Gold Canyon and Noranda to explore Blue Dog
An agreement in principal has been reached between Gold Canyon Resources (VSE) and a unit of Noranda (TSE) for the funding of further expenditures on the Blue Dog gold project in Washington Cty., Idah…
News
Alberta Stock Exchange Ontex up 15 cents
A new reserve estimate of 1.4 million tons grading 0.26 oz. gold per ton for the Brookbank deposit in northern Ontario gave shares of Ontex Resources a 15 cents boost to $2.10 during the week ended Oc…
Goodman eases Corona load
Planning to focus more closely on his new investment firm, Dundee Capital, Corona Chairman Ned Goodman has reduced his involvement in Corona (TSE), leaving more room for Peter Steen, Corona’s presiden…
Continental backs Placer Dome bid
Shareholders of Continental Gold (TSE) can expect to receive a directors’ circular in response to the recent takeover bid announced by Placer Dome (TSE). The circular contains an unqualified recommend…
Shaft sinking in early ’91 at Aur, Louvem discovery
The sinking of a 3,000-ft. shaft on the Louvicourt Twp. massive sulphide property east of Val d’Or, Que., should begin early in the new year, says Aur Resources (TSE) Vice-President Howard Stockford. …
Final Douay holes reported by Vior
Final assay results from the last four holes on the Douay gold project in northwestern Quebec have been released by 37% owner Societe d’Exploration Miniere Vior (ME). The project is operated by Inco (…
FUTURES PRICES (October 08, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 127.90 126.50 126.55 + 3.05 Nov 122.10 122.10 122.10 + 2.10 Dec 119.10 117.60 118.35 + 0.85 SILVER (in US cen…
Macassa mine on record run
The Macassa mine near Kirkland Lake, Ont., will see gold production increase by about 18% this year because of higher than expected ore grades and mill throughput. A spokesman for owner LAC Minerals s…
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…