Audrey financials reflect Mobrun ore
Audrey Resources (TSE) of Rouyn-Noranda, Que., reported net income of $1.03 million or 10 cents per share for the nine months ended Sept 30, compared with $602,880 or 7 cents per share for the same …
News
Swansea Gold acquired by Australian company
Control of Swansea Gold Mines (COATS), an inactive company, has been acquired by Australian gold producer Sandhurst Mining NL of Sydney. New officers have been appointed to Swansea’s board of director…
Second reading for Mining Act
A bill to amend Ontario’s 83-year-old Mining Act passed second read ing in the province’s Legislature this week and moved another step closer to implementation. The second reading stage generally sign…
Windy Craggy copper bet continues to show promise
Geddes Resources’ (TSE) Windy Craggy copper project in northern British Columbia continues to reveal its potential as contractors drive a crosscut into the North zone. The crosscut is being driven thr…
Drilling begins on Reymont’s claims near Nelson, B.C.
A 10,000-ft diamond drilling program has started on Reymont Gold Mines’ (ASE) Great Western Star copper-gold property near Nelson, B.C. The current exploration program will test at least five separate…
Moss Res. named after Moss’ McKelvey
In your edition of Oct 2, 1989, you ran an interesting article regarding the derivation of names of a number of junior resource companies. Included was the name of Moss Resources whose origin was attr…
PRODUCER PRICES (December 04, 1989)
ALUMINUM: MW U.S. Market US75.50 cents -77.00 cents per lb. (Nov 21, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.55-$4.65(US) per lb. (Nov…
FUTURES PRICES (December 04, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec112.90 111.80 112.60 + 0.80 Jan110.25 109.50 110.55 + 1.25 Feb108.75 108.75 10…
Strike options gold properties
An option agreement has been signed between Strike Minerals (COATS) and a private Ontario company involving two gold properties in the Shining Tree area north of Sudbury, Ont. Strike has agreed to pur…
Corona, Rayrock combine to buy U.S. Gold’s 29% stake in Dee mine
Two partners in the Dee gold mine in Nevada, Corona Corp. (TSE) and Rayrock Yellowknife Resources (TSE), have increased their interests in the project. The companies jointly purchased the 29.33% inter…
Noranda, Freewest deal done
A private placement of Freewest Resources (ME) shares with Noranda Ltd. (TSE) has closed. Noranda bought 325,000 Freewest shares at $3.50 per share. The proceeds of $1.13 million will be used by Freew…
Bonanza drilling hits two zinc zones at Poirier
Rouyn-Noranda-based Bonanza Metals (ASE) says a phase-one drilling campaign on its Poirier property in Quebec has outlined two new zinc-bearing zones. The property is about one mile southeast of a pas…