Spot prices at a glance (January 15, 1990)
Week’s Price (US) Change Gold*$405.85+$ 9.55 Silver*$ 5.27+$ 0.11 Platinum*$493.75+$17.50 Nickel**$ 3.49–$ 0.05 Lead**$ 0.34+$ 0.01 Copper$ 1.14+$ 0.04 Zinc$ 0.61–$ 0.01 Courtesy of Scotiaban…
News
Mexican Hat high grade
Several high-grading intersections have been drilled by Placer Dome (TSE) on the Mexican Hat gold property held under option from Oneida Resources (VSE). Placer’s drilling in hole 54 cut a 40-ft. sect…
Mine reclamation
L.R. Hossner’s Reclamation of Surface-Mined Lands, a 2-volume set, provides information on restoring surface-mined lands to a productive and aesthetically acceptable form. It addresses the primary pro…
B.C. prospecting course offered
Cowichan Lake, Vancouver Island, will once again be the scenic setting for the advanced prospecting course offered by the British Columbia Ministry of Energy, Mines and Petroleum Resources. The 14th a…
Placer Dome adopts shareholders rights plan
A “poison pill” shareholders’ rights plan has been adopted by the board of Placer Dome (TSE) to block possible hostile takeovers that do not treat all shareholders equally and fairly. Fraser Fell, cha…
Mazarin drilling at 3 properties
A $650,000 exploration program involving 25,000 ft. of drilling is under way on three properties in Quebec’s Abitibi region, Societe d’Exploration Miniere Mazarin (ME) reports. Work at the Wilco prope…
Toronto Stock Exchange Indices (January 15, 1990)
1989 Jan. 9 Jan. 8 Jan. 5 Jan. 4 Jan. 3 HIGH LOW Composite “300” 3952.353971.073990.374000.914009.474009.473952.35 Metals & Minerals 3344.403359.213399.973453.053452.903453.053…
FINANCING (January 15, 1990)
Major General Res — 500,000 offered @ $1.50 per unit. Team Res — 700,000 offered @ 70 cents per sh. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Forbes Res — min 650,0…
Claude extends work program at Seabee
Exploration work on Claude Resources’ (TSE) Seabee gold deposit in northern Saskatchewan is expected to lead to a production decision by May, the company says. The current exploration program, which b…
Breakwater makes offer to acquire El Mochito
Gold producer Breakwater Resources (TSE) has announced plans to acquire all the outstanding shares of American Pacific Mining (TSE) which owns and operates the profitable El Mochito polymetallic mine …
News in Brief (January 15, 1990)
Coin Lake Mines has changed its name to United Coin Lake Gold Mines (UCM:TSE) on a 1-new- for-2-old-share basis. Transfer agent is Central Guaranty Trust Company.
Coral cuts deal with Amax
Funding for further development and exploration of the Robertson gold property in Lander Cty., Nev., owned by Coral Gold (TSE), appears to be close at hand. Amax Gold (NYSE) has signed a letter of int…