News

To finance work at its Brookbank gold property near Beardmore, Ont., Ontex Resources (ASE) plans to make a rights offering. In so doing, the junior hopes to raise $835,000. Each Ontex shareholder will…

A longtime member of the Canadian mining fraternity, Orval Leigh died recently. He was 58. Toward the end of 1987, he joined Battle Mountain (Canada) as vice-president and managed the company’s Canadi…

The U.S. subsidiary of American Barrick Resources (TSE) has been granted patents giving it full title and ownership of the Goldstrike property in Nevada. To date, the company has contributed $1 billio…

Price (US) Week’s Change Gold* $379.69 + $1.19 Silver* $ 5.44 + $0.17 Platinum* $397.25 + $5.50 Nickel** $ 2.81 + $0.21 Lead** $ 0.22 + $0.01 Copper $ 0.99 + $0.04 Zinc $ 0.44 + $0.01 Courtesy of Scot…

With positive results in hand from an independent feasibility study, Canyon Resources (NASDAQ) says mine development could begin this fall at the Briggs gold project in southeastern California. Constr…

BGR Central Net Value $16.66 $6.65 Price $13.63 $7.375 Premium 10.9% Discount 18.20% Value $135,333,000 $133,482,338…

G. Lahusen, Glen Harper, James Devonshire, Robert Ingram and Donald Busby appointed directors.

James Heras appointed president.

Stanley Ma appointed president.

Vincent Hamilton appointed president and director; Leroy Wolbaum and Frank Elliot appointed directors.

Ted Fostey appointed director.