COATS (over-the-counter) McNickel leads
Leading the week’s trading was McNickel Inc. with more than 200,000 shares changing hands. McNickel traded as high as $3.00 before closing at $2.65, off 25 cents from the week before. Three drills ar…
News
Trader’s battle with Elder appears far from settled
A visitor to Trader Resource Corp.’s (TSE) recent annual meeting in Toronto could have been forgiven for thinking he had stumbled upon a gathering of the local law society. Lawyers almost outnumbered …
Inter-Globe gambling on Nevada vanadium bet
Vancouver-based junior Inter- Globe Resources (VSE) is hoping positive metallurgical test results will be obtained for its Gibellini vanadium deposit near Eureka, Nev. The company recently completed 1…
Spot prices at a glance (August 28, 1989)
Week’s Price (US) Change Gold*$366.80–$0.80 Silver*$5.23–$0.01 Platinum*$485.35–$2.65 Nickel**$5.65–$0.34 Lead**$0.32+$0.00 Copper$1.31+$0.05 Zinc$0.88+$0.05 Courtesy of Scotiabank. Information…
Noranda details pursuit of Kidd Creek
Purchase of an interest in the Kidd Creek operation of Falconbridge Ltd. (TSE) was pursued by Noranda Inc. (TSE) between December, 1988, and April of this year. Details of the dealings are contained i…
Alberta Stock Exchange Borealis gains $1
A lawsuit launched by Borealis Exploration against NIM Management Ltd. and several of its partners, has translated into a healthy increase in the price of Borealis shares. They gained a $1 this week o…
Controversy growing over Shoal Lake mine
A confrontation over interprovincial jurisdiction on environmental matters relating to a proposed gold mine at Shoal Lake, Ont., is certain to be one of the issues raised at a mines ministers’ confere…
Open pit mining course offered by Queens
A 3-week course on open pit mine design and operation will be held at Queen’s University in Kingston, Ont., Oct 30 to Nov 17, 1989. The course is divided into four sessions: mine feasibility and desig…
Editorial Unuk river might cure the ailing VSE
It’s a drill hole that rivals some of the big ones from Nevada’s Carlin area: 682 ft averaging 0.875 oz gold and 0.97 oz silver per ton plus 1.12% lead and 2.26% zinc. Of course that’s just one hole…
Noranda drilling Glimmer property (August 28, 1989)
Glimmer Resources (VSE) reports that drilling is currently under way on its Hislop Twp. gold claims under option to Noranda Exploration east of Timmins, Ont. The drilling is designed to provide a geol…
Corona, Prime swapping shares
Toronto-based Corona Corp. (TSE) and Murray Pezim’s west- coast Prime Resources (VSE) have agreed to swap shares. Prime will sell Corona 10 million Prime shares in exchange for two million A shares of…
Ramp nears target at Eagle River bet
An underground ramp into the main gold zone on Central Crude (TSE) and Hemlo Gold’s (TSE) Eagle River joint venture property near Wawa, Ont., will reach its objective this month. The 1,750-ft decline …