Merrill to act as agent for Poco sale
Merrill Lynch Canada will act as financial adviser and agent in connection with Corona’s (TSE) planned sale of its oil and gas holdings in Poco Petroleums and Avalon Corp. Last month, Corona announced…
News
New group set to raise $1 m for Baslen exploration plan
A group of businessmen gathered in a downtown Toronto hotel room recently to discuss the future prospects for junior exploration company International Baslen Enterprises (ASE). The informal meeting wa…
U.S. REPORT Vinta returning consistent wide intersects at Illinois
The remaining holes from a 38-hole drilling program on the Illinois Creek project in the western interior of Alaska have returned wide intersections of gold-silver mineralization. The drilling program…
Drilling expands potential of New World project
Drilling success on the New World property this year has Crown Butte Resources (TSE) predicting a substantial increase in reserves from those reported at the end of the 1989 program. Recent drilling a…
Westlake, Minera merger approved
Final court approval has been granted for a merger between Minera Rayrock (TSE) and Westlake Industries (VSE) which holds a 40% stake in Minera’s Bellavista gold project in Costa Rica. Under the merge…
U.S. REPORT NDU starts drilling on Bend, prepares for TSE listing
Drilling is under way on the Bend copper-gold deposit in northern Wisconsin, according to operator NDU Resources (VSE). The deposit, which hosts preliminary reserves of 1.9 million tons grading 2.8% c…
$43-per-oz. improvement for Dome
The manager of Placer Dome’s (TSE) Dome mine in Timmins says the company hopes to reduce its average production costs by as much as US$43 per oz. Robert Perry made the comment at the conclusion of a 6…
Hudbay hits zone below workings at Trout Lake mine
A new high-grade zone of zinc- copper-gold mineralization has been discovered by Hudson Bay Mining and Smelting (TSE) below the current workings of its Trout Lake mine in Manitoba. The mine is a joint…
Pouliot to speak at CIM luncheon
Gilles Pouliot, Ontario’s new mines minister, will spell out the government’s priorities in the mining industry at a luncheon, Nov. 15. The meeting, to be held at the Royal York Hotel in Toronto, is s…
Toronto Stock Exchange Indices (November 12, 1990)
Nov. 6 Nov. 5 Nov. 2 Nov. 1 Oct. 31 HIGH LOW Composite “300” 3094.67 3095.24 3085.48 3085.00 3081.26 4009.47 3009.91 Metals & Minerals 2543.57 2575.26 2600.39 2612.30 2606.99 3453.06 2543.57 Integrate…
Anglo encouraged
Narrow intersections carrying visible gold have been reported by Anglo Canadian Mining (TSE) from some recently completed drill holes on its MWF property near Timmins, Ont. The claims are situated in …
Commodity index on the rebound
Helped in part by rising base metal prices, the all-commodity price index of Scotiabank, on the rebound since the first quarter of the year, is riding slightly above levels of 12 months ago. In Septem…