Crown Resources gains ground at Buckhorn
Denver-based Crown Resources (VSE) has made several recent property acquisitions near its Buckhorn Mountain project and Strawberry Lake property, four miles west of Buckhorn, in Okanogan Cty., Wash. W…
News
Sikaman Gold adds to Ghana interests
Recently adding to its gold interests in Ghana, West Africa, was Sikaman Gold Resources (TSE). The Toronto-based company reports the government of Ghana has assigned rights of the Abosso mine, a forme…
Geddes raising $10 million for Windy Craggy copper bet
In a bid to have a pre-feasibility study on the table by freeze-up, Toronto-based Geddes Resources (TSE) is planning a $10-million rights offering to fund exploration at the Windy Craggy copper proper…
Inco extends gold zones at High River property
Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) has completed a $6.5-million underground exploration program on the former producing Snow Lake gold mine near Snow Lake, Man. Held under option f…
Belmoral acquires claims at Gordon Lake
Belmoral Mines (TSE) has acquired 78,000 acres of claims near Gordon Lake, N.W.T., 110 km northeast of Yellowknife. Belmoral bought the claims from Central Capital Corp. for $225,000, 1,440,300 common…
Bay Resources buys into Foratek Int.
St. Genevieve Resources (TSE) and its subsidiary Bay Resources (ASE) have reached an agreement in principle for Bay to purchase 750,000 shares of Foratek International Ltd. (ME) for $600,000. Bay, whi…
Westfield on tract at Choquelimpie mine
Full commissioning of the Choquelimpie gold-silver mine in northern Chile has been achieved by partners Westfield Minerals (TSE) (35%), Shell Chile (42%) and Citibank N.A. (23%). By the end of the sec…
682 ft. 0.88 oz gold Calpine hole kickstarts VSE
Ongoing step-out drilling to test the northeastern strike extent of the 21 zone on the Eskay Creek property is continuing to return both spectacular and significant results. Located in the Unuk River …
Cassandra, Minnova drill Line property
A reverse circulation drill program is under way on the LINE claim property held under option by Minnova Inc. (TSE) from Cassandra Resources (VSE). The property is in Nevada. Minnova, which is conduct…
Dia Met buys diamond processor from LAC
Dia Met Minerals (VSE) of Kelowna, B.C., has reached an agreement in principal to purchase the diamond exploration program of LAC Minerals (TSE). Included in the package is a diamond processing plant …
U.S. News in Brief (August 28, 1989)
Asarco Inc. has declared a regular quarterly dividend on the common stock of 40 cents (US) per share payable Sept 1 to shareholders of record Aug 7. Asarco increased its quarterly dividend in April af…
Metal Prices (August 28, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 22 Aug 21 Aug 18 Aug 17 Aug 16 Copper 1799-1…