Alberta Stock Exchange Guinness, Holmer up
In a week when trading patterns could only be described as lacklustre, slight gains were made by a couple of issues which haven’t been in the limelight lately. Guinness Gold Resources advanced by 20 c…
News
Letters to the Editor Eliminate the Commissar of Mines’
Your editorial of Oct 16, 1989, “Cut to Via are long overdue,” objecting to another industry (railroads) getting money from the taxpayer, is interesting considering there has probably been a hundred e…
Metal Prices (November 20, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 14 Nov 13 Nov 10 Nov 9 Nov 8 Copper 1701-17…
Initial drilling returns good values at Rainbow Hill
Although still in its early stage, initial reverse circulation drilling on the Rainbow Hill lode gold project near Cantwell, Alaska, has returned encouraging results for 100% owner, Canalaska Resource…
Drilling to begin at Reymont project
Drilling is scheduled to get under way this month at Reymont Gold Mines’ (ASE) Great Western Star gold-copper property near Nelson, B.C. Spending $3 million by 1994 and making staged payments of $500,…
Gold Standard set to explore Uruguay with Big Pony Gold
Gold Standard (NASDAQ), the Utah-based company which is preparing to do battle with American Barrick Resources (TSE) in court next year for control of the Mercur gold mine, recently raised $2.55 milli…
Audrey tonnage on Mobrun 1100 lens increases by 75%
Probable ore reserves in the 1100 lens at the Mobrun polymetallic mine in Quebec have nearly doubled, says operator Audrey Resources (TSE). The mine, which produces copper, zinc, gold and silver from …
Editorial Teaching teachers From Triangle, a publication of Inco’s
It may be a slow process, but mining companies are beginning to show results in changing attitudes about the industry. At least that’s the thinking of almost 40 school teachers who took part in an a…
Aur considers deep hole to test deposit (November 20, 1989)
Aur Resources (TSE) is weighing the possibility of drilling a 4,500-ft hole to test for a major depth extension of the burgeoning massive sulphide deposit it is exploring with Societe Miniere Louvem (…
Shareholders approve Citadel restructuring
Shareholders of Citadel Gold Mines (TSE) recently approved a corporate restructuring which will see most of the company’s assets sold to Citabar Limited Partnership for about $14 million. Citadel, whi…
Over 100 speakers at western gold show
The Western Gold Show will be held on Nov 28-30 in San Francisco. More than 100 speakers, some 80 exhibitors and an audience of 2,000 investors are expected to attend, compared with 40 exhibiting comp…
Bond reports loss of $1.9 million (US)
A net loss of $1.96 million(US), or 3 cents per share, was reported recently by Bond International Gold (TSE) for the company’s first quarter ended Sept 30. That figure compares with net income of $1….