News in brief (June 04, 1990)
BGR Metals has declared a regular quarterly dividend of 25 cents per common and class A share, payable April 27, 1990.
News
Vior partners set to begin new drilling phase at Douay
The partners involved in the Douay Twp. gold discovery near Casa Berardi, Que., are preparing to launch a new drilling program to look for an extension of a mineralized zone that yielded 59.3 ft. of g…
Corona gets $5 million for future exploration
An agreement with CMP 1990 will provide Corona (TSE) with $5 million for exploration financing. Under the terms of the agreement, Corona will receive $3.5 million from CMP in return for up to 375,110 …
Toronto Stock Exchange Indices (June 04, 1990)
0701,0205,0205,0205,0205,0205,0205,0205, May 29 May 28 May 25 May 24 May 23 HIGH LOW Composite “300” 3524.20 3498.68 3494.69 3510.57 3519.40 4009.47 3334.13 Metals & Minerals 3125.31 3070.48 3061.95 3…
COATS (over-the-counter) New Holloway zone
Noranda has discovered a new gold-bearing structure on the Holloway gold property near Matheson, Ont. Infill drilling on the claims it shares with Freewest, Noranda intersected grades of up to 0.42 oz…
Newfields breathes new life into Princess Royal
By issuing 3.7 million shares to Surf Inlet Mines (VSE), Newfields Minerals (TSE) will receive a 25% interest in the Princess Royal Island polymetallic prospect, 100 miles south of Prince Rupert, B.C….
FUTURES PRICES (June 04, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 118.00 114.50 115.00 — 4.50 July 115.80 112.30 112.50 — 3.65 Aug — — 109.30 — — SILVER (in US cents pe…
Atlantic changes name to Dexus
In keeping with its move out of the mining industry and into the iron and steel foundry business, Atlantic Goldfields (COATS) has changed its name to Dexus Inc. To coincide with the name change, Atlan…
Platinova President receives debenture
Platinova Resources (TSE), a Toronto-based company which is involved in gold exploration in Greenland, recently completed a private placement agreement with President Robert Gannicott. Under the agree…
Golden Rule set up to reserve fiqure
Calgary-based Golden Rule Resources (TSE) says results from a winter drilling program on its Tower Lake gold project in northern Saskatchewan “will add substantially to the tons and grade of the previ…
B.C. plans to build toll road into Iskut River area
British Columbia Premier Bill Vander Zalm recently announced the go-ahead for a 72-km road to reach the resource-rich Eskay Creek and Iskut River areas in the province’s isolated northwest. In a speec…
Nanisivik ups stake in Highwood Resources
Nanisivik Mines, a wholly owned subsidiary of Mineral Resources International (TSE), recently increased its stake in Highwood Resources (TSE) to 27.3% from 23%. The latter company has interests in a b…