News

Reserve estimate boosted at disputed Brookbank bet

An Ontario gold deposit, currently the subject of a court battle involving Metalore Resources (TSE) and Ontex Resources, (ASE) may prove to be much larger than the two companies had anticipated. After…


Iskut to earn 50% of J.A.G. gold bet

Vancouver-based Iskut Gold (VSE) has obtained the right to earn a 50% stake in Les Mines J.A.G.’s (ME) Belleterre gold property, 62 miles southwest of Val d’Or, Que. To earn the interest, Iskut Gold m…


Frustrated promoter Pexim `quitting the business’

Mark Twain’s satirical observation that October is a bad month for the stock market rang true once again as the Vancouver Stock Exchange ushered in the month by tallying up its worst trading day in ei…


Metal Prices FREE MARKET (October 08, 1990)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 2 October 1 September 28 September 27 September 26 Copper 1502-1504 1474-147…


OBITUARY Charles Penney

Charles Penney, noted member of the Canadian mining industry, died recently at home in Tsawwassen, B.C. He was 76. Penney, a graduate from Queen’s University, came from Carbonear, Nfld. Among the proj…


Toronto Stock Exchange Indices (October 08, 1990)

Oct.2 Oct.1 Sept.28 Sept.27 Sept.26 HIGH LOW Composite “300”3191.38 3175.67 3159.37 3161.49 3181.48 4009.47 3159.37 Metals & Minerals2888.45 2904.67 2860.86 2868.41 2873.50 3453.06 2850.84 Integrated …


Spot prices at a glance (October 08, 1990)

Week’s Price (US) Change Gold* $389.85 — $11.90 Silver* $4.69 — $0.14 Platinum* $444.00 — $7.85 Nickel** $4.34 — $0.52 Lead** $0.34 — $0.02 Copper- $1.28 + $0.01 Zinc– $0.61 — $0.04 Courtesy of…


Editorial Within our means

No one, it seems, likes Brian Mulroney. But like him or not, some of his Tory government’s policies are working. Fiscal responsibility, for example, has been one of the government’s strongest suits an…


Athena, Placer make Talapoosa deal

It has taken longer than expected, but Athena Gold (VSE) finally has a definitive joint venture agreement with a unit of Placer Dome (TSE) for further exploration and development of its 19-square-mile…


EDITORIAL Exploration is heading south

The climate for mineral exploration in Canada has become so oppressive that a great many companies are now looking beyond our borders for opportunities. The following quotation, taken from the 1990 an…


Teeshin seeks partner for Dome Mountain

Teeshin Resources (VSE) is seeking a partner to help fund its Dome Mountain through to production in return for an interest in the gold project. The company said discussions with one party fell throug…


Lytton to buy more Tagish shares

The Toronto and Vancouver Stock exchanges have accepted the filing of an agreement that will allow Lytton Minerals (TSE) to increase its holding in Tagish Resources to one-half the outstanding shares …


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