BMR finds new gold zone at America mine project
Some encouraging gold intersections were reported recently by BMR Gold (ASE) from its America mine project, 120 miles south of Las Vegas, near Amboy, Calif. Under an agreement with Fischer- Watt Gold …
1990
Mercator plans to raise $7.8 million
A $7.8-million public share offering is being planned by Mercator Resource (ASE), following its recent acquisition of all the outstanding shares of Arimetco, a U.S. company. Mercator previously issued…
Battle financing
Battle Mountain Gold (NYSE) is planning an issue of five million common shares which will gross about $105 million. The deal is one in a series of large gold equity offerings which have hit the market…
Vancouver Stock Exchange Trading activity comes to life
With gold prices moving in the right direction and companies announcing drilling budgets for the coming season, trading activity on the Vancouver Stock Exchange is beginning to show signs of life. At …
U.S. ruling removes delays at Crow Butte uranium project
Nebraska’s Attorney General has issued a favorable ruling on a foreign ownership issue that has held up the permitting process for the Crow Butte uranium mining project in that state. In a recent rele…
Normetal contract
Normetal Mining Exploration (ME) has signed a milling and smelting contract with Noranda (TSE) for the refining of 70,000 tons of zinc-silver ore, and the purchase of zinc and silver concentrates, by …
Franco-Nevada buys Interlake’s Hemlo property
Toronto-based Franco- Nevada Mining (TSE) has acquired what it considers to be a promising long-term prospect to supplement its royalty interest in American Barrick Resources’ (TSE) Goldstrike gold mi…
Goldteck takes Bellview to feasibility
At a recent meeting, directors of Goldteck Mines unanimously approved a decision to advance to feasibility the Bellview gold project in White Pine Cty., Nev. A feasibility study, financed 100% by Gold…
Teeshin high grade
The first results from drilling completed last month at Teeshin Resources (VSE) Dome Mountain gold property returned an 8.5-ft. intersection grading one ounce gold per ton and 2.64 oz. silver. The sam…
Rio Algom, Denison both sue over Elliot mine practices
Uranium miners Rio Algom (TSE) and Denison Mines (TSE) are suing each other over mining practices near the borders of their respective properties close to Elliot Lake, Ont. In two separate lawsuits, R…
People (February 12, 1990)
PEGASUS GOLD — James Redpath appointed a director succeeding James Foreman. Stanton Bennett, vice-president and secretary, has retired. Lyle Beaudoin will assume the responsibilities of general couns…
Montreal Exchange Latest Grevet results
The volatile gold market had a negative effect on resource issues for the week ended Feb. 6, with the mining and minerals index off more than 19 points in mixed trading. The general market portfolio i…