Alberta Stock Exchange Bitech doubles
After a long period of dormancy at the 5 cents level, shares of Bitech perked up 6 cents to close at 11 cents on volume of more than 2.5 million shares in the week ended Mar. 12. Bitech’s subsidiary, …
News
Noranda options Kingswood claims
A 133-claim base metal property owned by Kingswood Resources (ASE) in the southern half of La Gauchetierre Twp., Que., has been optioned by Noranda Exploration, a unit of Noranda (TSE). The claims are…
Sheridan hires Greenspan for Madeleine case
Edward Greenspan, the Toronto criminal lawyer hired to represent Madeleine Mines (TSE) and company President Patrick Sheridan, says they will enter a plea of not guilty to charges that they violated O…
White mine’s value cut by 66%
The estimated recoverable value of Dickenson Mines’ (TSE) Arthur White gold mine at Red Lake, Ont., has been reduced to $22.7 million, a $45-million writedown of its undepreciated carrying value. Whil…
FUTURES PRICES (March 18, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG)(in US cents per lb.) Mar 110.60 110.00 111.10 -0.70 Apr 109.60 109.20 109.25 -1.40 May 108.70 107.60 108.25 -1.50 SILVER (in US cents p…
Queenston financed for Robertson plan
Toronto-based Queenston Mining (TSE) recently completed an offering in Europe consisting of 500,000 shares at $1.15 each. Deacon Barclays de Zoete Wedd Ltd. acted as Queenston’s agent in arranging the…
Highwood acquires property interest
Toronto-based Highwood Resources (TSE) is acquiring from Nanisivik Mines the right to earn a 25% interest in a copper exploration project in the High Arctic. The project is on Victoria Island and is b…
Windy finds new zone at MacLeod
Recent drilling has intersected a new low-grade copper zone, the South zone, on the MacLeod Lake property north of Chibougamau, Que. Extending over a strike length of 500 metres, the South zone dips s…
Williams reserves up by 600,000 oz.
Last year’s exploration program at the Williams gold mine near Hemlo, Ont., outlined enough ore to replace 1990 production. This is all Corona (TSE) spokesman Brian Hay was willing to say about explor…
Hydro obliged to save jobs at Elliot Lake: union boss
The Ontario director of the United Steelworkers of America says Ontario Hydro has an obligation to protect the livelihoods of 660 mine workers who still have jobs at Denison Mines’ (TSE) Elliot Lake, …
Contracting doubles Hillsborough profits
Toronto-based Hillsborough Resources (TSE), which is developing the Mt. Hundere lead-zinc project in a joint venture with Curragh Resources (TSE), succeeded in doubling its profits during 1990. For th…
Good copper hole at Deak’s Magusi
Shares of Deak Resources (TSE) rose to new highs after the company reported an intersection of 32.5 ft. grading 3.3% copper from follow-up drilling on its Magusi base metal property in northern Quebec…