Lytton in conflict
A proposal to consolidate its shares and change its name is in conflict with the rules of The Toronto Stock Exchange, Lytton Minerals (TSE) has learned. The proposal, if accepted by shareholders, woul…
News
Canamax moves will save $2.5 million
Canamax Resources (TSE) expects to save $2.5 million a year by reducing its exploration staff, shutting down its Toronto offices and moving to Vancouver. And while President Wayne Lenton said speculat…
Coral Gold extends Robertson mine holdings
Vancouver’s Coral Gold (TSE) has added a further 3,000 acres of mineral claims to its Robertson gold mine holdings in Nevada. Coral now holds 11,000 acres at Robertson, an open pit, heap leach gold mi…
Black Hawk bids to become diversified metals company
After acquiring a 34% controlling interest in Black Hawk Mining, (TSE) banker DCC Equities Ltd. is breathing new life into the Toronto based company. Former Sherritt-Gordon Mines mine manager Garry Hu…
Placer drills Oneida bet
Placer Dome Inc. (TSE) has assumed management of the Mexican Hat project in Arizona from Oneida Resources (VSE). Placer has an option on the property giving it the right to earn a 60% interest by maki…
Thompson, Quebec Cobalt to form single company
Shareholders of Consolidated Thompson-Lundmark Gold Mines (TSE) and Quebec Cobalt and Exploration (ME) recently approved an amalgamation of the two companies. The two juniors are related in that they …
Metal Prices FUTURES PRICES (June 12, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun106.40 106.40 106.50 — 7.10 Jul109.10 106.70 107.30 — 7.20 Sep107.90 106.00 1…
Midas acquisition provides cash flow
Midas Minerals (TSE) has acquired what few junior mining companies have — cash flow. The company, via a subsidiary company McKendry Quarries Ltd., has purchased the business and assets of limestone p…
Minor metals and modern technological breakthroughs (1)
“Here’s metal more attractive.” (Hamlet III ii 117) Well, maybe that’s a bit strong but the minors are still extremely interesting to the enquiring mind. Attractive? Certainly. In the quiet shadows ca…
Two drills testing Mexican Hat property
Two drills are testing Oneida Resources’ (VSE) Mexican Hat gold property in southeastern Arizona. The property was recently optioned to Placer Dome (TSE) which has taken over as operator. One of the r…
News in Brief (June 12, 1989)
Nickling Resources has changed its name to Florin Resources Inc. (FLN:VSE) on a 1-new-for-3-old share basis. Transfer agent is Central Guaranty Trust Company.
Sharpe Energy deals with Crude at Mishibishu (June 12, 1989)
With a strengthening of its board and new financing in the wind, Sharpe Energy & Resources (VSE) will be allying with Central Crude (TSE) for the exploration of some ground in Ontario’s Mishibishu gol…