NEWS IN BRIEF Wkay Resources
Wkay Resources Inc. (WKA: VSE) has changed its name to Magnatron International Corp. with no consolidation of capital. The new company has no interest in mining.
News
Koala, Manridge planning merger
The proposed merger of Toronto- based Manridge Exploration (TSE) with Koala Resources (VSE) of Vancouver is expected to pave the way for exploration in the Eskay Creek region of British Columbia regio…
Royal Oak arranges financing to purchase Pamour Companies
Despite a hostile equity financing market, Royal Oak Resources (TSE) has finally completed a $33-million purchase of the Pamour (TSE) group of companies. The purchase has transformed Royal Oak from a …
Corrections (November 12, 1990)
Drilling on the Nevada Chance East project, a joint venture between Norgold Resources (VSE) and LAC Minerals (TSE), intersected a 170-ft. interval grading 0.031 oz. gold per ton. An incorrect grade wa…
VSM/Serem build reserves on new Grevet zinc zone
A recently completed deep drill hole on zone 97 of the Grevet zinc property in northern Quebec reveals the deposit is getting wider at depth (T.N.M., Nov. 5/90). Hole 121, which tested the eastern ext…
Adrian reports underground work at Eskay Creek
Uderground chip sampling returned high-grade assay results from the 867-crosscut through the 21B deposit on the TOK claim gap portion of the Ski project property owned by Adrian Resources (VSE). The u…
Echo Bay has US$32 m loss despite cost improvements
Echo Bay reported a net loss of US$32 million or 32 cents per share for the nine months ended Sept. 30 compared with earnings of $27.2 million or 28 cents per share in the same period last year. The c…
Fairbanks out to sell stake in Fort Knox gold property
Since its April 1989 initial public offering, Fairbanks Gold (VSE) has concentrated its efforts on outlining a bulk tonnage “porphyry” gold deposit at its 51%-owned Fort Knox property near Fairbanks, …
U.S. REPORT Battle Mountain cuts near-surface zone while pondering
Drilling on the Crown Jewel property in northeastern Washington State has intersected a new, high-grade, near- surface zone. The drilling is part of an option agreement with Battle Mountain Gold (NYSE…
Goldpost’s Heenan hands over reins to Geddes Webster
Patrick Heenan has resigned as president and director of Goldpost Resources (TSE). Heenan was appointed president of the company in 1985, when Goldpost was incorporated to manage Geddes Resources’ (TS…
IOCC GOLD OPTIONS (November 12, 1990)
Options Open Series Volume Last Interest Nov. 380 C 432 7.00 1,092 Nov. 390 C 239 3.30 1,925 Nov. 400 C 359 1.80 2,833 Nov. 420 C 169 0.60 3,712 Nov. 430 C 183 0.60 3,801 Feb. 420 C 137 9.00 1,299 Feb…
Hudbay hits zone below workings at Trout Lake mine
A new high-grade zone of zinc- copper-gold mineralization has been discovered by Hudson Bay Mining and Smelting (TSE) below the current workings of its Trout Lake mine in Manitoba. The mine is a joint…