NEWS IN BRIEF Toltec Resources
Toltec Resources (VSE) recently completed a private placement of 150,000 units at 80 cents per unit. Each unit consists of one share and one warrant exercisable at 80 cents during the first year and 9…
News
Craftech, Revere deal
Craftech Manufacturing, a private company, has signed an option deal to earn a 50% interest in Revere Resources’ (VSE) Rice Lake gold property near the old San Antonio mine in Manitoba. The deal marks…
New gold showing near Seabee mine site
Exploration in the vicinity of the Seabee mine site in northern Saskatchewan has uncovered a promising new gold showing, say partners Claude Resources (TSE) and Manchester Resources. While prospecting…
COATS (over-the-counter) Card claims gain value
A 5-claim package owned by Card Lake Resources in Holloway Twp., Ont., is looking increasingly attractive as Noranda probes extensions of the Lightening gold zone on a property optioned from Canamax. …
Ontario supports Shoal Lake mining
Ontario’s mines minister, Gilles Pouliot, says the Ontario government supports mining development on Shoal Lake in northwestern Ontario as long as it does not threaten the available supply of drinking…
LETTERS TO THE EDITOR Another view of the Roman Empire
Your review (T.N.M., Nov. 26/90) of The Roman Empire reflects the view of the book’s author, Paul McKay, who obviously has omitted some facts. Thus your article reveals that the book was written with …
Toronto Stock Exchange Metal stocks up as Noranda tightens purse
Base metal stocks continued to benefit from the prospect of lower interest rates and the likelihood of a peaceful solution to the Gulf crisis during the week ended Dec. 11. The big producers including…
Spot prices at a glance (December 17, 1990)
Week’s Price (US) Change Gold* $377.30 — $7.45 Silver* $4.15 + $0.04 Platinum*$429.75 + $3.00 Nickel** $3.70 + $0.03 Lead** $0.29 — $0.02 Copper- $1.11 — $0.02 Zinc– $0.56 — $0.01 Courtesy of Sco…
Onitap and Orex settle dispute
Juniors Onitap Resources (TSE) and Exploration Orex (ME) announced at presstime they have settled their legal dispute concerning the Goldboro gold property in Nova Scotia. Orex, which initiated the la…
U.S. REPORT Initial results from Fort Knox bulk sample
Preliminary assay results were released by Fairbanks Gold (VSE) from a 45,000- ton bulk sample mined at its 51% owned Fort Knox gold property near Fairbanks, Alaska. The company said the preliminary, …
Vancouver Stock Exchange Chase, Grizzly buck trend
The Vancouver Stock Exchange continued its progression of record lows over the week ended Dec. 11. The Composite Index settled with an 8-year record low close of 505.84 before rebounding somewhat to f…
Noranda options Camreco property
A letter of agreement has been entered into between Camreco (TSE) and Noranda Exploration, a unit of Noranda (TSE), whereby the latter may earn a 50% interest in the Goldlund gold property in northwes…