Hecla, Mispec deal
Hecla Mining has acquired an option on the Cape Spencer, N.B., gold property owned by Mispec Resources (ME). Under the terms of their agreement, Hecla has the right to earn a 51% interest in the claim…
News
Montreal Exchange Wrightbar advances
The Christmas holiday may have shortened the trading week to three days, but the news was mostly cheery. The metals and minerals index closed up 18.6 points, while the general market portfolio index m…
Hard times for Hardrock during funding search
Toronto-based junior Hardrock Extension (TSE) says it is “exploring all avenues” to raise funds for exploration work on its gold property near Geraldton, Ont. An underground exploration program was pl…
Hillsborough feasibility (January 01, 1990)
Hillsborough Resources (TSE) expects a project feasibility study for the Mt. Hundere zinc deposit in the Yukon from partner Curragh Resources by mid-December. Hillsborough and Curragh hold a 20% and 8…
Perrex in Bradette
An exploration program has been started by Perrex Resources (ASE) on a 94-claim property in Bradette Twp., Ont. The company is conducting geophysical surveys over an area near two old drill holes that…
The Northern Miner availale on microfilm across Canada
The Northern Miner is available on microfilm at the following libraries: Amax Centre, Greenwich, Conn. British Columbia Institute of Technology Burnaby Public Library Calgary Public Library CANMET Lib…
IOCC GOLD OPTIONS (December 25, 1989)
Options Open Series Volume Last Interest Feb 400 C 215 20.50 2,389 Feb 410 C 328 16.50 1,462 Feb 420 C 357 12.00 2,774 Feb 430 C 1,300 7.00 2…
Toronto Stock Exchange Indices (December 25, 1989)
1989 Dec 19Dec 18Dec 15Dec 14Dec 13HIGH LOW Composite “300” 3915.083958.543986.203995.334005.764037.833353.13 Metals & Minerals 3330.593334.353346.513347.433332.813919.203207.50 Integrated mines 3442….
FUTURES PRICES Metal Prices (December 25, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec106.30 104.00 106.20 + 3.10 Jan104.50 102.50 104.80 + 2.20 Feb103.10 103.10 104…
Miner library closed to public
Beginning Jan 1, 1990, The Northern Miner’s library will no longer be open to the public. Reports of companies’ current status will still be provided in response to written requests that are accompani…
FINANCING (December 25, 1989)
Foresthill Res — gross proceeds rec $250,000. Annax Ventures — min 500,000 offered @ 50 cents per sh. Kendra Gold — 600,000 shs sold in 300,000 units @ $1 per unit.
Gold funds as of Dec 19
MVP BGR Central Capital Net value $12.32 $6.37 $0.51 Price $11.25 $6.62 $0.37 Discount 8.69% 4.0% 27.5% Value $7…