Minorca encouraged by grab samples
Some encouraging results have come out of a rock sampling program at Minorca Resources’ (VSE) Santa Anna gold property near La Sarre, Que. Sampling over four gold-bearing quartz vein systems, Minorca …
News
GOLDFUNDS (July 02, 1990)
MVP BGR Central Capital Net value $10.46 $5.53 $0.34 Price $9.50 $5.625 $0.20 Discount %9.18% %1.7% 41.2% Value $62,277,379 $94,636,688 N/A…
TAX ANGLES Quebec’s mining duty rebates apply to exploration
I ran into Charlie Wells at lunch time one day last week. “Barry, you’re just the man I’ve been looking for.” “And I’m glad to see you, Charlie,” I responded somewhat warily, since Charlie runs a smal…
EDITORIAL PAGE Quarreling keeps Canada together
Canada must someday come to terms with its flawed constitution, but its failure to do so through the Meech Lake accord is not going to spell the end of the country. The political stability that has ch…
Agnico-MRB
Agnico-Eagle Mines (TSE) has just celebrated the pouring of the millionth ounce of gold at its Eagle-Telbel mine at Joutel, Que. Over 500 people attended the affair, which was videotaped and replayed …
Thunderwood Res. starts drill program at Scott Lake bet
A 25,000-ft. drill program on the Scott Lake polymetallic property 12 miles west of Chibougamau, Que., has been started up by Thunderwood Resources (TSE) The drilling is part of $600,000 exploration p…
Princeton encouraged by drill program
An exploration program at the Similco copper mine near Princeton, B.C., is turning out “encouraging” results for owner, Princeton Mining (TSE). The company believes the area of exploration north of th…
Kingswood bet fails to impress majors
Drilling results from Kingswood Exploration’s (ASE) Lanoullier- Gaudet project in the Casa-Berardi area of Quebec have failed to impress major mining companies. Of the 15 majors that visited the proje…
Insider Trading Barrick executive profits from sale
Despite the recent drop in gold prices, American Barrick Resources (TSE) Vice-President John Lill was recently able to profit handsomely after exercising an option to buy shares of the Toronto-based p…
Metal Prices FREE MARKET London Metal Exchange (July 02, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 26 June 25 June 22 June 21 June 20 Copper 1445-1450 1460-1462 1481-1483 1465-1467 1460-1463 Lead 493-…
Glimmer focuses on Hislop project
The last three holes of an 18-hole drilling program on Glimmer Resources’ (VSE) Beatty-Hislop property will get under way sometime in July. Noranda (TSE), Glimmer’s joint venture partner, will also pr…
Caribou shaft-sinking begins Breakwater set to buy mine .bBy Peter
As Breakwater Resources (TSE) prepared this week to become owner as well as manager of the Caribou lead/zinc mine 50 km west of here, work crews were getting to grips with many of the problems experie…