`Dirt-pile’ swindles under investigation
The U.S. Bureau of Mines is a well-known prospector of that nation’s mineral supplies. But recently, the bureau has been involved in protecting the American public from what has been dubbed the “Fool’…
News
Lytton in conflict
A proposal to consolidate its shares and change its name is in conflict with the rules of The Toronto Stock Exchange, Lytton Minerals (TSE) has learned. The proposal, if accepted by shareholders, woul…
Coral Gold extends Robertson mine holdings
Vancouver’s Coral Gold (TSE) has added a further 3,000 acres of mineral claims to its Robertson gold mine holdings in Nevada. Coral now holds 11,000 acres at Robertson, an open pit, heap leach gold mi…
EMR announces grants
The federal Ministry of Energy, Mines and Resources has announced $1.39-million worth of research grants for 1989-90 to 38 universities and provincial institutes. Mining and minerals research will rec…
Gold funds as of June 6
MPV BGR Central Capital Net value 11.25 % $ 6.01% $0.57 Price $ 9.625% $ 5.38% $0.41 Discount $ 15.94% 10.6% 28% Value …
Glimmer, Noranda deal
Glimmer Resources (VSE) has optioned a gold prospect to Noranda Exploration, the exploration arm of Noranda Inc. (TSE). The 13-claim property is in Hislop and Beatty twps., Ont. Glimmer has also signe…
Metal Prices FUTURES PRICES (June 12, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun106.40 106.40 106.50 — 7.10 Jul109.10 106.70 107.30 — 7.20 Sep107.90 106.00 1…
News in Brief (June 12, 1989)
Nickling Resources has changed its name to Florin Resources Inc. (FLN:VSE) on a 1-new-for-3-old share basis. Transfer agent is Central Guaranty Trust Company.
Rio averts strike at tin mine
Mine workers at Rio Algom’s tin mine in Nova Scotia have voted 90% in favor of accepting a 2-year contract. The agreement, the first between mine management and the United Autoworkers of America, give…
Toronto Stock Exchange Gold sector heated up by bullion rally
A $13 surge in the price of gold did wonders for the beleaguered gold and silver index which advanced by more than 320 pts — or about 6%. Turmoil in China and the death of Iran’s Ayatollah were two o…
COATS McNickel lower
Toronto-based McNickel Inc. slipped 20 cents lower to close at $3.30 on a volume of 21,500 shares this week. The company expects to have drills turning soon on its Lac St. Jean, Que., nickel-copper pr…
Placer drills Oneida bet
Placer Dome Inc. (TSE) has assumed management of the Mexican Hat project in Arizona from Oneida Resources (VSE). Placer has an option on the property giving it the right to earn a 60% interest by maki…