Sutton earns interest in African nickel bet
Vancouver-based Sutton Resources (VSE), through an agreement with Romanex International, has acquired the right to earn a controlling interest in a large nickel deposit in western Tanzania. By spendin…
News
Vancouver Stock Exchange Vancouver Stock Exchange sinks to new lows
In a word; sick, or in two; very sick. The Vancouver stock market is suffering from a case of the jitters and it if had a head coach that person would very likely be looking for another job. The Vanco…
COATS (over-the-counter) Pelangio finds more gold
Five new gold showings on the North Spirit Lake property, 100 miles north of Red Lake, Ont., have increased the extent of gold occurrences on the property to at least 650×5,000 ft. Pelangio-Larder Min…
U.S. REPORT USMX discovery at Alligator Ridge
Denver-based USMX Inc. (NASDAQ) is reporting the discovery of potentially significant gold mineralization at five targets of the recently acquired land package in the Alligator Ridge Trend of eastern …
LETTER TO THE EDITOR: Brokers, banks shouldn’t have final say
Normally I would relish participating in the important debate your editorial invites (Taxpayers shouldn’t be “bank of last resort,” N.M., Sept. 3/90). But the Deak project has been 18 months of exhaus…
Luncheons for shareholders recall more prosperous times
Over my many years associated with this paper, one gets to attend quite a few mining functions — official openings, receptions, dinners, show-and- tell gatherings and fish derbies. By and large these…
Onitap fights back
Onitap Resources (TSE) has hired legal counsel to defend itself against Exploration Orex (TSE), which is claiming damages for breach of trust, breach of fiduciary duty and injurious falsehoods at the …
Toronto Stock Exchange Indices (September 17, 1990)
Sept. 11 Sept. 10 Sept. 7 Sept.6 Sept. 5 HIGH LOW Composite “300” 3272.24 3287.65 3287.02 3312.80 3333.19 4009.47 3272.24 Metals & Minerals3005.41 2984.24 2976.62 2987.08 3032.76 3453.06 2850.84 Integ…
Gammon to head Mines Division
John Gammon has been appointed to the post of assistant deputy minister at the mines and minerals division of Ontario’s Ministry of Northern Development and Mines. The recent appointment was announced…
Barrick sees 37% increase in Goldstrike gold output
Some pleasant surprises at American Barrick Resources’ (TSE) Goldstrike mine in Nevada have increased the company’s confidence that production targets set for 1990 will be reached and possibly exceede…
FINANCING (September 17, 1990)
Canarc Resource Corp. — 250,000 shs offered @ $1.69 per sh. Consolidated Acorn Resources Ltd. — 1,000,000 units offered @ 40 cents per unit. American Barrick Resources Corporation — 5,000,000 shs o…
EDITORIAL PAGE Ontario won’t benefit from NDP win
As one pundit put it the day after Ontario elected an NDP majority government: “It can’t mean any good for mining.” That seems to sum it up. We would be delighted if proved wrong, but the election of …