Armistice negotiates Dynatec financing
A long-term credit facility worth $1.5 million has been signed by Armistice Resources (ME) with Dynatec Mining, a subsidiary of Dynatec International. Security for advances under the facility are Armi…
News
Eurus’ drilling confirms strike extension of 21C zone
A recent hole drilled by Eurus Resource (VSE) to test for the projected strike extent of the Eskay Creek 21C zone returned a 13.1-ft. intersection (636.3-649.4 ft.) grading 0.96 oz. gold and 3.16 oz. …
Columbia cuts good values in Iskut area
A drilling program on the Spectrum property in the northern Iskut area of northwestern British Columbia is returning good grades and widths. The program is part of an earn-in by Columbia Gold Mines wh…
Toronto Stock Exchange Gold steady as crude oil prices head
Trading in gold stocks was brisk during the week ended Oct. 23 as bullion prices remained strong in the wake of falling crude oil prices. By presstime Oct. 24, the yellow metal was fixed at US$371 per…
EDITORIAL Restoring confidence
There is a credibility crisis developing in the Canadian mining industry. The public is losing confidence in the industry’s ability to objectively state the merits or potential merits of a mineral pro…
Vancouver Stock Exchange Rhodes active in Arizona, B.C.
Vancouver market players are pulling in their horns, keeping their powder dry, or sitting on the sidelines. These euphemisms roughly translate to being plain scared of putting their money in the marke…
Bogosu mine startup in Ghana gives Sikaman gold production
Production at the Bogosu gold mine in Ghana, West Africa, was officially started up Oct. 22, Sikaman Gold Resources (TSE) reports. Output for the period November, 1990, to December, 1991, at the 1.1-m…
FINANCING (October 29, 1990)
Bradsue Resources Ltd. — 400,000 shs offered @ 55 cents per sh.
Titanium feedstocks considered adequate
Global production of titanium- bearing minerals increased by about 1.2 million tonnes of contained TiO/c2h/ during the 1985-89 period, barely keeping pace with demand for titanium dioxide pigment, whi…
Adonos options Chilean property
An option agreement has been signed by Adonos Resources (VSE) with a Chilean company whereby Adonos may earn a 50% interest in a rutile-gold-copper property in the northern part of the South American …
Goldstrike grades exceed plans says American Barrick
Senior officials at American Barrick Resources (TSE) have moved quickly to quash a recent series of rumors about trouble at the company’s Goldstrike mine in Nevada. Robert Smith, president of American…
Pamour takeover delayed again
Acquisition of a controlling interest in the Pamour (TSE) group of companies, originally scheduled to close on Sept. 27, has been postponed once again. Royal Oak Resources (TSE), which stands to gain …