Syngold amalgamates with Int’l Thunderwood
An amalgamation of International Thunderwood Explorations (TSE) and Syngold Explorations (TSE) has been completed. The new company is called Thunderwood Resources and will be listed on The Toronto Sto…
News
Metall offering filed but size not available
Toronto-based Metall Mining (TSE) recently filed a preliminary prospectus for a public offering of subordinated convertible debentures. Metall said the debentures will be convertible into common share…
Juniors shift attention to base metals as prices for precious
On the edge of the world’s largest anorthosite intrusion, 25 miles north of Lac St. Jean, Que., the rumble of diamond drill rigs echoes across the rolling terrain. Drill results from this summer’s wor…
Glencairn Explorations issues rights offering
A rights offering will be offered to shareholders of Glencairn Explorations (ASE) of Toronto. Under the terms of the offering shareholders may subscribe to one common share for each four common shares…
Metal Prices (June 19, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 13 June 12 June 9 June 8 June 7 Copper 1677-1…
FINANCING (June 19, 1989)
VANCOUVER Cons Trout Lake — gross proceeds rec $175,000. Rio Gold Mining — 560,000 sold for gross $448,000. Ezekiel Expls — 250,000 sold for gross $87,500. Big Strike Res — opt exerc on 162,500 @ …
Spot prices at a glance (June 19, 1989)
Week’s Price (US) Change Gold* $361.60 –$13.90 Silver* $ 5.23 –$ 0.17 Platinum* $483.75 –$24.00 Nickel** $ 5.47 –$ 0.39 Lead** $ 0.31 –$ 0.01 Copper …
Funding in place for McAdam test mill
Financing to fund construction of the Spud Valley test mill facilities on Vancouver Island has been arranged, McAdam Resources (TSE) reports. McAdam has entered into an agreement with associated compa…
Montana boy makes good
From a speech by Frank Duval, President of Montana Reserves Co., at the Montana Mining Association’s centennial convention. Montana mining hit it big in the national press this year. Any of you get …
Atlanta management slate re-elected
Despite a hostile take-over attempt by a coalition of its two largest shareholders, Atlanta Gold Corp. (TSE) has retained its long-standing management team headed by President Olaf Tolpinrud. Results …
News in Brief (June 19, 1989)
The date for the separation of the seven million units issued last month by LAC Minerals (TSE) consisting of one common share and one-half warrant — 1989 series, will be June 19, the company reports….
McChip to drill Timmins gold bet
Additional diamond drilling is planned this year on a Timmins area gold property under option to McChip Resources (TSE) from Noranda Exploration. Under the terms of an option agreement, McChip has the…