Anglo encouraged
Narrow intersections carrying visible gold have been reported by Anglo Canadian Mining (TSE) from some recently completed drill holes on its MWF property near Timmins, Ont. The claims are situated in …
1990
Audrey, Minnova officials blame brokers for rumors
Rumors sparked by a 55 cents increase in the price of Audrey Resources (TSE) shares and a shortage of reserves at four mines held by Minnova (TSE) recently led investors to conclude that Audrey may be…
Swiss bank case could force Comaplex to sell more assets
Under normal circumstances, recent assays from the Meliadine gold project in the Northwest Territories would have offered Comaplex Resources International (TSE) a financial shot in the arm. The announ…
EDITORIAL PAGE Staking rush, or facsimile thereof
The last of Ontario’s great races from claim staking to the mining recorder’s office turned out to be little more than a race to the telephone. The biggest problem was finding a telephone. When 2,400 …
Forbex agreement
A preliminary agreement has been reached between Ressources Miniere Forbex (ME) and Minnova (TSE) regarding the optioning of property in Beauchastel Twp., near Rouyn-Noranda, Que. The agreement will g…
Avondale, Gulf report assays
Underground drilling of the AK zone on the Inel project in the Iskut River area of northwestern British Columbia is returning mixed results for partners Avondale Resources (VSE) and Gulf International…
GOLDFUNDS (November 12, 1990)
MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
Koala, Manridge planning merger
The proposed merger of Toronto- based Manridge Exploration (TSE) with Koala Resources (VSE) of Vancouver is expected to pave the way for exploration in the Eskay Creek region of British Columbia regio…
NEWS IN BRIEF Golden Chance
Golden Chance Resources Inc. (GCH:VSE) has changed its name to Trimark Resources Ltd. (TRK: VSE) on a 1-new-for-9-old-share basis. Transfer agent is Central Guaranty Trust.
Citadel Gold buying Jam-Can
Toronto-based Citadel Gold Mines (TSE) has agreed to buy all the shares of Jam-Can Resources, a private company, in exchange for 1.45 million shares of Citadel at 15 cents per share. Jam-Can holds thr…
Better grades improve Brewery – Loki outlining large tonnage
An accelerated exploration and development program is being planned by a unit of Noranda (TSE) for the Brewery Creek property. It is a promising bulk tonnage gold prospect 35 miles east of Dawson City…
METAL PRICES FUTURES PRICES (November 12, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 115.80 114.80 115.00 — 2.55 Dec 115.40 113.40 114.95 — 0.70 Jan 114.20 114.20 114.15 +0.95 SILVER (in US ce…