FINANCING (October 29, 1990)
Bradsue Resources Ltd. — 400,000 shs offered @ 55 cents per sh.
News
Titanium feedstocks considered adequate
Global production of titanium- bearing minerals increased by about 1.2 million tonnes of contained TiO/c2h/ during the 1985-89 period, barely keeping pace with demand for titanium dioxide pigment, whi…
Adonos options Chilean property
An option agreement has been signed by Adonos Resources (VSE) with a Chilean company whereby Adonos may earn a 50% interest in a rutile-gold-copper property in the northern part of the South American …
Goldstrike grades exceed plans says American Barrick
Senior officials at American Barrick Resources (TSE) have moved quickly to quash a recent series of rumors about trouble at the company’s Goldstrike mine in Nevada. Robert Smith, president of American…
Pamour takeover delayed again
Acquisition of a controlling interest in the Pamour (TSE) group of companies, originally scheduled to close on Sept. 27, has been postponed once again. Royal Oak Resources (TSE), which stands to gain …
OBITUARY Fred Gill
Fred Gill, manager of Latin America for Cominco Resources International, died recently. Gill was a passenger in a chartered boat that sank in a sudden windstorm in Chile’s Punta Arenas region. He was …
NovaGold hits barren zone at Bathurst bet
Three shallow drill holes on NovaGold Resources’ (TSE) Middle River gold property, 30 km west of Bathurst, N.B., failed to intersect any economic grade intersections, although all of the holes cut the…
Deak to reopen MacDonald mine, mill ore at Kidd Creek
The MacDonald mine, a former zinc-gold-silver producer four miles north of Rouyn-Noranda, will be reopened as an open pit zinc operation after Deak Resources (TSE) closes its deal with MacDonald Mines…
BMR joint ventures America Mine project
A wholly owned unit of NERCO (NYSE) recently entered into a joint venture agreement with BMR Gold (ASE) for ongoing development of BMR’s America Mine project. NERCO can earn a 60% interest in the prop…
Big hole near Eskay for Silver Butte, American Fibre
Overshadowed by activities on the neighboring Eskay Creek property, joint venture partners Silver Butte Resources (VSE) and American Fibre (VSE) have quietly drilled some 20 holes totalling 10,135 ft….
FUTURES PRICES (October 22, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 126.20 124.70 125.50 — 3.50 Nov 120.00 119.00 118.85 — 4.50 Dec 114.60 112.10 113.35 — 4.75 SILVER (in US …
Mahogany merger considered fair
A valuation report and fairness opinion of the proposed amalgamation of Vancouver companies International Mahogany (TSE), Goldsil Resources (TSE) and Magellan Resources (VSE) was completed recently. U…