Three drills probing Metalore’s Brookbank
Three diamond drills are turning on the Brookbank gold property under option to Placer Dome (TSE) from Metalore Resources (TSE) in northwestern Ontario. Situated north of Beardmore, the 200-claim prop…
News
Prime mails offer to acquire Calpine
Shareholders of Prime Resources (VSE) and Calpine Resources (VSE) will be meeting Dec 14 to consider a transaction that would result in a merger of the two companies. If approvals are obtained, the me…
Study delayed at Guyana bet as Placer drills new zone
Recent drilling on a new zone at the joint venture of Placer Dome (TSE) and Golden Star Resources (TSE) in Guyana to indicates that the open pit operation will be much larger than originally anticipat…
Geological reserve estimate made for Buckhorn Mountain
Affiliated companies Crown Resources (NASDAQ) and Gold Texas Resources (VSE) recently announced a drill-indicated geological inventory of 4.3 million tons of 0.125 oz gold for the Buckhorn Mountain pr…
Metal Prices PRODUCER PRICES (November 20, 1989)
ALUMINUM: MW U.S. Market US75.75 cents – 77.75 cents per lb. (Nov 2, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.60-$4.70(US) per lb. (Nov…
COATS (over-the-counter) Black Gregor active (November 20, 1989)
A large volume of Milestone Resources shares changed hands this week as the issue slipped by 1 cents to close at 24 cents after 51 transactions. The company released preliminary results from eight s…
Toronto Stock Exchange Gold equities retreat after reaching new
Gold equities took centre stage on the TSE for yet another week as bullion continued its climb toward the magical $400(US)-mark. On Nov 15, today, the second London fix was set at $391.40. The rally h…
KPM suing BIG over Shoal Lake project
Toronto-based Kenora Prospectors and Miners (COATS) is suing its joint venture partner Bond International Gold (TSE) for breach of contract and fiduciary duty involving a gold project at Shoal Lake, O…
Managing Canada’s Mines Mining a truly creative activity’ says
“Mining is one of man’s truly creative activities,” says Erik Andersen, recently appointed manager of Muscocho Explorations’ Magnacon gold mine in Ontario’s Mishibishu area. “It combines 0000,0506 his…
Vancouver Stock Exchange Gold price rise slow to work
Gold stocks accounted for a good portion of the volume on the Eastern exchanges in recent weeks. However, the upward surge in gold prices did little to boost trading volumes on the Vancouver Stock Exc…
Goldteck positive on several projects
Junior Goldteck Mines (TSE) could have two projects, one in Chile and the other in Nevada, in operation next year and a third, in northern Ontario, well on its way to production. The company recently …
Shareholders approve Citadel restructuring
Shareholders of Citadel Gold Mines (TSE) recently approved a corporate restructuring which will see most of the company’s assets sold to Citabar Limited Partnership for about $14 million. Citadel, whi…