Westfield cashed up after asset sale
Westfield Minerals (TSE) reported net income of $5.5 million or 34 cents per share during the first nine months. During the same period last year, Westfield’s net income was $1.7 million or 12 cents …
News
COATS (over-the-counter) Black Gregor active (December 18, 1989)
Volume leader for the week ended Dec 12 was Black Gregor Explorations which traded 266,300 shares in the range of 50-65 cents . The junior company is drilling a 255- claim gold property 10 miles north…
Hol-Lac ends option
An option held by Hol-Lac Gold Mines (COATS) to earn a 70% interest in two mineral prospects in Nevada has lapsed. The properties, known as Silver Hill and Hill 6968, were in Esmeralda Cty. The option…
New DRX chairman bids to cash in on mineral assets
As the new chairman of New York-based DRX Inc., Howard Butcher says he will attempt to refocus the company toward the acquisition and development of resource properties. Butcher was recently appointed…
Gold funds as of Dec 12
MVP BGR Central Capital Net value $12.26 $6.36 $0.51 Price $11.00 $6.62 $0.35 Discount 10.28% 4.2% 31% Value $72,999,398 $107,160,899 N/A…
Cassiar agrees to develop Quebec graphite deposit
The agreement is still subject to a due diligence review and shareholder approval, but Cassiar Mining (TSE) has set the stage for yet another diversification away from asbestos. This time the Vancouve…
Placer, Currie program
Placer Dome (TSE) plans to begin a $500,000 exploration program in January on two properties held under option from Currie Rose Resources (VSE) in Saskatchewan. The mapping and drilling program will f…
The gloves are off again at Dome Mountain
Old wounds do not appear to heal easily. After a short truce, under which a new joint venture agreement was signed, Teeshin Resources (VSE) and Canadian-United Minerals (VSE) have rekindled a fight wh…
IOCC GOLD OPTIONS (December 18, 1989)
Options Open Series Volume Last Interest Feb 420 C . 1,011 14.50 2,547 Feb 410 C . 881 20.00 1,104 Feb 450 C . 719 5.20 933 Feb 380 C . 592 44.00 1,014 Feb 430 C . 47…
Bitech options Kam Creed claims
Bitech Corp. (ASE) has signed a letter of intent to option a gold property in Newfoundland from Kam Creed Mines (TSE). Under terms of the option agreement, Bitech is to make option payments of $60,000…
San Paulo stops work at Leitch
Exploration work has been discontinued at the Leitch gold mine project near Geraldton, Ont., San Paulo Explorations (ASE) says. Held under joint venture from Teck Corp. (TSE), the exploration effort w…
Trelleborg probes Spanish deposit
A major zinc deposit may have been uncovered by Trelleborg in southern Spain. The Swedish company, which recently purchased a 50% ownership in Falconbridge Ltd., is reported to be excited about one of…