Final summaries given in Ontex, Metalore trial
Lawyers for Ontex Resources (ASE) and Metalore Resources (TSE) have summarized their final cases in a court battle to settle ownership of the disputed Brookbank gold property near Beardmore, Ont. The …
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Vancouver Stock Exchange Toltec, Albany, Adrian busy
With gold holding its own above the US$380 level, the Vancouver Stock Exchange continues to be in a state of siege. The Composite Index registered a drop of just over 11 points finishing Nov. 13 at 51…
Toronto Stock Exchange Northgate nose dives after Colomac mine
Northgate Exploration was forced into a damage control mode this week after affiliate NorthWest Gold revealed its decision to take a $149-million writedown on the remote Colomac gold mine. Not surpris…
ERG buys backshares from Pamour
ERG Resources (TSE) has acquired 6.9 million of its own shares, representing a 62% interest, from Pamour (TSE). The two companies were involved in a gold tailings reclamation project at Timmins, Ont.,…
Westlake, Minera merger approved
Final court approval has been granted for a merger between Minera Rayrock (TSE) and Westlake Industries (VSE) which holds a 40% stake in Minera’s Bellavista gold project in Costa Rica. Under the merge…
U.S. REPORT NDU starts drilling on Bend, prepares for TSE listing
Drilling is under way on the Bend copper-gold deposit in northern Wisconsin, according to operator NDU Resources (VSE). The deposit, which hosts preliminary reserves of 1.9 million tons grading 2.8% c…
NEWS IN BRIEF Golden Chance
Golden Chance Resources Inc. (GCH:VSE) has changed its name to Trimark Resources Ltd. (TRK: VSE) on a 1-new-for-9-old-share basis. Transfer agent is Central Guaranty Trust.
Filing claim staking by `fax’ marks end of an era; but few turn
What was earmarked “the last staking rush of its kind” barely caused a stir last week as a mere handful of individuals competed for ground on the western tip of the Shebandowan greenstone belt. As min…
U.S. REPORT BMR looking at Nevada producer
An option to purchase all the outstanding shares of Oliver Hills Mining has been acquired by BMR Gold (ASE). Oliver Hills is a privately owned company which owns a gold-silver heap leaching facility n…
Eastmaque sets conversion period allowing 30 days
The board of directors of Eastmaque Gold Mines (TSE) has set the 30-day special conversion period for the company’s convertible preferred shares to begin on Nov. 19. The special conversion allows conv…
Shearson rules out big slump for metals
The continuing Persian Gulf oil crisis may have dimmed prospects for lead and zinc, but a repeat of the 1974-75 and 1979-82 periods, when prices fell sharply and then remained depressed for a number o…
Agnico makes find half-mile west of Eagle gold mines
A new discovery located 2,600 ft. west of the Eagle shaft and on claims wholly owned by AgnicoEagle Mines (TSE) has recently been announced by the company. The extensive landholdings in Joutel Twp., Q…