COATS (over-the-counter) Montrose speculation
Speculation on results from a 3-hole drill program at Montrose Gold’s 10-claim prospect in Montrose Twp., Ont., sent the junior’s share price soaring to 80 cents, up 30 cents from last week’s close on…
News
Placer banks $288.5 million on sale of oil and gas subsidiary
For cash proceeds of $288.5 million, Placer Dome (TSE) has completed the sale of its Canadian oil and gas operations to Calgary-based Opus Acquisition. The sale, which will have a substantial impact o…
FINANCING (October 08, 1990)
Pacific Summa Capital Corp. — 200,000 shs offered @ 50 cents per sh. AIC International Resources Corporation — 300,000 shs offered @ 35 cents per sh. Tyme Resources Ltd. — 700,000 shs offered @ 20 …
BOOKS IN REVIEW Register of Australian Mining
Register of Australian Mining 1990/91, is now available in Canada. More than 20 journalists and researchers contributed to this year’s edition. Along with highlights of new discoveries and the rush in…
Gold Canyon and Noranda to explore Blue Dog
An agreement in principal has been reached between Gold Canyon Resources (VSE) and a unit of Noranda (TSE) for the funding of further expenditures on the Blue Dog gold project in Washington Cty., Idah…
NEWS IN BRIEF Christina Exploration Ltd.
Christina Exploration Ltd. (KRX:VSE) has changed its name to I.E.S. Technologies Corp. with no consolidation of capital. Transfer agent is Pacific Corporation Services.
Reserve estimate boosted at disputed Brookbank bet
An Ontario gold deposit, currently the subject of a court battle involving Metalore Resources (TSE) and Ontex Resources, (ASE) may prove to be much larger than the two companies had anticipated. After…
Iskut to earn 50% of J.A.G. gold bet
Vancouver-based Iskut Gold (VSE) has obtained the right to earn a 50% stake in Les Mines J.A.G.’s (ME) Belleterre gold property, 62 miles southwest of Val d’Or, Que. To earn the interest, Iskut Gold m…
Frustrated promoter Pexim `quitting the business’
Mark Twain’s satirical observation that October is a bad month for the stock market rang true once again as the Vancouver Stock Exchange ushered in the month by tallying up its worst trading day in ei…
Gold Standard wins Mercur case round
Utah-based company Gold Standard (NASDAQ) recently won what it regards as a significant ruling in its attempt to win control of the Mercur mine from American Barrick Resources (TSE). The Utah Supreme …
Portfield changes name to Canmine
Portfield Industries (COATS) has changed its name to Canmine Resources (COATS) and expects to be trading under its new name and share structure immediately. Canmine has a portfolio of 10 precious and …
Curragh set to build Westray coal project
Curragh Resources (TSE) is set to start construction and development of the Westray coal project in Pictou County, N.S. The company says it has arranged financing through a $100-million loan from the …