The Ukraine attempts to recover gold cache
The Soviet republic of the Ukraine says it will attempt to recover gold deposited by a soldier in the vaults of the Bank of England 270 years ago, according to a report by the Reuters news service. Th…
News
Corona acquires Prime shares
As part of a recent agreement with Murray Pezim and two associates, Corona (TSE) has acquired 5.6 million shares of Prime Resources Group (VSE). Pezim, Lawrence Page and Arthur Clemiss also granted Co…
Corona now largest Dundee shareholder
Corona (TSE) has become the largest shareholder in Dundee Capital, following the purchase of an additional 750,000 shares and 187,500 share purchase warrants. Corona now owns 2.25 million shares of Du…
Westmin progressing at the Premier project
Although still experiencing cash losses, the Premier project operated by Westmin Resources (TSE) appears to be making progress toward profitability. The open pit gold-silver mine, north of Stewart, B….
Buick-Doe Run wins safety award
St. Louis-based Doe Run’s Buick lead mine in Missouri recently won an award for its 1989 safety record, which showed 147,624 employee hours without lost time to injuries. Called the Sentinels of Safet…
Ego financing
Toronto-based Ego Resources (TSE) has arranged a private placement of 1.25 million units at 40 cents per unit with Nanisivik Mines, a unit of Conwest Exploration (TSE). The units consist of a mixture …
Falconbridge spending $10 m this summer at Ungava project
Falconbridge Ltd. expects to complete 75,000 ft. of drilling on its remote Ungava, Que., nickel deposit before freeze-up occurs at the remote location later this month. While a Falconbridge official s…
Positive results from Tulsequah Chief
Impressive assay results from the first hole drilled this season at the Tulsequah Chief polymetallic project in northwestern British Columbia have prompted partners Cominco (TSE) and Redfern Resources…
Jury out on discovery in Galore Creek camp
Reports of a significant new discovery in the rugged and remote Galore Creek region of northwestern British Columbia have generated another flurry of speculative trading on the Vancouver Stock Exchang…
U.S. REPORT Oracle Ridge coming along
Production is expected to begin in the third quarter of 1990 at the Oracle Ridge project being developed by South Atlantic Ventures (VSE). The company reports that the mining contractor is proceeding …
Gold price prompts Cambior to reopen Valdez Creek mine
The recent increase in the gold price has prompted Cambior (TSE) and Camindex Resources to reopen their Valdez Creek placer mine in Alaska. Cambior says that based on the recent strength in the gold p…
Toronto Stock Exchange Middle East crisis takes toll as investors
The Persian Gulf crisis continued to take its toll on the stock market during the week ended Aug. 21, as nervous investors struggled to protect themselves from unfolding developments. Today, Aug. 22, …