Good results continue for Crown Butte
Prospects continue to brighten at the New World project owned 100% by Crown Butte Resources (VSE). Situated in Park Cty., Mo., the New World property is managed by Noranda Inc. (TSE) under a September…
News
Canamax tallies third quarter loss
A net loss of $2 million or 11 cents per share was reported by Canamax Resources (TSE) on revenues of $12 million for its third quarter ended Sept 30. These results, which include proceeds from the …
Homestake drilling Kamad Silver property (November 27, 1989)
A drill program by a subsidiary of Homestake Mining (NYSE) is under way on the Kamad 7 claim adjacent to the Minnova/Rea Gold Samatosum mine near Barriere, B.C. According to Kamad Silver (VSE), previo…
Toronto Stock Exchange Gold breaks $400-mark as rally gains steam
Surging gold bullion prices broke the psychologically important $400-mark this week as London gold closed at $409.90(US) per oz on the second fix. Gold’s strength was quickly reflected in the gold min…
Copper-gold find at Hanson Lake (November 27, 1989)
A copper- gold discovery was recently made by Cazador Explorations (VSE) on its Hanson Lake property near Burns Lake, B.C. The mineralization was encountered in the main discovery trench within one of…
FUTURES PRICES (November 20, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 115.75 + 1.90 Dec116.40 116.40 116.20 + 1.85 Jan116.00 116.00 114.20 …
People (November 20, 1989)
ACQUISITOR MINES — Steven Migliacci, a geologist of Val d’or, Que., appointed president succeeding Martin Roy who remains a director. Andre Berube resigned as director.
Gold funds as of Nov 14
MVP BGR Central Capital Net value $12.23 $6.09 $0.52 Price $11.25 $5.88 $0.33 Discount 8.01% 3.5% 36.5% Value $72,820,398 $102,565,042 N…
Toronto Stock Exchange Indices (November 20, 1989)
1989 Nov 14 Nov 13 Nov 10 Nov 9 Nov 8 HIGH LOW Composite “300” 3943.09 3949.69 3943.68 3931.50 3937.02 4037.83 3353.13 Metals & Minerals 3409.51 3439.34 3426.50 3418.17 342…
Plexus financing (November 20, 1989)
Plexus Resources (TSE) has filed a prospectus for the purpose of selling shares in Ontario, Alberta and British Columbia. A corresponding form was also filed with the Securities and Exchange Commissio…
Suntac financing for Polaris-Taku
A public issue is planned by Vancouver-based Suntac Minerals (VSE) for a third-phase work program at the Polaris-Taku gold project in northwestern British Columbia. A statement of material facts is be…
Mount Polley highlight of Imperial group exploration
The highlight of the 1989 exploration year for Imperial Metals Corp. (TSE) was the advancement of the Mount Polley copper-gold deposit located northeast of Williams Lake, B.C. This bulk tonnage projec…