Gunnar, Mill City to lease gold betin Colorado
Gunnar Gold and Mill City Gold have entered into a lease agreement with Horizon Gold Shares of Evergreen, Colo., to evaluate the Ute Creek property near Idaho Springs, Colo. The lease calls for minimu…
News
CME seeks control of Pine Bell Mines
If shareholders of CME Capital Inc. approve the transaction at a special meeting to be called shortly, this company will take over control of Pine Bell Mines. The proposal is to acquire l,950,000 shar…
Mid-North completes financing; signs exploration deal
A recent share issue raised $340,000 for Mid-North Resources of Calgary. The company sold 500,000 common shares at 68 cents per share, with the accompanying 250,000 warrants being exercisable at 75 c…
Exploration on Leipsigate bet to be squekly clean, Coxheath
Geologist Michael Riddell says his tse-listed company, Coxheath Gold Holdings of Halifax, is going to tread very softly exploring a gold property in Nova Scotia, near the town of Bridgewater. Located …
Northumberland confident N.B. mine will be approved
Geologist William Young is confident his company, Northumberland Mines will give New Brunswick its first, albeit small, full- fledged precious metals mine within a year. The provincial government has …
Nevada Goldfields opens new mill
Its Kingston mill having been commissioned in March, Vancouver-based Nevada Goldfields shipped about 1,100 oz gold during that month, the company reports. Nevada Goldfield’s new mill is a 500-ton-per-…
Queries Provincial taxes are highest in Ontario
How is mining tax (in particular, processing allowances) determined in the province of Ontario? Also, I have heard that the Ontario mining tax rate has recently been lowered by the provincial governme…
Metal Prices FUTURES PRICES (July 20, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) July 76.20 73.70 76.15 + 3.80 Sept….
Queenstake meets projections
All of Queenstake Resources’ gold mining properties are “meeting their 1987 production and operating cost projections,” says Gordon C. Gutrath, president. Approximately 780 oz of June gold production …
Coxheath uncovers gold-bearing zone
A new gold-bearing zone has been discovered by Coxheath Gold Holdings on its Tangier property located 50 mi northeast of Halifax, N.S. President Michael Riddell reports the following assays of drill c…
News in Brief (July 20, 1987)
Geomaque Explorations has completed a geophysical survey on its 29-claim property in Bourlamaque Twp., Que. The work outlined several anomalies which have never been drill tested.
Investment Comment Track record makes Minnova a bet
With three new high grade mines coming onstream by 1989, greater cash flow and clean balance sheet, Minnova Inc. looks like a worthwhile bet to a couple of Toronto brokerage houses. In a report titled…