FINANCING (June 11, 1990)
ONTARIO Tri Link Res — 1,800,000 Cl A com offered @ $4.20 per sh to net $7,106,400. VANCOUVER Rinsey Mines — 650,000 offered @ 45 cents per sh. Royce Ind — 700,000 sold for gross $245,000. Woodridg…
Articles by Northern Miner Staff
Perrex, Teck agreement
An exploration agreement has been concluded by Teck (TSE) with Perrex Resources (ASE) and Gwen Resources (ASE), covering the latter companies’ gold property in northwestern Quebec. Teck can earn a 60%…
OBITUARIES Norman Ursel led Noble Peak north
Norman Ursel, president of Noble Peak Resources and Norman H. Ursel Associates, died in Toronto, Ont., May 29. He was 63. Ursel is best known for his pio 0000,0600 neering activities in Canada’s far n…
Newhawk resumes drilling at Sulphurets
A $1.2-million drill program totalling 18,000 ft. has started on the Sulphurets property, owned 60% by Newhawk Gold Mines (TSE) and 40% by Granduc Mines (TSE). The program is designed to test the down…
Toronto Stock Exchange Indices (June 11, 1990)
June 5 June 4 June 1 May 31 May 30 HIGH LOW Composite “300” 3596.67 3601.50 3592.99 3581.99 3565.55 4009.47 3334.13 Metals & Minerals 3235.64 3258.35 3239.08 3217.20 3191.98 3453.06 2850.84 Integrated…
LETTERS TO THE EDITOR Tips on productivity, safety for CDDA
The Canadian Diamond Drilling Association (T.N.M., May 21/90) says its members must increase productivity to remain competitive and to survive: they must drill more feet (or metres) per man-hour. But …
People AMERICAN BULLION
John Brock appointed president; Wayne Roberts appointed exploration manager and Robert Dickinson heads corporate development.
People ASARCO (June 11, 1990)
Michael Emery appointed assistant to the vice- president, smelting and refining.
People COLUMBIA GOLD
John Brock appointed director and president; Scot Drever, Arthur Fisher, David Pegg appointed to the Board of Directors.
Spot prices at a glance (June 11, 1990)
Week’s Price (US) Change Gold* $359.80 — $5.90 Silver* $5.09 — $0.04 Platinum* $491.75 — $4.75 Nickel** $3.65 — $0.18 Lead** $0.37 — $0.01 Copper- $1.19 + $0.01 Zinc $0.79 Courtesy of Scotiabank….
U.S.REPORT Reserves calculated for Mexican Hat
A second phase exploration program was recently completed at the Mexican Hat property in Cochise Cty., Ariz. The property is owned 60% by Placer U.S., a unit of Placer Dome (TSE), and 40% by Oneida Re…
Spending slump hurts Hillsborough
Reduced expenditures on exploration and development by the mining industry have had a negative effect on Hillsborough Resources’ (TSE) 1989 revenue. The mining contractor reported revenues of $31 mill…