Mineta options claims to Corona
A joint venture agreement between Mineta Resources (VSE) and Corona (TSE) will give the latter company the right to earn up to a 75% interest in the Golden Loon claims by spending $1.2 million on the …
News
Correction Tonto
The employer of project superintendent Ron Koebel, who is stationed at the Eskay Creek gold project in northern British Columbia, was incorrectly identified (T.N.M., Aug. 6/90). Koebel works for Tonto…
Spot prices at a glance (August 13, 1990)
Week’s Price (US) Change Gold* $384.75 + $13.65 Silver* $4.87 + $0.06 Platinum* $479.65 — $5.50 Nickel** $4.99 + $0.36 Lead** $0.40 + $0.01 Copper- $1.32 + $0.03 Zinc $0.75 + $0.05 Courtesy of Scotia…
Merchant banker faces Utah court
The managing director of British merchant banker Samuel Montagu & Co. is being cross-examined this week in the Utah Federal Court in Salt Lake City by lawyers representing Utah exploration company Gol…
U.S. REPORT Bunker Hill earnings improve
Fortunes changed during the first half of 1990 for Bunker Hill Mining (TSE) as earnings rebounded to US$1.36 million versus a loss of US$958,000 in the first six months of 1989. Jack Kendrick, preside…
Gauthier moves to end Aur-Louvem dispute
To the surprise of almost no one in mining investment circles, St. Genevieve Resources (TSE) has tabled a proposal designed to end the legal deadlock over the base metal discovery of Aur Resources (TS…
FINANCING (August 06, 1990)
VANCOUVER Lodestar Expl — 800,000 offered @ 50 cents per sh. Adonos Res — 550,000 offered @ 50 cents per sh. Toltec Res — 700,000 sold for gross $280,000. Annabel Gold — 1,100,000 offered @ 75 cen…
Gold Bar shareholder suing Leliever over gold bet deal
A Gold Bar Resources (COATS) shareholder, who says he owns a 51% interest in the company, has initiated legal proceedings to prevent Gold Bar from selling part of its interest in a Gogama, Ont., gold …
Haileybury students receive cash awards
Recently a number of students at the Haileybury School of Mines were awarded scholarships for general proficiency or outstanding academic performance. Among the winners were Darwin Fiske (Saskatchewan…
COATS (Over-the-counter) McNickel gains 5 cents
Shares of McNickel traded heavily for the week ended July 31, jumping 5 cents to close at 20 cents on a volume of 216,500. Rumour has it that the Muscocho group of companies, of which McNickel is a me…
Output boosts Minnova profit
Added production from the Ansil and Samatosum polymetallic mines, which both entered commercial production last summer, resulted in a 10-fold profit increase for Minnova (TSE) in the first half of 199…
Correction (August 06, 1990)
A recent headline (T.N.M., July 23/90) on the editorial page, relating to an excerpt from a newsletter by M. Murenbeeld & Associates on the price of gold, should have read “Gold’s 12-year low.” Elsewh…