News



FINANCING (December 25, 1989)

Foresthill Res — gross proceeds rec $250,000. Annax Ventures — min 500,000 offered @ 50 cents per sh. Kendra Gold — 600,000 shs sold in 300,000 units @ $1 per unit.


Metal Prices (December 25, 1989)

FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 19 Dec 18 Dec 15 Dec 14 Dec 13 Copper 1488-149…


Hillman increasing Cal Graphite stake

A minority shareholder of Cal Graphite (VSE) is planning to increase its holdings in the junior to more than 15%. Wilmington Securities, a Delaware subsidiary of The Hillman Co., controlled by Pittsbu…


Hottest base metal (December 25, 1989)

It’s being called the hottest base metals discovery since Kidd Creek and the Louvicourt Twp., Que., find of joint partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) brought a sluggish June …


Chabela financing

A private financing worth $500,000 is being arranged by Minerais Chabela (ME). A maximum of 50 investors will be allowed, at a cost of $10,000 per unit. Chabela plans to spend the money on exploration…



Golden Star gives not to Mahdia gold project

Golden Star Resources (TSE) has decided to advance its Mahdia gold property in Ghana to the production stage. At full production, the Mahdia placer mining operation would be capable of producing 60,00…


Skyrocket sues VSE for $230,000

A writ of summons has been filed in the Supreme Court of British Columbia by Skyrocket Exploration and Resources (VSE) against the Vancouver Stock Exchange and a number of its employees. The writ invo…


COATS (over-the-counter) Gold Bar drops 25 cents

Gold Bar Resources’ announcement that it has hired the firm of James Wade Engineering to prepare a prefeasibility report on Gold Bar’s Chester Twp. Ont., gold property didn’t do much to help that issu…



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