Toronto Stock Exchange Indices (December 18, 1989)
1989 Dec 12 Dec 11 Dec 8 Dec 7 Dec 6 HIGH LOW Composite “300” 4002.993989.383982.733969.453951.664037.833353.13 Metals & Minerals 3307.533293.633314.663325.623344.303919.203207.50 I…
News
Atlanta slate reinstated
The British Columbia Court of Appeal has overturned the decision rendered in July by the Supreme Court of British Columbia which gave control of Atlanta Gold (TSE) to U.S. Gold (NASDAQ). Consequently,…
Armeno to explore copper deposit in Africa’s Sudan
Vancouver-based Armeno Resources (ME) has entered into a joint venture agreement with the government of Sudan for the exploration and development of a large copper-gold deposit in the African nation. …
The Japanese way to boost gold assets
The recent upswing in the price of gold is being accounted for in several ways by analysts. New legislation in Japan allowing non-life insurance companies to invest up to 3% of their assets in gold bu…
Kewagama sampling vein structure (December 18, 1989)
A recent sampling of the No 2 vein over a portion of the 250 level lying west of the No 1 shaft and directly below the current drifting on the 125 level at the Granada property near Rouyn-Noranda, Que…
Copper-gold find at Hanson Lake (December 18, 1989)
A copper- gold discovery was recently made by Cazador Explorations (VSE) on its Hanson Lake property near Burns Lake, B.C. .T The mineralization was encountered in the main discovery trench within o…
Editorial Determination value
Some say it is impossible to determine the value of a mineral prospect until there is a verifiable measure of mineable ore reserves. Like a car dealer tallying up the value of his business without tak…
Durham antimony closing in January
Low antimony prices have forced Dominion Explorers (TSE) to close its Durham antimony mine in New Brunswick. Employee layoff notices have been issued for a planned shutdown by the end of January, 1990…
Meridian takes option on property adjacent to Beartrack gold
American Gold Resources, a private Houston-based company, has signed a joint venture agreement with Meridian Gold which gives Meridian the right to earn an interest in American Gold’s Arnett Creek pro…
McAvity still bullish on gold as Biron Bay connection shows (December 18, 1989)
Gold guru turned mine financier Ian McAvity is hoping that the recent upswing in the price of gold will revive his reputation as the man with the Midas touch. As president of Toronto-based mining fina…
Chesbar drilling in Chester Twp
A 3,500-ft drilling program has started on Chesbar Resources’ (TSE) Chester Twp. gold property in Ontario’s Swayze greenstone belt. Murgold Resources (TSE) has a 40% interest in the property, 70 miles…
New DRX chairman bids to cash in on mineral assets
As the new chairman of New York-based DRX Inc., Howard Butcher says he will attempt to refocus the company toward the acquisition and development of resource properties. Butcher was recently appointed…