NEWS IN BRIEF Triangle Resources Inc.
Triangle Resources Inc. (TLI: VSE) has changed its name to Mortcorp Enterprises Inc. with a consolidation of capital on a 1-new-for-3-old-share basis. The new company has no further interest in mining…
News
GOLDFUNDS2 (November 05, 1990)
MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $ 9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
People GOLDCAP INC.
Arthur Fisher appointed president; Ross Glanville appointed corporate secretary and treasurer; Gary Swanson appointed chairman; Giles Peatfield appointed vice-president of exploration and a director; …
People MULTIPLEX RESOURCES
Craig Ishikawa appointed to the board of directors.
Westmin boosts Premier Gold stake
A unit of Westmin Resources (TSE) recently acquired a 9.9% interest in the Premier Gold project held by a wholly owned subsidiary of Prime Resources Group (TSE). This acquisition boosts Westmin’s stak…
Minnova, Kerr hit by Lac Shortt writedown
A $10 million writedown on the carrying value of the Lac Shortt gold mine in northwestern Quebec resulted in a $589,000 third-quarter loss for Kerr Addison Mines (TSE) compared with earnings of $5.6 m…
Asamera gears up to increase work on Meliadine find
With assay results now in from a 14-hole drill program, Asamera Minerals (TSE) is busy planning an expanded 1991 exploration program for its new gold discovery near Rankin Inlet in the Northwest Terri…
Ramrod drilling Spanish property
A drilling program is under way on the Marta gold-silver property owned by Consolidated Ramrod (VSE) in northwestern Spain. The program is testing a gold-bearing quartz vein system known as Las Llagas…
Experts to give advice on Bill 208
Many of the provisions in Bill 208, Ontario’s new occupational health and safety law, will come into effect Jan. 1, 1991. Advisers from the government and the province’s top employers will give guidan…
Alberta Stock Exchange Ontex gains 43 cents
The share price of Ontex Resources rose 43 cents to $2.35 on volume of 72,500 during the week ended Oct. 30, while Avanti Capital, which owns 11% of Ontex, rose 5 cents to close at $2.65. An Ontario c…
Chutine cuts wide copper zones at Mexican project
The first four holes of a 45-hole drilling program on the San Antonio de la Huerta copper-gold property in northwestern Mexico have returned some impressive widths for Toronto-based Chutine Resources …
Spot prices at a glance (November 05, 1990)
Week’s Price (US) Change Gold* $379.25 + $8.15 Silver* $4.22 — $0.01 Platinum*$435.55 + $9.40 Nickel** $3.95 — $0.06 Lead** $0.33 — $0.02 Copper- $1.21 — $0.03 Zinc– $0.59 — $0.02 Courtesy of Sc…