News in Brief (September 18, 1989)
Mt. Calvery Resources has changed its name to Triumph Resources Ltd. (TUM:VSE) on a 1-new-for-4-old share basis. Transfer agent is Central Guaranty Trust Co.
News
Centurion US Page Centurion, Western terminate venture
An agreement involving Centurion Mines (NASDAQ), Western Mining(USA) and its wholly owned subsidiary Grand Central Mining, terminating the Centurion-Western venture in the Tintic mining district of Ut…
Correction (September 18, 1989)
Northgate Exploration (TSE) is not the guarantor of a $90-million project loan advanced by the Bank of America Canada for Neptune Resources’ (TSE) Colomac project (N.M., Sept 11/89). The non- recourse…
Australian speaker at CIM luncheon
Ross Thomas will be the guest speaker at the Canadian Institute of Mining and Metallurgy on Sept 21. The luncheon meeting, scheduled for 12.30 p.m., will be at the Upper Canada Room, Royal York Hotel….
Corona to lend Prime $20 million
Gold producer Corona Corp. (TSE) has agreed in principle to lend Prime Resources (VSE) $20 million repayable in one year. The loan is subject to drafting of formal documentation and approvals by the b…
Toronto Stock Exchange Indices (September 18, 1989)
1989 Sept 12Sept 11Sept 8Sept 7Sept 6HIGH LOW Composite “300” 3927.513926.273962.473963.213971.284019.623353.13 Metals & Minerals 3739.713735.513791.163807.753815.103919.203207.50 Integrated mines 392…
American Gold Minerals exploring Siskon mine
Recent drilling by American Gold Minerals has detected extensions along strike and at depth to gold zones of the past-producing Siskon mine in northern California. American Gold is a privately held De…
FUTURES PRICES Metal Prices (September 18, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep132.50 129.00 130.50 + 2.50 Oct128.00 128.00 128.90 + 2.30 Dec127.75 124.00 125.70…
Gold funds as of Sept 12
MVP BGR Central Capital Net value $11.41 $ 5.85 $0.58 Price $10.00 $ 5.75 $0.29 Discount 1.12% — 1.7% 50% Value $67,937,730 $98,403,959 N/A…
Fatal accident at Windy Craggy
An underground accident at the Windy Craggy exploration site in northwestern British Columbia has killed an employee of Main Street Mining, the Whitehorse-based mining contractor for Geddes Resources….
Calpine to spend $2.3 million on GNC
The GNC property located immediately adjacent to the Eskay Creek property in northwestern British Columbia is to be the subject of a $2.3-million work program by Calpine Resources (VSE). Calpine is co…
Ontario approves exploration grants
Two exploration assistance programs received royal assent on July 13. The Ontario Mineral Incentive Program will provide grants, up to 30% o f eligible expenses or an annual maximum of $150,000, to i…