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
NEWS IN BRIEF Christina Exploration Ltd.
Christina Exploration Ltd. (KRX:VSE) has changed its name to I.E.S. Technologies Corp. with no consolidation of capital. Transfer agent is Pacific Corporation Services.
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. …
PEOPLE PACIFIC GOLD
Douglas Hooper appointed to the board of directors and on an interim basis, appointed president by the board.
Work suspended
Mill construction at the Ray copper mine expansion in Arizona has been temporarily suspended pending the resolution of an issue related to permitting at the site, Asarco (NYSE) reports. The company sa…
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 (…
GOLD FUNDS (October 08, 1990)
MVP BGR Central Capital Net value $10.59 $5.88 $0.30 Price $9.375 $5.625 $0.17 Discount 11.47% 4.3% 43.3% Value $63,072,526 $94,636,688 N/A…
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…