Cassandra in Unuk play
Cassandra Resources (VSE) has acquired a gold prospect in the Unuk River area of northwestern British Columbia. Located two miles from the Eskay Creek gold d iscovery made by partners Calpine Resource…
News
Toronto Stock Exchange Indices (September 11, 1989)
Sept 5 Sept 4 Sept 1 Aug 31 Aug 30 HIGH LOW Composite “300”3998.83 Holiday4014.56401 0.184009.114019.623353.13 Metals & Minerals3860.47Holiday3919.203911.483910.773919.203207.50 Integrated mines4051.9…
Gold showing in Gaspe area
Three prospectors using funds supplied through a joint federal- Quebec government program have uncovered a gold showing in the Gaspe region. Samples from the St-Andre de Restigouche find, near Mataped…
Amax Gold to explore Villeneuve prospect
Vancouver-based Villeneuve Resources (VSE) has leased its 117- claim group in central Nevada to Amax Gold (TSE). The property lies immediately north of Amax’s low- cost Sleeper gold mine. The agreemen…
Drilling planned for Talbot Lake
Surface stripping and a sampling program at the Talbot Lake gold property in northwestern Ontario have been completed, Golden Crescent Resources (AS E) reports. Owner and operator of the project is Pl…
IOCC GOLD OPTIONS (September 11, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .48011.002,298 Nov 390 C .1353.002,279 Nov 400 C .2731.502,296 Nov 420 C .2650.50 703 Nov 440 C * 69 0.60 861 Feb 370 C * 7314.00 81 Feb 380 C * 5810…
Cross Lake, Teck in joint venture
Cross Lake Minerals (VSE) and Golden Dragon Resources (VSE) have signed a joint venture agreement with Teck Corp. (TSE) involving the junior comp anies’ Wilhel mina nickel property near Timmins, Ont. …
People (September 11, 1989)
HALLEY RESOURCES — Roy R. Brown appointed chairman of the board; John F. McIntyre appointed president. ATLAS CORP. — Raymond S. Troubh elected to the board of directors. SOUTHLANDS MINING CORP. — D…
Gold funds as of Sept 5
MPV BGR Central Capital Net value$11.60 $ 5.80 $0.58 Price$10.00 $ 5.62 $0.29 Discount13.79% — 3.0% 50% Value$69,051,211.97 $97,624,302 N/A…
Mutual has results from Dixie Lake bet
Assay results have been released by Mutual Resources (VSE) from recent drilling on the Dixie Lake gold property 15 miles south of Red Lake, On t. The 141-claim property is centred on a gold-bearing ir…
FUTURES PRICES (September 11, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep130.50 127.70 128.30 + 0.30 Oct– — 127.40 + 0.80 Dec127.50 123.80 124.50 + …
Structural changes
“Rationalizing” was a well-used term in the mid-1980s when mining companies were losing money by the skip-load and drastic measures were needed to stay in b usiness. Rationalizing was the response to …