Greyhound option
An option to earn a 65% interest in the Lynx gold property in northern Saskatchewan’s La Ronge greenstone belt has been acquired by Vancouver-based Greyhound Communications (VSE). The company, which p…
News
Greenstone, Boliden drilling Panama bet
A 128,000-ft. drilling program has started on the Santa Rosa gold property of Greenstone Resources (TSE) and Boliden International in central Panama. The joint venture is held 51% by Boliden and 49% b…
News In Brief (November 26, 1990)
Visible Gold Inc. (VIG:VSE) has changed its name to Lansing Enterprises Inc. (LEI:VSE) with a consolidation of capital on a 1- new-for-3-old-share basis. The transfer agent is National Trust.
Parlake defers special meeting
A special meeting of shareholders has been deferred one week to Nov. 30 by Parlake Resources (TSE). In August, Parlake directors voted to issue one million treasury shares to T.G.A. Management at 23 c…
Toronto Stock Exchange Indices (November 26, 1990)
Nov. 20 Nov. 19 Nov. 16 Nov. 15 Nov. 14 HIGH LOW Composite “300” 3107.20 3132.99 3128.51 3114.51 3127.64 4009.47 3009.91 Metals & Minerals2561.76 2571.69 2549.00 2541.13 2568.91 3453.06 2502.63 Integr…
EDITORIAL Sales potential
From the useless-news-release department comes an announcement that the Earth Observation Satellite Company (EOSAT) has appointed a sales representative in Mongolia. EOSAT, which operates the U.S. Lan…
Metal Prices FREE MARKET (November 26, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date November20 November19 November16 November15 November14 Copper 1327-1329 1329-1330 13…
Aurora hits copper in one drill hole
Calgary-based Aurora Gold (VSE), drilling in the vicinity of a former producer at its Whitehorse Copper Belt property, has intersected copper mineralization in one of four reverse circulation holes. H…
Court dismisses McKenzie-Tagish claim to Eskay
The Supreme Court of British Columbia dismissed a motion by Tagish Resources (VSE) and Ken McKenzie to quash an Inspection Report prepared by the Ministry of Energy, Mines and Petroleum Resources whic…
Steven Roman Canada’s uranium king
The Roman Empire is the story of the greed, ruthlessness, sweetheart business deals and monumental ego of a man who made a fortune at the expense of others, says author Paul McKay. This book is his sc…
Lower output, grade hit Sonora earnings
Lower production and higher costs relating to Sonora Gold’s (TSE) 70% owned Jamestown mine in California have forced the company to consider a financial restructuring. A 42% owned affiliate of Northga…
INSIDER TRADING Cottrell profits by Gldn. Knight option
Golden Knight Resources’ (TSE) director Raymond Cottrell recently earned a substantial profit after exercising an option to purchase 5,000 shares for $8.75 each. According to the Ontario Securities Co…