Viceroy completes share issue
An issue of 700,000 common shares was recently completed by Viceroy Resources (TSE) at $4.75 per share. Net proceeds from the issue were $3.025 million. Viceroy has received no appeals against the rec…
News
Crown’s Jewel potential up on newest gold results
The potential of Crown Resources’ (VSE) Crown Jewel gold property in northeastern Washington continues to increase as results from a program financed by Battle Mountain Gold (TSE) are released. Crown …
Hislop bet yields mixed assays for Glimmer, Noranda
A mixture of high- and low-grade gold assays have been reported by partners Glimmer Resources (VSE) and Noranda (TSE) from recent follow-up drilling on their Beatty-Hislop joint venture near Matheson,…
Adrian drilling successful on Eskay `gap’
Drilling on the TOK claim gap within the Ski project owned by Adrian Resources (VSE) continues to return excellent assays and the company is confident reserves will increase as a result. The claim gap…
Cominco Resources may sell Chilean assets
London- based N.M. Rothschild & Sons and its Canadian affiliate have been retained by Cominco Resources International (TSE) to examine the potential for selling the company’s interests in several Chil…
Integrated unit sale
Edmonton-based Integrated Resources says it raised $339,560 from a unit offering which closed last month. Each unit consisted of 2,000 shares comprising 1,600 flow-through shares and 400 common shares…
Reserves updated at Marshall bet
Marshall Minerals (ASE) recently released final ore reserve calculations from a gold project in the Ivory Coast of West Africa. After completing a 1990 work program that included 18 drill holes, Marsh…
PRODUCER PRICES (December 17, 1990)
ALUMINUM: MW U.S. Market US69.25- 71.25 cents per lb. (Dec. 6, 1990). ANTIMONY: New York dealer US78-80 cents per lb. (Nov. 29, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
Old mine eyed as garbage dump
An abandoned open pit iron ore mine at Kirkland Lake, Ont., may see life again as a garbage dump. Pending provincial approval and a successful environmental-assessment hearing, Metropolitan Toronto pl…
Billiton’s cash available to bolster Canadian presence
Armed with extensive financing from its parent, the Royal Dutch/ Shell Group, Billiton Metals Canada is launching an aggressive foray into advanced exploration and development in this country. Heading…
Golden North cuts ties with Corona
Now that all ties with Corona (TSE) have been severed, associated companies Golden North Resource (TSE) and Hedley Pacific Mining (VSE) are looking for new projects either in the mineral exploration o…
OBITUARY Forbes Wilson
Forbes Wilson, a noted mining engineer and explorationist, died recently in York, Me., his home town. He was 80. In 1931, Wilson started his career in Chile. He then worked in South Africa and other p…