Champion gets option
Champion Gold Resources (COATS) has signed an option agreement with Dore Norbaska Resources (TSE) giving it the right to earn a 15% interest in a gold property near Coronation Gulf, N.W.T. The propert…
News
FINANCING (April 10, 1989)
VANCOUVER Big Creek Res — 200,000 sold for gross $90,000. Bunker Hill Mng Co — opt exerc on 40,000 @ $3 per sh. Golden Rainbow Res — 500,000 sold for gross $160,000. Goldrite Mng Corp — opt exerc …
Correction (April 10, 1989)
Contrary to what was previously reported (N.M., Apr 3 /89, Encouraging results from Trader bet), Pamour Inc. was not a previous operator on a property held by Ronnoco Resources at Nighthawk Lake, near…
Black Swan plans Nevada program
An 8,000 ft drill program is planned this spring by Black Swan Gold Mines (TSE) on its Barrel Springs prospect in Pershing Cty., Nev. The property is held under option from Pershing Gold (SSE). The pr…
Gold funds as of April 4
BGR Goldcorp Central MVP Capital Net value $12.00% 8.93 6.47% $0.73 Price$ 9.50% 5.000 5.62% $0.55 Discount $ 20.83% 44.0% 13.1% 24.7% Value $7…
News in Brief (April 10, 1989)
Melrose Resources (VSE) has signed a letter of intent to purchase 20 claims in the Lac St. Jean area of Quebec. Terms of the agreement require Melrose to make payments totalling $10,000 and issue 100,…
Maufort on own at Siscoe project
Sole ownership of the Siscoe project near Val d’Or, Que., remains with Maufort Resources (ME), the company says. Maufort says Cambior Inc. (TSE) has withdrawn from the operation of the project and, ac…
Dofasco closes deal
Dofasco Inc. (TSE) has completed the purchase of a 25% share interest in Quebec Cartier Mining Co. Quebec Cartier operates iron ore mines and processing facilities in Quebec. Dofasco has also entered …
Spot prices at a glance (April 10, 1989)
Price Week’s ($US) Change($) Gold* 384.40 +1.10 Silver* 5.80 — 0.03 Platinum* 524.75 +1.25 Nickel** 7.02 — 0.15 Lead** 0.26 –0.01 Copper- 1.4…
Colony Pacific earnings decline
Lower oil and gas production volumes and the absence of gains from mineral property sales resulted in a net loss for Colony Pacific Explorations (TSE) of $197,000 or 2.7 cents per share on revenues o…
Metal Prices FREE MARKET (April 10, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 4 Apr 3 Mar 31 Mar 30 Mar 29 Copper 1777 – 1782 1804 – 1809 …
Pegasus options Comet mine
U.S. gold producer Pegasus Gold Corp. (TSE) has signed a letter of intent to option the Comet mine property in Montana held by High River Gold Mines (VSE). Located just six miles from Pegasus’ Montana…