Battle Mountain stock offering
To increase its working capital and provide financing for corporate purposes including possible acquisitions, Battle Mountain Gold has announced a three-for-two stock split through a stock dividend. U…
News
Correction (October 19, 1987)
A story concerning companies controlled by Murray Pezim, in our Oct 12 issue, mistakenly referred to an adit being driven on the Pacquet Harbour group of claims on the Baie Verte Peninsula, Nfld. The …
Dollar uppermost in basket plan, forecaster says
The recent proposal by U.S. Treasury Secretary James Baker to link world currencies and a basket of commodities, including gold, has more to do with stabilizing the troubled U.S. dollar than remonetiz…
Atlanta drilling completed in Idaho
A major drill program has been completed on a property held by Atlanta Gold in Idaho. The work involved 14,046 ft of reverse circulation drilling and 3,045 ft of diamond drilling which was designed to…
Parquet to raise $5 million to finance gold projects
Parquet Resources of Toronto will raise between $1.7 million and $5 million from a flow-though share issue to finance continuing work at the company’s gold properties in Val d’Or, Que. and Beardmore, …
Bateman Bay
Bateman Bay Mining reports it has raised $150,000 through a private placement, which will be used to provide working capital for company operations. The private placement covers acquisition by the inv…
Delaware/Cominco venture said a hot play in B.C.
British investors have apparently developed an insatiable appetite for gold properties in the Iskut River area of northwestern B.C. This time it’s the snip property of Cominco and Delaware Resources w…
Metal Prices FREE MARKET London Metal Exchange (October 19, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 13 Oct. 12 Oct.9 Oct. 8 Oct. 7 Copper 1199-1201 1202-1203 1185-1186 N/A 1169 -1170 Lead 369-371 367-36…
Bow Valley rejects plan to purchase Getty shares
All deals are off, Calgary-based Bow Valley Industries says of its plans to buy a stake in Getty Resources. Earlier this month Bow Valley entered into share option agreements with four shareholders of…
Ateba to explore Beardmore mine
Milling operations have started on the surface rock dumps at Ateba Mines’ Beardmore gold properties near Thunder Bay, Ont. To provide more mill feed for expanded milling operations at the Pan- Empire …
Uranium supply in Canada rises to 576,000 tonnes
Total known uranium supply (measured, indicated and inferred) in Canada at the end of 1986 was estimated to be 576,000 tonnes, the ministry of energy, mines and resources reports. That total is up fro…
J.A.G. options Belleterre bet
An agreement has been signed by J.A.G. Mines and Halex Resources under which Halex may acquire up to 60% of the former’s Belleterre property in northwestern Quebec by spending not less than $3 million…