Gold funds as of Dec 5
MVP BGR Central Capital Net value $12.30 $6.38 $0.52 Price $11.25 $6.50 $0.38 Discount 8.54% 1.9% 27% Value $72,897,506 $10…
News
Wrightbar custs stringers at 1,600 ft on Bourlamaque bet
Wrightbar Mines (ME) says copper stringer mineralization has been intersected in a 1,600-ft drill hole on the southern half of Wrightbar’s Bourlamaque Twp. property east of Val d’Or, Que. The announce…
Costigan set to drill New Brunswick claims
Toronto-based Costigan Gold (COATS) is undergoing a reorganization which will see the company raise $300,000 through a private placement. The funds will be used to conduct a diamond drilling program o…
Events surrounding Aur, Louvem back to June ’87 subject of dispute
The pre-trial phase of what could be a lengthy court battle involving Aur Resources (TSE) and Societe Miniere Louvem (TSE) began in Montreal recently. Officials from both companies will give evidence …
Montreal Exchange: Graphite partner
Light-to-moderate, mixed trading featuring a 41.5-point tumble in the mining and minerals index marked share activity for the week ended Dec 5. The market portfolio finished ahead almost 15 points on …
Cominco copper deal
Cominco Resources International (TSE) and parent company Cominco Ltd. (TSE) have signed a definitive agreement with ENAMI, a Chilean company, for the development of the Quebrada Blanca copper deposit …
Golconda using new method at California gold project
Calgary-based Golconda Resources (ASE) recently announced some encouraging drill results from its Star City gold property in California. Golconda can earn a 60% stake at Star City where the company ha…
Managing Canada’s Mines Projects such as Polaris assert Canada’s
Cominco’s Polaris operation on Little Cornwallis Island, 75 miles from the magnetic north pole, is the world’s most northerly base metal mine. Manager A.J. Keen says it has proven that industrial deve…
Toronto Stock Exchange Gold shares rebound after bout of profit-
Gold bullion prices went on a rollercoaster ride this week but managed to stay above the psychologically important $400(US) mark. Today’s second fix today, Dec 6, was $402.85 in London. The bout of vo…
Crown-Gold Texas merger approved
Shareholders of Gold Texas Resources (VSE) voted 96% in favor of a merger with Crown Resources (NASDAQ). Gold Texas shareholders will receive 1.43 Crown shares for each Gold Texas share, bringing the …
Oropex seeks funds from New Zealand
Whitehorse-based Oropex Minerals (VSE) has completed a $128,000 exploration program on a gold property in the Shootamook Creek area of the Yukon Territory. The property is between Wolf Lake and the Li…
Gold output up at Sonora’s Jamestown
Some of the operating problems experienced by Sonora Gold (TSE) at its Jamestown gold mine in California appear to have been overcome, as evidenced in the company’s recent third-quarter report. Produc…