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…
News
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…
Calpine drill results fail to meet high expectations
The euphoric frenzy of trading activity on The Vancouver Stock Exchange triggered by spectacular drill results from the Eskay Creek project has been tempered by the latest set of assay results release…
Granges set to close Tartan Lake
Closing the problem-plagued and unprofitable Tartan Lake gold mine in Manitoba is likely to be among the first of several initiatives undertaken by Colin Kaiser to place Granges Inc. (TSE) on the road…
Alberta Stock Exchange Trading lacklustre (September 18, 1989)
In a week when trading activity could only be described as lacklustre, what little action there was came from a couple of unlikely sources. Reed Lake Exploration and Dunfrazier Gold are two issues, wh…
Eagle River decline intersects gold zone
A decline has reached its target depth 150 ft underground on the Eagle River joint venture property owned by Central Crude (TSE) and Hemlo Gold Mines (TSE) in the Mishibishu gold camp. Situated 53 mil…