Intex, Gowest drill gold zone
Drilling by New Texmont Explorations (ASE) on a property held by Gowest Amalgamated Resources (ASE) has encountered the down dip extension of the gold bearing Frankfield zone. Located in Tully Twp., n…
News
Alberta Stock Exchange (February 13, 1989)
An exploration project at Bitech Energy Resources’ Nugget Pond property in Newfoundland continues to intrigue investors. Large volumes of the Bitech issue have been changing hands while the company re…
Drilling resumes at Mishi Lake gold project
Diamond drilling has resumed on the Mishi joint venture property owned by partners MacMillan Gold Corp (VSE) and Granges Exploration (TSE). The 22,500-acre gold property is located in the Mishibishu L…
Metals Prices FUTURES PRICES (February 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb146.50 146.50 144.40 Mar145.30 140.00 142.90 — 5.15 May134.80 131.00 132.50 — 4….
Epp named as new mines minister
Jake Epp, the new Minister of Energy, Mines and Resources, will be the guest of honor at the banquet held by the Prospector’s and Developers Association at their annual convention. The PDA convention …
Earnings Report (February 06, 1989)
Ennex International of Dublin, Ireland reports a net loss for the 9-month period ended Sept 30 of $460,000(US) or 55 cents per share on revenue of $3.74 million. For the same period a year earlier th…
Copper refinery sale
Louisiana Land and Exploration Company (LL&E) said its wholly- owned subsidiary, White Pine Leasing, had consummated the sale of its electrolytic copper refinery to Copper Range Company (CRC) for $14….
Teeshin files lawsuit
Teeshin Resources (VSE) has filed a $6.5-million claim of lien against the Dome Mountain gold property in British Columbia. The sum represents the amount of money Teeshin says it spent on exploration …
People (February 06, 1989)
VILLENEUVE RESOURCES — Matthew Sumich appointed to the board of directors.
Malartic option
An option has been acquired by Malartic Hygrade Gold Mines (VSE) which gives the company the right to earn a 60% interest in a gold property near Val d’Or, Que. The 425-acre property is owned by Black…
Spot prices at a glance (February 06, 1989)
Price (US) Change Gold (per oz)$392.00–$12.75 Silver (per oz)$ 5.82–$ 0.30 Platinum (per oz)$520.00–$13.00 Copper (per lb)$ 1.50–$ 0.04 Lead (per lb)$ 0.29–$ 0.01 Zinc (per lb)$ 0.87+$ 0.03 Nic…
News in Brief (February 06, 1989)
Suneva Resources has changed its name to International Suneva Resources Ltd. (ISN:VSE) on a 1-new-for-3 1/2-old share basis.