High frontier busy with Arizona play
High Frontier Resources (VSE) is planning an exploration program on the Uno gold property in Mohave Cty, Arizona. The company is planning a 5,000-f t reverse c irculation drill program which will test…
News
Pezim group corrects
The VSE enjoyed yet another lively week of trading activity, thanks to the momentum generated by Murray Pezim’s Calpine Resources and spectacular assay result s from the Eskay Creek gold project in n…
Noranda completes Louvem share deal
Societe Miniere Louvem (TSE) and St. Genevieve Resources (TSE) recently completed an agreement with Noranda Minerals, a unit of Noranda Inc. (T SE), whereby No randa has purchased 800,000 Louvem commo…
Query Zenmac trading on ASE
In 1966 I purchased 500 shares of Zenmac Metal Mines which I still hold. However, I cannot find a listing of this stock. Could you tell me what happened to it and if it has any value today. S. E., Ma…
Sikaman, partners announce start- up for mine in Ghana
A production decision has been announced for the Bogosu gold project in Ghana, Africa, with the start-up scheduled for the third quarter of 1990. One of the project partners, Sikaman Gold Resources (…
Toronto Stock Exchange Metals index depress composite below 4.000
A 27.55-pt loss carried the TSE composite under the 4000-pt mark to a close of 3971.28 pts today. The metals and minerals index was a big loser, slipping a full 1.1% or 45.37 pts to 3815.1 pts. The …
Treminco to buy Silvana mine
Already a gold producer at its Ptarmigan mine near Yellowknife, N.W.T., Treminco Resources (VSE) plans to buy the producing Silvana silver-lead-zinc mine near the town of New Denver in southeastern B…
Earnings (September 11, 1989)
Northgate Exploration (TSE) reported net income of $880,000 or 0.03 cents per s hare for the second quarter. In the same period last year, the company reported net earnings of $1.3 million or 0.06 cen…
McNickle dives
Poor drill results from the Lac St. Jean nickel prospect owned by McNickel Inc. resulted in a sell-off. The issue tumbled to $1.50-$1.75 on active trading today. Results from a series of drill holes, …
Spot prices at a glance (September 11, 1989)
Week’s Price (US) Change Gold* $360.00 –$ 1.20 Silver* $ 5.09 –$ 0.04 Platinum* $475.75 –$ 1.35 Nickel** $ 5.31 –$ 0.41 Lead** $ 0.32 –…
Calpine bids to avoid errors in Eskay Creek assay results
Partners Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) are using an assaying technique they hope will avoid any innaccuracies in t he results r eleased from the Eskay Creek property in…
Corona sells Bond holding
North American gold producer Corona Corp. (TSE) has decided not to pursue an investment strategy to gain control of Bond International Gold (TSE). Corona says it has exercised its right to sell its 7%…