Wydmar raises cash for gold exploration
An option agreement between Southern Arizona Mining and Smelting (COATS) and Wydmar Development (VSE) will allow Wydmar to finance exploration on their Eskay Creek and Island Lake properties. Under th…
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Glencairn insider bets on diamonds
Glencairn Exploration (ASE) director Robert Peereboom has been positioning himself to take advantage of any developments relating to the company’s Brazilian diamond and Ontario gold projects. Having o…
FUTURES PRICES (April 16, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 121.25 120.00 121.00 — 6.40 May 119.50 116.75 119.35 — 5.50 Jul 112.60 110.00 112.35 SILVER (in US cents pe…
Kingswood busy in Casa Berardi area
Toronto-based Kingswood Explorations (ASE) is increasing its land position around a small base metal deposit in La Gauchetierre Twp., 23 miles west of Matagami, Que. Subject to regulatory approval, th…
Muscocho group set to approve Echo Bay deal
Shareholders of related companies Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) are expected to approve an important restructuring and financing agreement t…
Pezim, associates face new charges
Flamboyant promoter Murray Pezim struck out in his bid to have the Supreme Court of British Columbia quash a Securities Commission hearing into insider trading allegations against senior management of…
Curragh to sell subordinate shares
Privately owned Curragh Resources — the western world’s sixth largest producer of zinc and lead concentrates — has filed a preliminary prospectus for its first public offering of nine million shares…
Drill results boost Windarra
Drill results from the Preview Lake property, 80 miles northeast of La Ronge, Sask., has sparked a 19 cents increase in the price of Windarra Minerals (TSE) shares. Windarra, which holds a 20% stake i…
Reduced offshore sales hurt Potash Corp. earnings in ’89
In its first year as a public company, Potash Corp. of Saskatchewan said its earnings and revenues were affected by a drop in offshore sales and a stronger Canadian dollar. The former Crown company re…
LAC continues to work adjacent Queenston ground
Queenston Mining’s (TSE) Kirkland Lake West ground adjacent to the Macassa mine, a target of underground exploration through an agreement with LAC Minerals (TSE), has not yielded economic gold mineral…
Dayton building gold reserves on Chile bet
Vancouver-based Dayton Developments (VSE) and its private subsidiary Kimex Resources have acquired an option to buy Chevron’s (NYSE) 4% net returns royalty in the Andacollo gold project in Chile. Dayt…
NO HEADLINE (April 16, 1990)
TEXT: “Globe ’90?” the voice demanded. I turned from my companions, as we strolled past the doors of the Vancouver Convention Centre, to see an elderly woman looking sternly at me. “Yes,” I said, thi…