Onitap and Orex discuss settlement
The possible settlement of litigation related to the Goldboro gold property in Nova Scotia is being discussed by Onitap Resources (TSE) and Exploration Orex (ME), the companies jointly announced. Orex…
News
Corona’s ups Prime stake to 45.5%
Through a private purchase of 858,500 common shares, Corona (TSE) has increased its stake in Prime Resources Group (VSE) to 45.5%. As a result, Corona now owns 19.7 million shares of Prime. Corona has…
FUTURES PRICES (November 26, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 119.50 117.70 119.05 + 2.05 Dec 117.25 115.50 116.45 + 0.15 Jan 115.20 115.20 115.05 + 0.85 SILVER (in US cen…
Stratmin, Cal Graphite first of new graphite producers
With limited production to its name and a sporadic history over 150 years, Canadian graphite is at last finding its feet. All the new production capacity is based in the Grenville geological province …
Durvada vends Nevada property
An agreement has been signed between Durvada Resources (ASE) and Crimson Star (VSE) to develop Durvada’s gold heap leach property in southwestern Nevada. Crimson Star can earn a 50% interest in the Ye…
Chile considers flow-through plan
A recent Canadian government report says at least six countries in South and Central America are making serious efforts to attract additional mineral exploration. For example, the report says, Chile h…
Encouraging results from Greenstone’s B.C. gold property
Joint venture partners Dragoon Resources (VSE) and Greenstone Resources (TSE) have intersected some encouraging gold values on their property 25 miles south of Cranbrook, B.C. The best intersections f…
Executive changes at Dickenson, Wharf
The chairman and chief executive officer of Dickenson Mines (TSE) and Wharf Resources (TSE) will become president of the two companies, Dec. 1. Robert McEwen, president of Goldcorp Investments, the co…
U.S. REPORT Court demands Mercur document
U.S. exploration company Gold Standard (NASDAQ) has successfully gained access to more documentation relating to the acquisition by American Barrick Resources (TSE) of the Mercur gold mine in Utah. A …
U.S. REPORT Fairbanks boosts Fort Knox reserves
The preliminary “resource” estimate at the Fort Knox gold deposit at Fairbanks, Alaska, has jumped 50% from what was indicated at the end of 1989, Fairbanks Gold (VSE) reports. At a cutoff grade of 0….
Equity sale keeps CoCa in black
Earnings reported by CoCa Mines (TSE) for the third quarter ended Sept. 30 declined to US$52,700 from earnings of US$255,000 in the third quarter of 1989. The sale of the company’s remaining position …
Marshall sees more reserves in Ivory Coast gold project
Marshall Minerals (ASE) says new drill results from a large concession on West Africa’s Ivory Coast have expanded the reserve potential on the project’s largest deposit by about 15%. The latest assays…