Staking disputes escalate in Eskay Creek camp
Complicated and messy claim disputes are spreading like wildfire through the Eskay Creek region, north of Stewart, B.C., a rugged and remote area brought to prominence by a significant gold-base metal…
News
Falling commodity prices cut into Noranda earnings
Earnings for 1989 of $442 million ($2.19 per share) after preferred dividends were announced by Noranda (TSE), compared with $603 million ($3.14 per share) for the previous year. Revenue for the year …
Alberta Stock Exchange Gallery shines
Gallery Gold Mines was the most active mining stock on the Alberta Stock Exchange during the week ended Feb. 6, moving up a penny on 433,800 shares traded. The company was unable to comment on the act…
LAC to double gold output at El Indio in Chile
Two major expansion programs are being considered by LAC Minerals (TSE). At the company’s El Indio gold mine in Chile, the company is reviewing the feasibility of doubling gold production from 200,000…
Halex, William plan merger to explore base metal properties
An amalgamation is being planned between Rouyn-Noranda-based Halex Resources (ME) and William Resources, a company whose shares are not listed on any stock exchange. William Resources has interests in…
Placer to spend $1.1 million on Curator bet
In a show of confidence in the Jualin gold property owned by International Curator Resources (VSE), Placer Dome (TSE) has budgeted a further $1.1 million for exploration this year. Placer has spent ab…
FINANCING (February 12, 1990)
Romulus Res — gross proceeds rec $555,500. Bonaventure Res — gross proceeds rec $230,000. St. Jude Res — 500,000 offered @ 50 cents per sh. Silver Butte — 700,000 offered @ 65 cents per unit. Alta…
New Chutine board
Following the completion of a $1.2-million financing, Chutine Resources (VSE) has gone through a major board change. New directors include Peter Holmes, as chairman and chief executive officer, C.H. F…
Kingswood drilling Matheson gold bet
Economic gold mineralization has been encountered in a shallow drill hole at Kingswood Explorations’ (ASE) Devon property east of Matheson, Ont. The Devon claims, in Beatty Twp., are contiguous to the…
Board, business changes at Acadia
Shareholders of Acadia Mineral Ventures (TSE) have elected a new board of directors. Fewer than 19% of the eligible shares were voted. Recently elected at the company’s annual meeting at the National …
CopperQuest funding
CopperQuest (COATS) has raised $300,000 after completing a public offering of 1.5 million shares at 21 cents per share. The funds will be used to finance exploration on the company’s Knife Lake copper…
Breakwater to drill Lenora gold claims for base metals
Vancouver-based Breakwater Resources (TSE) has optioned Greater Lenora Resources’ (TSE) Orvilliers and Puisseaux twps. property in Casa Berardi, Que. Low-grade gold values over narrow widths have alre…