Conwest set to merge with MRI and Barons
Toronto-based Conwest Exploration (TSE) says the terms of a proposed merger with its two subsidiaries Mineral Resources International (TSE) and Barons Oil (TSE) have been unanimously approved by the b…
News
Zahavy caps shaft
A mine site reclamation program is under way on Zahavy Mines’ (ASE) Favourable Lake property, 110 miles north of Red Lake in northwestern Ontario. The 6,000-acre property hosts a past-producing gold-s…
People (March 26, 1990)
INCO — William Glavin elected a director.
Gold funds as of Mar. 20
MVP BGR Central Capital Net value $12.35% %$6.15% $0.41 Price $10.875% %$6.50% $0.29 Discount 11.94% 5.7%5 29.3% Value $72,647,107 $103,530,859 N/A…
Alberta Stock Exchange Naxos gains 70 cents
News that Naxos Resources is acquiring an 80% interest in some placer gold properties on Thibert Creek near Dease Lake, B.C., for $725,000 helped boost that company’s share price by 70 cents to close …
Bow Valley generates earnings of $25.7 million during 1989
Bow Valley Industries (TSE), the Calgary-based oil and gas company which is developing a high- grade uranium project in Saskatchewan with Denison Mines (TSE), had a profitable year in 1989. Net income…
COATS (over-the-counter) Thunderhead return
Thunderhead Gold Mines, a company that ceased trading in 1983, has since been revived and is actively trading again for the week ended March 20. Thunderhead shares jumped 10 cents to close at $1.15 on…
Hemlo, Crude test milling samples from Eagle River
Test milling results are expected by next month for two bulk samples extracted from underground test stopes at the Eagle River joint venture of 60/40 partners Hemlo Gold (TSE) and Central Crude (TSE)….
Recorders brace for action when Ontario lifts caution
Ontario’s mining recorders’ offices in Sudbury and Larder Lake have been swamped with calls from individual prospectors since the province announced that part of a Cobalt-area land caution will be lif…
Teeshin seeking $15 million to build gold mine
Teeshin Resources (VSE) says it needs at least $15 million to build a 350-ton-per-day gold mining and milling operation at the Dome Mountain project, 23 miles southeast of Smithers, B.C. The company r…
Toronto Stock Exchange Indices (March 26, 1990)
Mar. 20 Mar. 19 Mar. 16 Mar. 15 Mar. 14 HIGH LOW Composite “300” 3744.60 3772.13 3760.70 3757.39 3734.63 4009.47 3649.49 Metals & Minerals 3252.39 3287.07 3268.20 3254.57 3175.55 3453.05 2921.03 Integ…
Newmont shrugs off speculation about new Carlin gold find
Management of Euro-Nevada Mining (TSE) is waiting to hear if Newmont Gold’s (NYSE) latest discovery on the Carlin gold trend in Nevada is going to live up to its name. Situated about 200 ft. from the …