day is slated to begin in early July of this year at the Alto gold property held by Glamis Gold (TSE) in Calaveras Cty., Calif. The company said a settlement was rea…
News
Mining’s `Queen Bee’ has close call but still a driving force for
Had an interesting phone call recently from a petite, colorful and outstanding Canadian mining enthusiast the industry came very close to losing recently — Viola MacMillan. “Mort Brown,” she said. “I…
NASDAQ would end penny stock trading
The national over-the-counter market in the U.S., known as NASDAQ, is proposing to end trading in most stocks worth less than US$1. NASDAQ lists almost 5,000 issues, including many penny stocks. The m…
Toronto Stock Exchange Indices (April 09, 1990)
Apr. 3 Apr. 2 Mar. 30 Mar. 29 Mar. 28 HIGH LOW Composite “300” 3648.12 3612.20 3639.54 3665.87 3677.33 4009.47 3612.20 Metals & Minerals 3193.62 3117.38 3125.70 3176.61 3174.91 3453.05 2921.03 Integra…
Integrated Resources busy on B.C. property
Edmonton-based Integrated Resources (ASE) has started an exploration program on the company’s properties near Telegraph Creek in northwestern British Columbia. Work completed last fall on the properti…
Aber, Hidden Lake to explore N.W.T. bet
Based on a recently signed letter of intent, Aber Resources (VSE) and Hidden Lake Gold Mines (VSE) plan to form a joint venture to explore mineral claims at Trumpline Lake, about 45 miles east of Yell…
U.S. Report Placer buys Oneida shares
An option agreement signed in 1989 has resulted in Placer U.S., a wholly owned subsidiary of Placer Dome (TSE), owning one million shares of Oneida Resources (VSE). The option agreement called for Pla…
Cache option deal
Montreal-based Cache Explorations (ME) is increasing its land position in Courville Twp., Que., where the company has been drilling a gold property optioned from Parquet Resources (TSE). Subject to re…
Rough ride for North American Metals
The 1989 annual report of North American Metals (TSE) reveals a far different picture of the Golden Bear project in northwestern British Columbia than was likely envisioned by Homestake Mining (NYSE) …
FINANCING (April 02, 1990)
Dunvegan Expl — 370,000 non-flow-through and 280,000 flow-through offered @ 81 cents per unit. Excellon Res — gross proceeds rec $227,500.
West Coast Skarns
Skarns containing gold as the predominant, and in some cases the only, economic mineral are classed as gold skarns while precious metal enriched (PME) skarns include any iron or base metal skarn that …
Asarco grant
Asarco (NYSE) is contributing a grant of US$200,000 to Montana Tech in the state of Montana to endow a US$150,000 professorship in minerals engineering and provide US$50,000 for scholarships. Active i…