Noront placement
Noront Resources (VSE) has hired Canarim Investment Corp. to act on its behalf in a $460,000 private placement involving 400,000 units at $1.15 per unit. Each unit consists of one common share and one…
News
Lifetime licence….photo
Robert M. Ginn (right), president of The Prospectors and Developers Association of Canada, is presented with a permanent prospectors licence by Ontario’s mines minister Sean Conway. Ginn was recognize…
Metal snips (June 26, 1989)
Plans to expand the capacity of a number of zinc-producing facilities around the world are in the works. Zinc Corp. of America is reported to be considering increasing the capacity of its Monaca, Pa.,…
Hamburg, West Germany to host Potash ’91
The second international potash technology conference will take place May 27-28, 1991, in Hamburg, West Germany. “Potash 91” will survey new developments in the potash industry including topics in geo…
Gold funds as of June 20
MPV BGR Central Capital Net value $11.54 % $ 6.00 % $0.58 Price $ 9.625% $ 5.50 % $0.46 Discount $16.59% 8.3% 26.1% Value $68,735,288 $100,964,924 N/…
South American Goldfields outlines Guyanese gold find
A large, highly anomalous gold area has been outlined by Homestake Exploration on the Akaiwong property held under joint venture with South American Goldfields (TSE). The Akaiwong property covers seve…
Exmar busy in Newfoundland
Surface sampling has returned anomalous gold-silver values on Exmar Resources’ (VSE) Yak Lake property on Newfoundland’s Baie Verte Peninsula. The company says recent surface sampling has yielded valu…
95% recovery from Turquetil gold bet
Metallurgical test work has demonstrated a 95.4% gold recovery rate from drill core samples taken on the Turquetil property owned by Noble Peak Resources (ASE) and Dejour Mines (TSE). The property is …
Galactic suspends mining at Summitville
Concerns about the stability of a leach pad facility at the Summitville open pit gold mine in Colorado has prompted Galactic Resources (TSE) to temporarily suspend mining operations. The company said …
Metal Prices (June 26, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 20 June 19 June 16 June 15 June 14 Copper …
Bull Run, Freeport settle Big Springs dispute
An agreement has been signed between Bull Run Gold Mines (NASDAQ) and Freeport-McMoRan Gold (NYSE) to settle their dispute regarding the operation of the Big Springs gold mine in Nevada. As part of th…
People (June 26, 1989)
AGNICO-EAGLE MINES — C. B. (Cuffy) Dixon appointed to the board of directors.