Montreal Exchange Orex, Louvem dominate
This week’s trading was dominated by two separate events: the continuing excitement over the Aur-Louvem base metal find near Val d’Or, Que., and the rich assay results released by Explorations Orex. T…
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Metal Prices PRODUCER PRICES (July 24, 1989)
ALUMINUM: MW U.S. Market US83.50 cents – 85.50 cents per lb. (July 6, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $5.75-$5.85(US) per lb. (Ju…
Vancouver Stock Exchange Eskay Creek results boost Calpine
Although investor interest in gold issues remains timorous at best, brokers here say trading activity in base metal or polymetallic plays is on the rise. Gold prices may be on a slow upward trend, bu…
COATS (Over-the-counter) McNickel active
Three Lac St. Jean area players were active this week, led by McNickel Inc., which reached a high of $3.30 on volume of 117,000 shares. The company successfully cleared a series of regulatory roadbloc…
Minnova to increase stake in Audrey’s Mobrun to 50%
After waiting quietly on the sidelines for partner Audrey Resources (TSE) to size up the potential of the Mobrun polymetallic mine near Rouyn-Noranda, Que., Minnova Inc. (TSE) is stepping in to buy a …
Golden Knight bid accepted in B.C.
A bid made by Golden Knight Resources (TSE) for a parcel of claims near Lindquist Lake in the Tweedsmuir recreational area has been accepted by the Ministry of Energy, Mines and Petroleum Resources in…
Alberta Stock Exchange Louisiana moves up
As the North American exploration season approaches its peak, there was plenty of action to consider on the Alberta Exchange this week. Louisiana Mining, which has been active lately, gained 43 cents …
New company to market chromium-nickel alloy
A joint venture has been set up to develop and market corrosion resistant chromium-nickel alloys worldwide. The venture, to be called International Corrosion Protection Company (ICPC), was formed by I…
Manitoba Minerals busy on 51 bets
After spending a record $4 million on exploration last year, Manitoba Mineral Resources (MMR) hopes soon to reach a decision regarding development of the Farley Lake gold deposit near Lynn Lake, Man. …
Esperanza raising funds for Tillicum
By way of a proposed flow-through private placement, Esperanza Explorations (VSE) is looking to raise between $300,000 to $500,000 for ongoing exploration of its mineral properties. The company plans …
Letters to the Editor Dome mine misplaced
I read with interest in today’s issue about the Dona Lake mine opening in Pickle Lake, Ont., Placer Dome’s third mine in the province. The article places the Dome mine in Schumacher and does not menti…
FINANCING (July 17, 1989)
Galico Res — gross proceeds rec $236,250. Goldhill Res — gross proceeds rec $392,000. Pars Res — gross proceeds rec $230,000. Arnica Res — gross proceeds rec $280,000. Brockton Res — gross procee…