NovaGold options more lead-zinc claims
Following its success on the Sewell Brook lead-zinc property in New Brunswick, NovaGold Resources (TSE) has optioned another 27 claims, 25 km east of its recent discovery. NovaGold says the Sears Lake…
News
U.S. REPORT Newmont Australia in BHP takeover
An affiliate of Newmont Mining (NYSE), Newmont Australia, recently acquired control of BHP Gold Mines from BHP’s parent, Broken Hill Pty. Co. of Australia, in a stock swap. Newmont Australia purchased…
ALBERTA STOCK EXCHANGE Ontex active
The final round in Ontex Resources’ court battle against TSE-listed Metalore was being fought during the report period ended Nov. 13 as lawyers from each side presented their final summaries at the tr…
Placer Dome’s earnings benefit from sale of Canadian oil and gas
The sale of Canadian oil and gas assets gave Placer Dome (TSE) a large boost to its 1990 third-quarter and 9-month earnings. The major company received $288.5 million from the sale of its oil and gas …
GOLDFUNDS2 (November 19, 1990)
Gold funds as of Oct. 16 MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
Northgate writes off value of remote Colomac gold mine
Northgate Exploration’s (TSE) affiliate NorthWest Gold (AMEX) recently declared a $149.5-million writedown on the carrying value of its remote Colomac gold mine in the Northwest Territories. While the…
Aurora to drill Best Chance
A 4-hole reverse circulation drill program is planned for the Best Chance copper property by junior Aurora Gold (VSE). Aurora has the right to earn a 100% interest in the Yukon property from Hudson Ba…
Montreal Exchange Agnico reports find
News of a gold discovery near the producing Eagle/Telbel mining project of Agnico-Eagle Mines in the Joutel, Que., area helped shares of the company to jump by $1.25 to $7. The company traded 263,400 …
Siam to mine kaolin deposit in Thailand
Calgary-based Siam Trading (ASE) has signed a joint venture agreement to develop and mine a kaolin deposit situated about 150 km east of Bangkok, Thailand. The company has obtained a 10% working inter…
Corona C shares
Burns Fry has announced that it owns or has control over 459,200 convertible first preference C shares of Corona (TSE), representing about 16% of Corona’s outstanding C shares. The securities firm say…
OBITUARIES Leo MacKenzie
Leo MacKenzie, president of MacKenzie Resources, died recently. He was 58. Born in Nova Scotia, Mackenzie held a B.Sc. degree in geology from 0506,0000 St. Francis Xavier University. Companies he had …
Drilling confirms Lightning zone
The latest batch of drill results from the Lightning zone of the Holloway project owned 60/40 by Noranda (TSE) and Freewest Resources (TSE) confirm a major gold deposit with significant widths is taki…