Drilling resumes on Douay gold bet
A new drilling campaign has started on the Douay gold property owned by joint venture partners Inco (TSE), Societe d’Exploration Miniere Vior (ME) and Cambior (TSE). The property is in the Casa Berard…
News
COATS (over-the-counter) Gold Bar hit with lawsuit
It appears that Southern Arizona Mining and Smelting’s bid for a 50% interest in the Chester Twp. gold property near Gogoma, Ont. is in jeopardy. James Hunter, a shareholder of property owner Gold Bar…
Black Hawk completes acquisition of Union nickel-copper deposit
Toronto-based Black Hawk Mining (TSE) says it has acquired all the outstanding shares of First China Capital whose main asset is the Union nickel-copper deposit in the state of Maine. Based on 170 dri…
Northwest moves to next stage in Colomac construction phase
Having completed plant construction at its wholly owned Colomac gold project, 137 mile north of Yellowknife, N.W.T., NorthWest Gold (AMEX) (formerly ABM Gold) is tuning up the project’s milling facili…
Spot prices at a glance (July 23, 1990)
Week’s Price (US) Change Gold* $360.10 + $6.40 Silver* $4.83 + $0.02 Platinum* $470.90 — $6.75 Nickel** $4.22 + $0.14 Lead** $0.39 — $0.02 Copper- $1.24 — $0.04 Zinc $0.70 — $0.10 Courtesy of Scot…
Work starts at Unuk River project
A program of geological mapping and geochemical sampling is in progress on the Unuk River project, about 40 miles north of Stewart, B.C., and four miles southeast of the Eskay Creek 21 zone discovery….
FINANCING (July 23, 1990)
VANCOUVER Crimsonstar Res — 1,000 offered @ 57 cents per sh. Yellow Band — 900,000 offered @ 45 cents per unit. Clifton Star — gross proceeds rec $1,645,503.50. Cons Kyle — 850,000 offered @ 40 ce…
United Keno board approves BLM deal
The board of directors of United Keno Hill Mines (TSE) has given the green light to a deal that will see BLM Mines, a unit of Sudbury- based Bharti Laamanen Mining, acquire Falconbridge Ltd.’s 44.8% s…
Toronto Stock Exchange Indices (July 23, 1990)
July 17 July 16 July 13 July 12 July 11 HIGH LOW Composite “300” 3613.39 3638.85 3596.38 3569.77 3544.52 4009.47 3334.13 Metals & Minerals 3359.95 3402.97 3375.64 3342.75 3293.21 3453.06 2850.84 Integ…
Opawica, Minnova will go to court over Lac Shortt mine
A legal dispute over the Lac Shortt gold mine in northwestern Quebec will soon go to trial, according to Opawica Mines (TSE). Opawica will be battling for the proceeds of a 7.5% net profit royalty fro…
Joutel raises cash through rights offer
With the recent offering of more than 35 million transferable subscription rights, shareholders of Joutel Resources (TSE) will be able to exchange their shares for rights in the company. The offer exp…
News in brief Amulet Resources Corp.
Amulet Resources Corp. (AUO:VSE) has changed its name to Golden Unicorn Mining Corp. (GU:VSE) on a 1-new-for-3-old- share basis. There has been a private placement of one million shares at 15 cents pe…