LynnGold re-examines Manitoba nickel mines
The strength in nickel prices has prompted LynnGold Resources (TSE) to re-examine two former producing nickel-copper mines near Lynn Lake, Man. Acquired from Hayes Resources (TSE), the mines, known as…
News
Toronto Stock Exchange Rebounding gold adds some life to majors
Signs of creeping inflation finally outweighed the negative effects of high interest rates on gold bullion. Today’s second London fix of $387.25 (US) per oz was up by more than $3. Despite the firming…
Corona asks court to halt Goldcorp bid for Dickenson
A motion by Corona Corp. (TSE) seeking an interim injunction to prevent a takeover by another firm of Dickenson Mines (TSE) and Kam-Kotia Mines (TSE) was to be heard April 13 and 14 in a Toronto court…
Aurogin completes drilling program
Aurogin Resources has completed a drill program on properties under option from Morrison Minerals (COATS) in northeastern Ontario. Eight diamond drill holes were completed on seven of 12 magnetic anom…
Belmoral rejects Ketza, Canamax sues
Toronto-based Canamax Resources (TSE) is taking Belmoral Mines (TSE) to court over Belmoral’s decision not to purchase the troubled Ketza River gold mine at Ross River, Y.T. In a brief statement, Cana…
Vancouver Stock Exchange Juniors languish awaiting gold rally
The external factors depressing equity markets across Canada remain very much in evidence and continue to keep wary investors on the sidelines. Gold in particular has yet to pull out its price slump, …
Stroud, Exador drilling extends Leckie zone
A drill program has extended a gold mineralized zone along strike and at depth, partners Stroud Resources (TSE) and Exador Resources (TSE) say. Work on their Leckie property north of Temagami, Ont., e…
Placer funding Lassie drilling
An exploration agreement has been entered into between Lassie Red Lake Gold Mines (COATS) and Placer Dome (TSE) whereby the latter will provide funds for an exploration program on Lassie’s Red Lake pr…
Sale of Whim Creek assets unaffected by suitor bid
Australia-based Whim Creek Consolidated NL may be playing hard to get with suitor Dominion Mining of Australia, but the sale of Whim Creek’s offshore assets to a Bermuda banking company has already be…
Teck takes position in Redfern Resources
While emphasizing that it’s not a proxy for Cominco Ltd. (TSE), Teck Corp. (TSE), Cominco’s largest corporate shareholder, has taken a small but significant position in Redfern Resources (VSE). Subjec…
Metal Prices FUTURES PRICES (April 17, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr144.20 141.00 141.00 + 12.70 May143.90 139.35 140.00 + 11.80 Jul135.70 132.30 13…
Alberta Stock Exchange Baslen active (April 17, 1989)
A group of Texas brokers recently took a tour of International Baslen’s Laduboro/Montreal Trust gold property in the heart of Val d’Or, Que, where a $300,000 drill program is under way. While Baslen T…