Val d’Or placements raise $2.4 million
A series of private placements has netted Val d’Or Resources (ME) almost $2.4 million which will allow the company to meet its financial obligations contracted with Mines Abcourt (ME). Most of the fun…
News
Geddes financings raise $9.9 million
Geddes Resources (TSE) says it has raised $9.9 million through a series of financings for exploration at its Windy Craggy copper-gold- cobalt project in northwestern British Columbia. The financings i…
Silver in doldrums, unable to excite investors
Like its sister precious metals, silver has been in the doldrums of late. Unlike gold or platinum, however, the metal seems to face a greater up-hill battle for respectability among investors. Hoverin…
Metal Prices (October 30, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 24 Oct 23 Oct 20 Oct 19 Oct 18 Copper 1693-…
Dia Met seeks partners for diamond hunt
Joint venture partners are being sought by Kelowna-based Dia Met Minerals (VSE) to participate in the evaluation of a diamond prospect in Arkansas. The company recently filed a letter of intent with t…
Metal Snips (October 30, 1989)
A survey by the Gold Institute of Washington, D.C., involving companies responsible for 60% of U.S. gold output, indicates that between 1982 and 1988, these companies invested $614 million(US) in thei…
Coronado to explore Arizona property
Control of Stan West Mining’s (TSE) Iron King property in Yavapai Cty., Ariz., is to be acquired by Coronado Resources (VSE), following the signing of a recent option agreement. Coronado has agreed to…
Golden Knight, Inco open second mine in Quebec
The second gold mine at the Casa Berardi project owned by Inco Gold and Golden Knight Resources (TSE), is ahead of schedule and under budget. Named Casa Berardi Ouest, the new mine is set to start pro…
Greenstone, Dragoon define targets on Eskay Creek claims
Joint venture partners Greenstone Resources (TSE) and Dragoon Resources (VSE) have outlined geophysical targets for follow-up drilling on their claims in the Eskay Creek area of British Columbia. Earl…
More cost overruns at Golden Bear
Despite additional cost overruns, construction of the Golden Bear gold mine near Telegraph Creek in northwestern British Columbia is on schedule. Project operator North American Metals (TSE) expects m…
Camindex debentures
The 3% Series A debentures of Camindex Mines (TSE), worth more than $11.1 million, have been tendered for conversion into common shares of MVP Capital, Camindex reports. Conversion of 100% of the debe…
New Monique, Louvem results double tonnage of gold zone
Preliminary calculations based on new drilling results from the Monique property east of Val d’Or, Que., have doubled reserves for the G zone, Societe Miniere Louvem (TSE) and Monique Exploration (ME)…