Regal Goldfields (COATS) has entered into an option agreement with Exploration Brex (ME) to earn a 51% interest in the latter company’s Duhamel graphite property, about 65 miles northeast of Ottawa. T…
Although it managed to secure new feed for its nickel refinery in Fort Saskatchewan, Alta., Sherritt Gordon (TSE) has been hit hard by falling base metal prices. The Toronto-based company’s 1989 net e…
Junior Gold Pan Resources (VSE) announced that the first round of drilling was completed by Billiton Minerals at its Big 3/La Rae claims near Battle Mountain, Nev. According to Gold Pan, one hole retu…
Great Northern Gold (ASE) has started a $300,000 drill program on its Winteroad gold prospect in Garrison Twp., Ont. The company’s program will test two geophysical anomalies believed to represent the…
Gallery Gold Mines was the most active mining stock on the Alberta Stock Exchange during the week ended Feb. 6, moving up a penny on 433,800 shares traded. The company was unable to comment on the act…
An amalgamation is being planned between Rouyn-Noranda-based Halex Resources (ME) and William Resources, a company whose shares are not listed on any stock exchange. William Resources has interests in…
Economic gold mineralization has been encountered in a shallow drill hole at Kingswood Explorations’ (ASE) Devon property east of Matheson, Ont. The Devon claims, in Beatty Twp., are contiguous to the…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb100.00 99.50 100.00 + 3.85 Mar 99.70 98.30 99.20 + 3.55 Apr 98.50 98.25 98.50 + 3.20 SILVER (in US cents per o…
Options Open SeriesVolumeLastInterest Feb. 390 C 44434.00 680 Feb. 400 C 46821.001,821 Feb. 410 C 43613.001,677 Feb. 420 C 920 6.502,690 May 400 C 33734.001,216 May 410 C 29329.00 713 May 420 C 41722….
Reports out of Brazil say a subsidiary of Mitsubishi Metal Corp. of Japan, Bishimetal Corp., has offered to buy the South American country’s US$115-billion foreign debt in return for mining rights to …
A reserve estimate has been completed by Oneida Resources (VSE) for one zone on its Mexican Hat gold property in Arizona. Held under option by project operator Placer Dome (TSE), the Mexican Hat prope…
Four gold bars were poured recently from material extracted from the Gold Hawk joint venture of Thunderwood Resources (TSE) and Minnova (TSE), near Val d’Or, Que. Weighing in at 1,706 oz., the yellow …
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