Calpine to spend $2.3 million on GNC
The GNC property located immediately adjacent to the Eskay Creek property in northwestern British Columbia is to be the subject of a $2.3-million work program by Calpine Resources (VSE). Calpine is co…
News
Ontario approves exploration grants
Two exploration assistance programs received royal assent on July 13. The Ontario Mineral Incentive Program will provide grants, up to 30% o f eligible expenses or an annual maximum of $150,000, to i…
Calpine drill results fail to meet high expectations
The euphoric frenzy of trading activity on The Vancouver Stock Exchange triggered by spectacular drill results from the Eskay Creek project has been tempered by the latest set of assay results release…
Granges set to close Tartan Lake
Closing the problem-plagued and unprofitable Tartan Lake gold mine in Manitoba is likely to be among the first of several initiatives undertaken by Colin Kaiser to place Granges Inc. (TSE) on the road…
Alberta Stock Exchange Trading lacklustre (September 18, 1989)
In a week when trading activity could only be described as lacklustre, what little action there was came from a couple of unlikely sources. Reed Lake Exploration and Dunfrazier Gold are two issues, wh…
Eagle River decline intersects gold zone
A decline has reached its target depth 150 ft underground on the Eagle River joint venture property owned by Central Crude (TSE) and Hemlo Gold Mines (TSE) in the Mishibishu gold camp. Situated 53 mil…
Barrick fails to stifle publicity over control battle ah **
A New York court has dismissed for lack of evidence American Barri ck Resources’ (TSE) recent attempt to stifle an alleged disinformation campaign relating to a lawsuit over the Mercur gold mine in Ut…
Doe Run passes two safety milestones
The Doe Run Company’s southeast Missouri mining and milling division has passed two safety milestones. Earlier this summer, its 516 employees passed one million hours of work — or more than 11 months…
Spot prices at a glance (September 18, 1989)
Week’s Price (US) Change Gold* $358.80 –$ 1.20 Silver* $ 5.08 –$ 0.01 Platinum* $474.60 –$ 1.15 Nickel** $ 4.86 –$ 0.45 Lead** $ 0.32 –$ 0.02 Cop…
TSE Short Positions (September 18, 1989)
Semi-monthly report as of Aug 31 showed 30,170,240 shares of 607 issues compared with 32,020,882 shares of 619 issues on Aug 15. Larger individual positions include: Agnico-Eagle 75,700 down 133,700; …
Plexus swaps properties to acquire copper/gold project
By way of a property exchange with Cyprus Metals Exploration, Plexus Resources Corp. (TSE) has acquired development rights to an advanced copper-gold-silver property some 45 miles east of Salem, Ore. …
INSIDER TRADES (September 18, 1989)
Black Cliff — M. Au sold 189,000 (Aug., private) @ 20 cents to hold 87,500. Brewbac — N. Brewster sold 23,621 (July) @ 10 cents to hold 38,592. Cane — Jonpol bought 40,000 (July) @ 9 cents -10 cen…