Adonos takes option on Costa Rican bet
Vancouver-based Adonos Resources (VSE) has exercised its option to acquire a Costa Rican gold property from Black Cliff Mines (TSE), its parent company. The 79-sq.-km property hosts the Beta Vargas go…
News
Colchis gears up for drilling at La Ronge
Joint venture partners Colchis Resources (VSE) and Pine Channel Gold (VSE) are completing preparations for a 6,500-ft. drilling program on their single claim in the La Ronge Belt of Saskatchewan. The …
U.S. REPORT USMX income takes a dip
Net income for the second quarter ended June 30, for USMX (NASDAQ) was reported as US$176,000 or 1.3 cents per share on revenues of US$1.9 million. This compares to net earnings of US$609,000 or 4.4 c…
Insider Trading Black Hawk board granted options
The entire board of Toronto- based Black Hawk Mining (TSE) has been positioning itself to take advantage of any developments relating to the company’s U.S. and Canadian nickel projects. According to t…
U.S. REPORT Vinta acquires Alaskan claims
Along with details of management changes, Vinta Explorations (VSE) recently announced plans to explore a newly acquired 124,520-acre land package in Alaska. The junior company said US$12 million was s…
EDITORIAL PAGE Earnings show cost of high rate
If there were any doubts about the effect of current monetary policy on Canada’s mining industry, second-quarter results should put an end to them. High interest rates and the resulting strong dollar …
Preservationists’ report has little to say on multiple use
Recently, I came into possession of a typed copy of a tape taken of the World Wildlife Fund Canada, “Report of the Anglo- North American mapping group, Honolulu, Hawaii, June 23, 1990.” The area of co…
FINANCING (August 27, 1990)
Coronet Metals Inc — 700,000 offered @ 50 cents per sh. Avondale Resources Inc — 2,000,000 offered @ $1.22 per unit.
News In Brief (August 27, 1990)
Starlight Energy Corp. (SEY: VSE) has changed its name to Hansa International Resources Ltd. (HAN:VSE) on a 1-new-for- 3.5-old-share basis. Transfer agent is Central Guaranty Trust.
METAL PRICES FUTURES PRICES (August 27, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 132.50 131.70 132.05 — 1.95 Sept 132.50 130.50 131.75 — 1.10 Oct 129.00 129.00 129.80 — 0.05 SILVER (in US…
Sixth year of profits for Imperial
With earnings of $1.77 million or 8.7 cents per share, Imperial Metals (TSE) is reporting its sixth consecutive year of profitable operations. The results were about half the $3.18 million or 19 cents…
Minorca encounters more high grade gold
Val d’Or, Que., company Minorca Resources (VSE) is considering a 10,000-ft. drill program for its Santa Anna property near La Sarre, Que., after encountering more high-grade gold values within the No….