Marshall, Eden Roc deal
Marshall Minerals (ASE) has completed the second stage of a private placement with Alberta- listed Eden Roc Mineral Corp. The deal gives Marshall 6.5 million Eden Roc shares representing 50% of the co…
News
Inco Gold buys High River shares
Inco Gold, a wholly-owned subsidiary of Inco Ltd. (TSE) has exercised warrants issued by High River Resources (TSE) to buy 900,000 shares of the company at $1.57 per share. The warrants were part of a…
Sussex acquires land
Sussex Explorations (ASE) has acquired a 50% interest in 108 claims near Lac des Mille Lacs, Ont. The ground covers a section of the Quetico fault, a major structural break associated with gold minera…
Auto sector factor in projected growth in demand for zinc, lead
Consumption growth in both zinc and lead is predicted by an international securities firm, in part because of an expected increase in car production this year. In its Annual Review of the World Lead a…
Brenda illustrates problem of dwindling reserves ..Second in a
Because of the limited remaining life of Brenda’s big, low grade, open pit copper- molybdenum operation in British Columbia’s Okanagan Valley, Mine Manager Emile Brokx is probably more conscious of th…
Agreements signed in Barrack, City deal
An agreement that will result in City Resources Canada (TSE) being acquired 54.1% by a subsidiary of Barrack Mines of Australia has been signed by all parties. Through its subsidiary, Barrack will pur…
COATS (Over-the-counter) Quiet trading
A quiet week of trading on COATS left most mining issues generally unchanged. The average number of trades per day on COATS slipped to a low of 210 last month, compared with 288 for the same period a …
IOCC GOLD OPTIONS (July 17, 1989)
Options Open Series Volume Last Interest Aug 370 C * 65 20.00 692 Aug 380 C * 449 9.60 1,669 Aug 390 C * 299 5.50 2,018 Aug 400 C * 741 3.00 2,292…
Metal Prices (July 17, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 11 July 10 July 7 July 6 July 5 Copper 1483-1485 15…
Editorial Tax grab hurts everyone in the long run
Intransigence on the part of British Columbia’s government over water licence rentals has led to the cancellation of a $130- million expansion of Cominco’s zinc refinery at Trail, B.C. Besides creatin…
First Toronto selling Forsayth interest
In a bid to improve the lot of shareholders of First Toronto Mining (TSE), the company has opted for an asset sale which will lead to either a distribution of capital or a special dividend. First Toro…
Baloil expands holdings around Sumit gold claims
Calgary-based Baloil Resources has agreed to acquire for $125,000 a 100% interest in a group of eight claims located beside the company’s Sumit property in British Columbia. The claims include the for…