U.S.REPORT Uranium Resources plans production
Planning to increase annual production capacity from one million to more than four million pounds in the near future, Uranium Resources (TSE) has borrowed $23 million from Citibank. The 6-year credit …
News
U.S.REPORT Galactic, Cornucopia merger may come following share
Vancouver-based companies Galactic Resources (TSE) and Cornucopia Resources (TSE) are preparing to follow the example set by other mining firms by laying the ground work for a possible merger. Galacti…
People LEXINGTON RESOURCES
A.M. Sinclair and Don Archibald appointed to the board of directors.
High grade values found at Marlin bet
Partners Golden Marlin Resources (VSE) and Cameco are currently analyzing the results of a winter program at the Northwest gold joint venture near Yellowknife, N.W.T. Under an agreement, Cameco can ea…
Placer bids for Eskay
Placer Dome (TSE) has made an all cash offer of $67.50 per share for Stikine Resources (TSE), the 50% owner of the Eskay Creek property. Alternatively, shareholders have the option to take 3.5 common …
Hemlo, Mishibishu explore Pukaskwa River bet
Joint venture partners Hemlo Gold Mines (TSE) and Mishibishu Gold (VSE) have started a summer work program of backhoe trenching, sampling and prospecting on their 371-claim Pukaskwa River gold propert…
News in brief (June 04, 1990)
BGR Metals has declared a regular quarterly dividend of 25 cents per common and class A share, payable April 27, 1990.
Vior partners set to begin new drilling phase at Douay
The partners involved in the Douay Twp. gold discovery near Casa Berardi, Que., are preparing to launch a new drilling program to look for an extension of a mineralized zone that yielded 59.3 ft. of g…
Corona gets $5 million for future exploration
An agreement with CMP 1990 will provide Corona (TSE) with $5 million for exploration financing. Under the terms of the agreement, Corona will receive $3.5 million from CMP in return for up to 375,110 …
Toronto Stock Exchange Indices (June 04, 1990)
0701,0205,0205,0205,0205,0205,0205,0205, May 29 May 28 May 25 May 24 May 23 HIGH LOW Composite “300” 3524.20 3498.68 3494.69 3510.57 3519.40 4009.47 3334.13 Metals & Minerals 3125.31 3070.48 3061.95 3…
COATS (over-the-counter) New Holloway zone
Noranda has discovered a new gold-bearing structure on the Holloway gold property near Matheson, Ont. Infill drilling on the claims it shares with Freewest, Noranda intersected grades of up to 0.42 oz…
Newfields breathes new life into Princess Royal
By issuing 3.7 million shares to Surf Inlet Mines (VSE), Newfields Minerals (TSE) will receive a 25% interest in the Princess Royal Island polymetallic prospect, 100 miles south of Prince Rupert, B.C….