GOLDFUNDS (July 23, 1990)
MVP BGR Central Capital Net value $10.68 $5.47 $0.34 Price $9.25 $5.625 $0.20 Discount %13.39% %2.8% 41.2% Value $63,586,944 $94,636,688 N/A…
News
High-grade copper enhances zinc find at VSM’s Grevet
The recent discovery zone at VSM Exploration’s (ME) Grevet base metal property northeast of Quevillon, Que., is producing much higher copper grades than the original zinc-rich zones to the south. Of t…
Sunburst seeks new partner for Tribag
Toronto-based Sunburst Exploration (TSE) says Noranda (TSE) has elected not to proceed with the second stage of an exploration program on Sunburst’s Tribag copper property in northern Ontario. The pro…
Montreal exchange New lens at Mobrun
Drilling underground at the Mobrun mine just north of Rouyn- Noranda, Que., Audrey Resources and partner Minnova have discovered a new massive sulphide lens, the “C” lens, at a depth of 2,115 ft. Inte…
Bellex, Quattro focusing on Galore Creek copper
A porphyry copper-gold prospect in the Galore Creek camp of northwestern British Columbia is providing an exploration focus this season for joint venture partners Bellex Mining (VSE) and Quattro Resou…
Electrowinning set to emerge as major new method of recovery
Electrowinning, the recovery of metals from ore by means of electrochemical processes, will account for about 20% of total refined copper production by the year 2000, according to a Commodities Resear…
FUTURES PRICES (July 23, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 124.80 122.60 122.75 + 4.15 Aug 122.50 121.50 121.50 + 3.25 Sept 121.90 119.25 120.00 + 3.25 SILVER (in US c…
Quintette ruling threatens company McConkey claims
Quintette Coal Chairman Bruce McConkey has asked the British Columbia Court of Appeal to overturn a Supreme Court judgment relating to prices paid for its product by the company’s Japanese customers. …
Galactic finalizes Cornucopia buy
The agreement between 10 shareholders of Cornucopia Resources (TSE) and Galactic Resources (TSE) has been finalized with Galactic acquiring 3.165 million shares. The shares represent 16.34% of the iss…
News in brief Black Thunder Petroleum Corp.
Black Thunder Petroleum Corp. (BTP:VSE) has changed its name to Conley Resources Corp. (CNY:VSE) on a 1-new-for-5-old- share basis. A cease trade order dated from June 30, 1988, is still in effect. Th…
Ivany denies asking for Eskay assay
Securities lawyers representing John Ivany at a hearing in front of the British Columbia Securities Commission appear to have adopted a strategy aimed at distancing Ivany from his associates, Murray P…
Drilling to start on Irish Gulch
A drilling program is set to begin shortly on the Irish Gulch property, 60 km east of Helena, Mont. The property is a joint venture between Goldpac Investments (VSE) and Bethlehem Resources (TSE). The…