Noranda quick to buy into Australian discovery
A new and potentially large gold discovery at Karpa Spring in Western Australia has attracted the attention of resource giant Noranda (TSE) which has moved quickly to secure a stake in the project fro…
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Spot prices at a glance (July 23, 1990)
Week’s Price (US) Change Gold* $360.10 + $6.40 Silver* $4.83 + $0.02 Platinum* $470.90 — $6.75 Nickel** $4.22 + $0.14 Lead** $0.39 — $0.02 Copper- $1.24 — $0.04 Zinc $0.70 — $0.10 Courtesy of Scot…
Vancouver Stock Exchange Pezim vows to quit exploration
The Vancouver Stock Exchange’s Composite and Resource indices continued their slide this week as gold held above the US$360 level. The Composite Index fell 20.27 points to 769.63 while the Resource In…
COATS (Over-the-counter) Black Gregor drilling
Investors reacted strongly to news that Black Gregor Explorations is planning a 20,000-ft. drill program on its Hemlo Gold property near Marathon, Ont. During the week ended July 10, 164,000 company s…
U.S. REPORT Amberquest option
An option agreement has been signed between Amberquest Resources (ME) and Pilot Plant Inc., which gives Amberquest the right to earn a 70% interest in Pilot’s 160-acre gold property in Nevada. To acqu…
Base metal prices remain strong while gold slumps
With prospects for the second half of 1990 clouded by economic recession, few mining analysts are calling for a spectacular new bull market to emerge this year. According to analysts of the London-bas…
Montreal exchange New lens at Mobrun
Drilling underground at the Mobrun mine just north of Rouyn- Noranda, Que., Audrey Resources and partner Minnova have discovered a new massive sulphide lens, the “C” lens, at a depth of 2,115 ft. Inte…
Bellex, Quattro focusing on Galore Creek copper
A porphyry copper-gold prospect in the Galore Creek camp of northwestern British Columbia is providing an exploration focus this season for joint venture partners Bellex Mining (VSE) and Quattro Resou…
Ivany denies asking for Eskay assay
Securities lawyers representing John Ivany at a hearing in front of the British Columbia Securities Commission appear to have adopted a strategy aimed at distancing Ivany from his associates, Murray P…
Gigi to drill Galore Creek bet
With Prime Equities as operator, Gigi Resources (VSE) is about to start its 1990 work program at the Trophy gold project in the Galore Creek region of northwestern British Columbia. Gigi can earn a 55…
Gold Standard wins Mercur suit round
A U.S. judge has elected not to dismiss a lawsuit filed by Gold Standard (NASDAQ) against a British merchant banking company in relation to the Mercur gold mine in Utah. Gold Standard, an exploration …
INSIDER TRADING MinVen director adds to holdings
Judging by his recent purchase of MinVen Gold (TSE) shares, director Landon Clay is obviously bullish on the prospects for both MinVen and the price of gold. According to a recent edition of the Ontar…