Forbex hoping to raise funds
A preliminary prospectus has been filed by Ressources Minieres Forbex (ME) with the Quebec Securities Commission for an offering of common shares, flow-through shares and warrants worth up to $1.625 m…
News
Golden Zone in deal with Placer Dome U.S.
Anchorage-based Golden Zone Resources (VSE) has signed a letter of intent granting a U.S. subsidiary of Placer Dome (TSE) an option to earn a 60% interest in its 100%- owned Golden zone property in Al…
MOBRUN
By 1992, the 1-million-tonne mineable reserve of copper, zinc, gold and silver in the Mobrun mine should be all mined out. Nevertheless, the amount of ore hoisted from the mine will not fall to zero a…
Reources Sept 27 Cut line Should go
(Set using regular measure). Above is a table of results from six drill holes released recently by Aur Resources (TSE) and joint venture partner Societe Miniere Louvem (TSE). The partners are explorin…
Nuinsco to lower debt via $1.4 m debenture
Toronto-based Nuinsco Resources (TSE) has entered into an agreement with Deak International Resources Holdings, whereby Deak will subscribe for a secured convertible debenture in the principal amount …
FUTURES PRICES Metal Prices (October 02, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct122.50 122.50 122.90 — 7.45 Nov– — 121.40 — Dec121.30 118.90 119.70 — 6.25 …
Cominco, Ennex deal
Two companies within the Cominco Ltd. (TSE) fold have acquired options to earn a 35% interest in 30 properties owned by Ennex International (LSE) in Ireland. Cominco Ireland and Pine Point Mines can e…
50 Years Ago BASE METALS DEAL INVOLVES ALL CANADIAN PRODUCERS
By the end of this week it may be possible to conclude and announce a new deal on Canadian base metals in which all Canadian producers, not simply the “big four,” will participate. In Ottawa, a confer…
50 Years Ago SULLIVAN RESERVES RISE BY 50%
A gain of more than 50% in tonnage and in total value of ore reserves is reported by Sullivan Consolidated Mines as a result of the excellent results of development work on the new deep levels during …
Gold funds as of Sept 26
MVP BGR Central Capital Net value $11.58 $ 5.89 $0.54 Price $10.50 $ 5.88 $0.29 Discount 9.33% — 0.3% 46% Value $68,949,131 $99,067,181 N/A…
Snowwater expands 89 work program
Recent drill results from the Whitewater Group gold property near Nelson, B.C., have encouraged Snowwater Resources (VSE) to step up its 1989 exploration program. Recent drilling on the 100%- owned pr…
ON-SITE AT WILLIAMS
The Williams mine (formerly the Page-Williams), in Ontario’s Hemlo country, burst on to the scene as a gold producer in a flurry of public attention in late 1985. With the spotlight on the ensuing own…