U.S. REPORT Court demands Mercur document
U.S. exploration company Gold Standard (NASDAQ) has successfully gained access to more documentation relating to the acquisition by American Barrick Resources (TSE) of the Mercur gold mine in Utah. A …
News
U.S. REPORT Fairbanks boosts Fort Knox reserves
The preliminary “resource” estimate at the Fort Knox gold deposit at Fairbanks, Alaska, has jumped 50% from what was indicated at the end of 1989, Fairbanks Gold (VSE) reports. At a cutoff grade of 0….
Equity sale keeps CoCa in black
Earnings reported by CoCa Mines (TSE) for the third quarter ended Sept. 30 declined to US$52,700 from earnings of US$255,000 in the third quarter of 1989. The sale of the company’s remaining position …
Alberta Stock Exchange Kingswood up 7 cents
With the price of gold remaining at a lacklustre US$377 per oz. in the report period ended Nov. 20, a handful of junior base metal stocks showed the only signs of life in a quiet market. For example, …
Spot prices at a glance (November 26, 1990)
Week’s Price (US) Change Gold* $377.35 — $6.10 Silver* $4.11 — $0.09 Platinum*$413.85 — $2.75 Nickel** $3.96 — $0.07 Lead** $0.31 — $0.02 Copper- $1.18 — $0.00 Zinc $0.58 — $0.00 Courtesy of Sc…
FINANCING (November 26, 1990)
Simon Fraser Resources Ltd. — 300,000 shs offered @ $1.00 per sh. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 per sh.
U.S. REPORT Santa Fe plans corporate split
The railway parent of Santa Fe Pacific Minerals is spinning off its oil and gas and real estate assets into public companies but has no plans at the moment to take the mining company public. Santa Fe …
Onitap and Orex discuss settlement
The possible settlement of litigation related to the Goldboro gold property in Nova Scotia is being discussed by Onitap Resources (TSE) and Exploration Orex (ME), the companies jointly announced. Orex…
VSM, launches new drilling program on Grevet zinc bet
Encouraged by a new discovery on optioned property about five kilometres southeast of their Grevet zinc project near Quevillon in northwestern Quebec, VSM Exploration (TSE) and Serem-Quebec have launc…
PRODUCER PRICES (November 26, 1990)
ALUMINUM: MW U.S. Market US73.50- 74.50 cents per lb. (Nov. 15, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
Thermal confirms copper-rich core
Three recently completed infill holes have confirmed the presence of a high-grade copper core at the Williams Creek oxide deposit of equal partners Thermal Energy (ASE) and Western Copper Holdings, an…
News In Brief Red Dog impact
The huge Red Dog zinc-lead- silver mine in Alaska of Cominco (TSE), started up about one year ago, is having a major impact. In less than two years, the state’s status has changed from being a non- pr…