Drill program to test IP targets at Fireweed
A drill program is planned for early 1991 on the Fireweed property north of Smithers, B.C. Mansfield Minerals (VSE) granted Minnova (TSE) the right to earn a 70% interest in the polymetallic project b…
News
Elliot Lake to receive $15-million financing
The area surrounding Elliot Lake, Ont., will receive $15 million from the provincial government to help diversify and revitalize its economy after a series of job losses at the community’s uranium min…
Noranda drills copper-gold bet
Drill results were released by Yellowjack Resources (VSE) from a recent drilling program carried out by a unit of Noranda (TSE) on the Katie porphyry copper-gold prospect near Salmo, B.C. Four anomalo…
Orcana, Morgain drop Findore bet
Toronto-based Findore Minerals (COATS) says Morgain Minerals (VSE) and Orcana Resources (VSE) have dropped their option to earn 65% on five patented Garrison Twp., Ont., claims which Findore holds und…
Agnico chief tells board of illness
The board of directors of Agnico- Eagle Mines (TSE) was recently told that the company’s president and chief executive officer, Paul Penna, is being treated for cancer. In a press release from the gol…
IOCC GOLD OPTIONS (January 07, 1990)
Options Open Series Volume Last Interest Feb. 360 C 50 36.50 303 Feb. 380 C 47 20.50 940 Feb. 400 C 85 10.00 1,925 Feb. 410 C 40 6.75 1,568 Feb. 420 C 72 5.25 2,280 Feb. 430 C 125 3.00 635 Feb. 460 C …
Ruling clears the way for FirstMiss spinoff
First Mississippi (NYSE) hopes to spin off its gold mining subsidiary, FirstMiss Gold (NASDAQ), some time in 1991, the company says. The resource and technology company recently received a long- await…
Curragh financing of Mt. Hundere bet given green light
Curragh Resources (TSE) and partner Hillsborough Resources (TSE) recently completed arrangement for a $55-million financial package for construction of the Mt. Hundere lead-zinc project in the Yukon T…
Coral to sell Loco property
An agreement was reached between Coral Gold (TSE) and Avino Mines and Resources (VSE) over the sale to Avino of the company’s 30% interest in the Loco property. Avino will pay Coral $278,000 in cash p…
New technologies to refine gold, pgm
The Department of Mining & Metallurgical Engineering at McGill University will hold a seminar, April 29-May 1. Topic is “refining and recycling of precious metals — a technology update.” The seminar …
Toronto Stock Exchange Indices (January 07, 1990)
Jan. 1 Dec. 31 Dec. 28 Dec. 27 Dec. 26 HIGH LOW Composite “300” Holiday 3256.75 3237.46 3233.69 Holiday 4009.47 3009.91 Metals & Minerals Holiday 2739.73 2727.00 2742.94 Holiday 3453.06 2502.63 Integr…
St. Phillips to acquire Stork
Subject to regulatory approval, St. Phillips Resources (VSE) has negotiated the acquisition of Stork Resources through a share issue. St. Phillips will issue the private company’s shareholders 600,000…