COATS (over-the-counter) Gold Bar up 30 cents
This week’s rally involving the shares of many senior gold mining companies had little effect on junior issues trading on COATS. Following a European financing Carolin Mines is exploring the Ladner Cr…
News
FUTURES PRICES (November 27, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec111.80 110.80 111.80 — 4.40 Jan109.20 108.00 109.30 — 4.90 Feb108.00 108.00 10…
Sirius has results on NWT placer bet
Reconnaissance sampling on the Selena Creek placer gold project in the Northwest Territories has encouraged partners Verdstone Gold (VSE) and Sirius Resource (VSE). Sirius reports that it recently c…
Montreal Exchange No shine to trading
Rising gold prices should have been considered positive news for the mining issues but for the week ending Nov 21, the mining and minerals index closed down 10.5 points. The general market portfolio i…
Search for base metals
Ian Nichol, geology professor at Queen’s University, Ont., has received $1.6 million to study techniques for locating base metal deposits. The grant was made through the University Research Incentive …
Horsham changes vote
Shareholders of Horsham Corp. (TSE), the holding company which controls American Barrick Resources (TSE), have approved an increase in the number of votes attached to multiple voting shares held by ch…
Good results continue for Crown Butte
Prospects continue to brighten at the New World project owned 100% by Crown Butte Resources (VSE). Situated in Park Cty., Mo., the New World property is managed by Noranda Inc. (TSE) under a September…
Galactic considers Taiwanese bid for Summitville mine
Summitville, the troubled mine most associated with Galactic Resources (TSE), is up for sale. A Taiwanese company has made Galactic an offer to purchase the mine, which began production in 1986. “We a…
Prospectors welcome adjustments to GST proposal
The Prospectors and Developers Association of Canada says it is pleased that the Goods and Services Tax (GST) draft legislation released on Oct 13, addresses a serious concern of the association. Acco…
No blasting necessary Photo by The Northern Miner
About 35 prominent mining men came out to Howden Canada’s manufacturing plant in Scarborough, Ont., recently to witness the official unveiling of a tunnel-boring machine, designed specifically for har…
Canyon hires adviser
Canyon Resources (NASDAQ) has entered into an agreement with Bankers Trust ,where Bankers Trust will act as Canyon’s financial adviser in the acquisition of the assets of Addwest Gold. Canyon has the…
Plexus moving toward production on Rawhide
In relative obscurity, Plexus Resources (TSE) and Kennecott Corp. have been developing a Nevada open pit mine that will rank as the fourth largest heap leach producer in the U.S. The Rawhide project, …