NEWS IN BRIEF (July 16, 1990)
Award Resources Ltd (ADR: VSE) has changed its name to Tomco Development Inc (TMV: TSE) on a 1-new-for-3-old basis. Montreal Trust is the transfer agent.
Articles by Northern Miner Staff
Lytton moves to gain interest in Eskay claims
His problems with securities regulators and former wives aside, Murray Pezim will likely be facing a lengthy legal battle to keep control of his most recent discovery, the Eskay Creek deposit, north o…
Mosquito share shift
Through the recent acquisition of 1.15 million shares, Cameron McFeely has increased his stake in Mosquito Consolidated Gold Mines (VSE) to 28.3%. The private transaction between McFeely and Calgary-b…
Metal Prices FREE MARKET London Metal Exchange (July 16, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 10 July 9 July 6 July 5 July 4 Copper 1526-1528 1550-1552 1533-1535 1508-1510 1478-1480 Lead 502-504 …
New reserves make Boddington mine Australia’s largest
Contained gold reserves at the Boddington deposit have increased by 616,000 oz., making the gold mine Australia’s largest. The additional reserves boost Boddington’s total minable reserves to 3.07 mil…
Correction Nicholas Lake
A preliminary reserve estimate of 1,228,000 tons grading 0.36 oz. gold per ton, with a dilution factor of 16%, has been reported by Athabaska Gold Resources (TSE) and Chevron Minerals for the Nicholas…
Partners fail to duplicate earlier results from Fontana
With the completion of five additional holes on the Fontana property on northwestern Quebec, Bay Resources and Services (ASE) has been unable to reproduce the exciting results that raised a stir in th…
50th anniversary at Noranda High
Noranda High School, founded 50 years ago, will have a reunion in Rouyn-Noranda, Que., Aug. 3-6. Many of its graduates are now in the mining or mining-related professions. Some hold important position…
OSC rules on Barbour
The Ontario Securities Commission has suspended the personal trading rights in Ontario of Noranda (TSE) officer Wilson Barbour for two years and his trading in securities on behalf of his company’s pe…
Gold regulations, taxes in 13 nations subject of report
New gold regulations and taxes in 13 nations are covered in a revised edition of Gold Regulations & Taxes for Mining, Refining, Manufacturing & Trade in Thirteen Countries. The nations surveyed are Au…
U.S.REPORT Goldstake selling tailings interest
A 40% interest in the Whitewood Creek tailings project outside of the Black Hills of South Dakota has been put up for sale by Goldstake Explorations (TSE). The company made no mention of the impending…
GOLD FUNDS (July 16, 1990)
MVP BGR Central Capital Net value $10.77 $5.59 $0.34 Price $9.375 $5.750 $0.19 Discount %12.95% %2.9% 44.1% Value $64,131,138 $96,739,725 N/A…