Alberta Stock Exchange Roper Rises
When a company like Pan East Resources trades over one million shares in a single session there are usually some drill results or a financing to e xplain all t he activity. But in Pan East’s case ther…
News
Cassandra in Unuk play
Cassandra Resources (VSE) has acquired a gold prospect in the Unuk River area of northwestern British Columbia. Located two miles from the Eskay Creek gold d iscovery made by partners Calpine Resource…
FUTURES PRICES (September 11, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep130.50 127.70 128.30 + 0.30 Oct– — 127.40 + 0.80 Dec127.50 123.80 124.50 + …
Toronto Stock Exchange Indices (September 11, 1989)
Sept 5 Sept 4 Sept 1 Aug 31 Aug 30 HIGH LOW Composite “300”3998.83 Holiday4014.56401 0.184009.114019.623353.13 Metals & Minerals3860.47Holiday3919.203911.483910.773919.203207.50 Integrated mines4051.9…
Glimmer encouraged by drill results
Glimmer Resources (TSE) reports encouraging drill results from its gold proper ty in Beatty and Hislop twps. 42 miles east of Timmins, Ont. Two holes were drilled to test a portion of the Destor-Porcu…
Newhawk plans more drilling to test R-8 zone
With a 23,000- ft underground drill program nearing completion on the Sulphurets property north of Stewart, B.C., Newhawk Gold Mines (TSE) is planning to extend the decline (now completed to the 120…
Lencourt seeks financing for African acquisition
Since signing an option agreement to acquire a mining company in Zaire, Africa , Lencourt Ltd (TSE) has been working to complete a due diligence examination of the company’s assets and to arrange the …
Cross Lake, Teck in joint venture
Cross Lake Minerals (VSE) and Golden Dragon Resources (VSE) have signed a joint venture agreement with Teck Corp. (TSE) involving the junior comp anies’ Wilhel mina nickel property near Timmins, Ont. …
Ministers can’t guarantee MDAs
The future of Mineral Development Agreements (MDAs) is far from assured following the 46th annual Mines Ministers conference held here recently. Federal Mines Minister Jake Epp, who co-chaired the con…
INSIDER TRADES (September 11, 1989)
Black Cliff — M. Au sold 189,000 (Aug., private) @ 20 cents to hold 87,500. Brewbac — N. Brewster sold 23,621 (July) @ 10 cents to hold 38,592. Cane — Jonpol bought 40,000 (July) @ 9 cents -10…
Louvem seeking $83 million in damages from partner Aur
Just as they were preparing to go home for the recent Labor Day long weekend, employees at Aur Resources’ (TSE) Val d’Or, Que. exploration office found themse lves facing a law suit from Societe Minie…
People (September 11, 1989)
HALLEY RESOURCES — Roy R. Brown appointed chairman of the board; John F. McIntyre appointed president. ATLAS CORP. — Raymond S. Troubh elected to the board of directors. SOUTHLANDS MINING CORP. — D…