Placer Dome after Corona?
Speculation abounds that Canada’s largest gold producer Placer Dome (TSE) may be eyeing rival Corona (TSE) as a potential takeover candidate. Both companies have been making headlines lately as they b…
News
Teck increases stake in Triumph
A flow-through private placement of 880,000 shares of Triumph Resources (VSE) to Teck (TSE) has increased Teck’s interest in Triumph to 2.49 million shares or 52.6%. The placement, priced at 50 cents …
Tournigan looking for partner at Bear pass gold property
Although no agreement has been made, Tournigan Mining Explorations (VSE) says it has started talks with several major mining companies for a possible joint venture to further explore and develop its B…
PRODUCER PRICES (July 23, 1990)
ALUMINUM: MW U.S. Market US72-73 cents per lb. (Jul. 5, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.05 per lb. (Jul. 5, 1990). CADMIUM: N…
Barkhor has Star drilling results
Vancouver-based Barkhor Resources (VSE) has released assay results from the first two drill holes on its Star base metal property, near Cranbrook, B.C. The company, which is seeking “Sullivan-type” ba…
Toronto Stock Exchange Breakthrough at Trail hurts Cominco,
As investors waited for the Dow Jones Industrial Average to break the magic 3000 mark, employees at Cominco’s smelter in Trail, B.C., were confirming what the market has been saying all week. In antic…
Limited production at Magnacon mine
Production is continuing on a limited basis at the Magnacon gold mine in northern Ontario while operators Muscocho Explorations (TSE) and Flanagan McAdam Resources (TSE) continue to seek refinancing. …
LAC guarantees BIG refinancing
Toronto-based LAC Minerals (TSE) has agreed to guarantee a 420,000-oz. gold loan for its 65% owned subsidiary Bond International Gold (TSE). After evaluating various long- term refinancing alternative…
Noranda secretive about recent drilling at Lynne zinc project
Further information about Noranda’s (TSE) Wisconsin zinc discovery will be kept confidential until the company issues an official press release, said John Harvey, president of Noranda Exploration. As …
Noranda quick to buy into Australian discovery
A new and potentially large gold discovery at Karpa Spring in Western Australia has attracted the attention of resource giant Noranda (TSE) which has moved quickly to secure a stake in the project fro…
Nexus changes name to Pacific Gold
Vancouver-based Nexus Resource (TSE) has changed its name to Pacific Gold Corp., and shareholders have approved a share consolidation on a 6-for-1 basis (6 Nexus for 1 Pacific). The consolidation brin…
First drill hole Golden Rule releases Kaslo bet drill hole
The first drill results were released recently from a 15,000-ft. phase one drilling program on Golden Rule Resources’ (TSE) wholly owned Kaslo gold property in Saskatchewan. Kaslo is one of four proje…