Great Lakes Minerals plans public offering
Toronto-based junior Great Lakes Minerals is planning a public offering of 2.4 million units (shares and warrants) at 45 cents per unit. One-third of the units are expected to be purchased in Europe. …
News
New base metal plays shaping up in Quebec
Another exciting season for base metals exploration activity is taking shape in northern Quebec’s Abitibi greenstone belt as several key polymetallic projects are being slated for significant work pro…
Drilling at MacLeod hints at low-grade, high-tonnage find for
The last 15 holes of a 35-hole drilling program on the MacLeod Lake property have intersected significant widths of copper mineralization, fuelling hopes for a low- grade, high-tonnage deposit. By the…
Vancouver Stock Exchange Prime group companies big movers
Once again, Prime group companies dominated trading activity on the Vancouver Stock Exchange for the week ended April 24. Even through Eastern equity markets are still reeling from the Bank of Canada’…
Roman Corp. 1989 earnings a step towards profit goal
Roman Corp., the Toronto-based holding company that owns 25.4% of Denison Mines (TSE), reported earnings before extraordinary items, of $2.3 million or 24 cents per share in 1989, compared with a loss…
Flag cuts 43 ft. grading 0.32 gold north of Sudbury
A recently completed drill hole on Flag Resources’ Wolf Lake property in MacKelcan Twp., 30 miles northeast of Sudbury, Ont., has intersected 43 ft. grading 0.32 oz. gold per ton in the vicinity of so…
Gold funds as of Apr. 24
MVP BGR Central Capital Net value $11.56% %$5.85% $0.38% Price $9.75% %$6.125% $0.22% Discount 15.66% %4.7% 42.1% Value $68,843,115 $103,048,838 N/A…
No one could have foreseen ’80s problems, opportunities
The 1980s were highly successful years for Conwest Exploration. Over the 10-year period from 1980-89, the company reported total operating profits of $311 million, earned a total of $120 million in ne…
Golden Hope gets $9 million for Bellechasse exploration
A large-scale exploration project on Golden Hope Mines’ (COATS) gold-base metal properties in the Eastern Townships area of Quebec is about to begin, thanks to a financing commitment from St. Geneviev…
People (April 30, 1990)
AMERICAN BARRICK — Alan Hill appointed executive vice- president of operations and Gregory Wilkins, executive vice-president and chief financial officer.
News in Brief (April 30, 1990)
The Centre for Resource Studies at Queen’s University, Kingston, Ont., will receive a $81,525 grant to study the impact of research and development on the province’s mining industry, says Ontario’s Mi…
Corona takes control of hot Eskay Creek play
By entering into an agreement in principle for the merger of Prime Resources Group (VSE) and Stikine Resources (TSE) into a new company, Corona (TSE) has secured control of the rich Eskay Creek gold p…