Curragh completes public stock sale
The subordinate voting shares of Curragh Resources (TSE) have been listed for trading on the Montreal and Toronto stock exchanges, following completion of the company’s initial public offering earlier…
1990
Cameco, Trimin expand to the west on Hanson Lake zone
Drilling on the Hanson Lake property by Trimin Resources (TSE) and Cameco continues to intersect economic-grade mineralization. Hole 61, the most westerly hole drilled to date, cut 15.7 ft. grading 1….
Modernization offers hope for high-cost gold mines
With the price of gold bullion recently sinking below US$360 per oz., mining companies will be facing increasing pressure to keep production costs in line at their operations. Declining precious metal…
Alberta Stock Exchange Durvada gains 33 cents
Nine recently completed drill holes on BMR Gold’s America Mine project in California have intersected more high-grade reserves in an area where initial open pit production is planned. One intersection…
Montreal Stock Exchange New VSM zone
News of a new zone discovery at the Grevet zinc property near Matagami, Que., helped propel the shares of VSM Exploration to $1.20, a gain of 35 cents, on a volume of more than 500,000 shares, for the…
Major General drilling on Pickle Lake project
A 6,500-ft. drill program has started on Major General Resources’ (VSE) Dorothy Lake gold project, about 50 miles west of Pickle Lake in northwestern Ontario. The 62-claim property is about nine miles…
Corona restructures, ups offer in bid to win control of Eskay
Moving to consolidate its position in the Eskay Creek project in British Columbia, Corona (TSE) has tied up control of the gold deposit’s two major players. Under a revised merger deal, Corona has acq…
U.S.REPORT Equinox cuts deals in Nevada
Two earn-in agreements signed by Equinox Resources (TSE) could see up to US$1.5 million in exploration funds spent on the company’s Nevada properties. The first joint venture grants Amax Gold (NYSE) t…
Metal Prices FREE MARKET London Metal Exchange (June 11, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 5 June 4 June 1 May 31 May 30 Copper 1563-1565 1603-1605 1558-1560 1578-1580 1562-1564 Lead 488-490 4…
People DUNFRAZIER GOLD EXPL.
Ivan Christopher appointed president succeeding Walter Cummings.
Biron drilling at Summit gold project
Biron Bay Resources (ASE) says exploration diamond drilling has resumed at its Summit gold project in the Steeple Rock mining district of New Mexico. The target of Biron’s current work is the Norman K…
Insider Trading Toffan benefitting from Eskay activity
John Toffan, chairman of Prime’s partner Stikine Resources (TSE), may wind up better off financially though he may never be as recognized for his role in the Eskay Creek gold discovery as Prime Resour…