FINANCING (August 28, 1989)
ONTARIO Canamax Res — final rec iss offer 850,000 @ $1.50 per sh to net $1,275,000 Firesand Res — final rec iss offer 2,400,000 @ 40 cents per sh to net $600,000 VANCOUVER Ravenroc — 1,500,000 off…
News
Supply-demand balance for base metals expected to continue
It has been a quiet summer of trading, as expected, on the metals markets, with trading volumes off compared with earlier in the year and price movements relatively small. Adding some spice to the sum…
Books in Review (August 28, 1989)
This is the first book to situate the Canadian mineral trade and Canada’s changing status as a resource exporter and importer within the context of the ongoing debate over strategic minerals. As such,…
INSIDER TRADES (August 28, 1989)
Agnico-Eagle — Mentor Expl (amended, Feb.) holds 2,194,012. Altex — Pan West Res. sold 10,400 (July) @ $3.10 to hold 229,357. Atlantic Goldfields — Kash Inv. bought 692,300 (July, private) @ 57 cen…
Black Swan ends first drill phase at Tas bet
Vancouver-based Black Swan Gold Mines (VSE) has completed phase one of an exploration program designed to test for continuity of gold/copper mineralization in four high grade sulphide zones at the Tas…
Nevada mineral reports
The Nevada Bureau of Mines and Geology is issuing a new series of reports on the mineral and energy resources of the state. The reports contain 1:100,000-scale topographic maps containing information …
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…
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…