Esperanza revises Tillicum reserves
This season’s drilling by Esperanza Explorations (VSE) on its 100%-owned Tillicum Mountain property near Nelson, B.C., has resulted in a revision of reserves. The East Ridge zone is now reported to co…
News
Westfield’s sale of Chilean mine draws criticism
Some minority shareholders of Westfield Minerals (TSE) are unhappy with a recent transaction in which all of the company’s mining assets were transferred to a wholly owned Northgate Exploration (TSE) …
Hope Brook loss
The Hope Brook gold mine in Newfoundland continues to operate at a loss, owner Hope Brook Gold (TSE) says. For the third quarter ended Sept 30, Hope Brook lost $3.9 million or 13 cents per share. Alt…
COATS (over-the-counter) Teddy Bear steady
Teddy Bear Valley Mines was steady at $1.50-1.60 this week after posting a gain of more than a dollar last week on news of encouraging drill results released from a joint venture involving Noranda and…
Spot prices at a glance (November 13, 1989)
Week’s Price (US) Change Gold* $386.95 +$13.35 Silver* $ 5.27 +$ 0.10 Platinum* $494.25 +$ 7.00 Nickel** $ 4.67 –$ 0.15 Lead** $ …
Eskay gold values drop off base metals values continue
The latest assay results from the Eskay Creek project situated north of Stewart, B.C., are revealing lower grade precious metal values along with values in lead, zinc and copper. Eskay Creek is owned …
FINANCING (November 13, 1989)
ONTARIO Alta Ventures — min 700,000 offered @ 35 cents per sh. Int’l Azora — gross proceeds rec $600,000. Yukon Spirit Mines — gross proceeds rec $275,000. Golden Peaks Res — 250,000 flow-through…
Blackhawk puts three drills on Minago
After acquiring the Minago nickel project in northern Manitoba last summer, Toronto-based Black Hawk Mining (TSE) has deployed three drills on the property in its bid to prove up a mineable orebody. D…
Forecasting metals consumption, prices (1)
Whatever makes the distant or the future predominate over the present advances us in the dignity of human beings. I hold that man in awe who is clearly in contact with the future. So advise Samuel Joh…
Rayrock awaits results from Marigold discovery
Final results from a 27,000-ft reverse circulation drilling program on the Marigold property in Nevada are expected soon, says operator Rayrock Yellowknife Resources (TSE). The company owns a 23.3% in…
Denn’or, Orcana plan joint venture (November 13, 1989)
Juniors Exploration Denn’or (ME) and Orcana Resources (VSE) are negotiating to become joint venture partners in the exploration of two properties in the Val d’Or area of Quebec. The companies will exp…
Exchanges limit super-voting’ shares
Canadian stock exchanges have adopted measures designed to limit the sprea of multi-vote shares, which are often used by company insiders to sell shares without losing control of the company. Starting…