Metal Prices FREE MARKET (December 17, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date December 11 December 10 December 7 December 6 December 5 Copper 1274-1276 1279-1280 …
News
Alberta Stock Exchange Biron Bay steady
Despite a lacklustre gold market, Biron Bay Resources managed to hold on to its recent price gains by closing at $1 on volume of 64,500 shares in the week ended Dec. 11. The company is bullish on the …
NEWS IN BRIEF Black Hawk Mining
Shareholders of Black Hawk Mining (TSE) have until Dec. 21 to exercise rights issued at a rate of one right for every 2.3 shares. (Fractional interests in rights will be rounded down to the nearest lo…
Grizzly Creek plans to boost interest in Philippines project
Vancouver-based Grizzly Creek Resources (VSE) says it will increase its interest in Golden Valley Explorations, owner of the Pinkian copper and gold property in the Philippines. Grizzly Creek has a 40…
Ivanhoe in control of S.A. Goldfields with private placement
The board of directors of South American Goldfields (TSE) has been strengthened following the recent completion of a private placement with Ivanhoe Capital Corp. .TControl of the junior gold explorer …
BOOKS IN REVIEW Yellowknife founders tell their stories
The first volume of Yellowknife, N.W.T., an Illustrated History, published recently, is a project initiated by Susan Jackson to commemorate the city’s 50th anniversary celebrated in 1984. Although she…
FINANCING (December 17, 1990)
Dundee Resources Corp. — 1,800,000 shs offered @ 17 cents per sh. Sundance Resources Ltd. — 2,000,000 shs offered @ 27 cents per sh. Mountain Beaver Resources Ltd. — 2,700,000 units consisting of 1…
Parlake options (December 17, 1990)
The shareholders of Parlake Resources (TSE) have approved a proposal to grant options to the president and one director of Parlake. Under the incentive program, the Parlake officers will hold options …
Newfoundland helps lobbyists with grants for prospecting
Newfoundland will introduce a program next spring designed to encourage people to prospect for gold. A 2-week prospecting course will be offered in May at a community college in Stephenville on the pr…
Crown optimistic about Pinon based on results from 18 holes
Results from the first 18 holes of a 30-hole program on the Pinon Range project have owner Crown Resources (VSE) optimistic about the property’s potential. Significant results from the program are lis…
Safety must be a priority for exploration industry
In the fall of last year, the prospecting industry in Ontario received notice from the Workers’ Compensation Board (WCB) that its assessment rates for 1990 would be raised by a staggering 15%. The inc…
Alberta Stock Exchange Biron Bay up 30 cents
A recent progress report by Biron Bay Resources on its 60% owned Summit gold project in New Mexico has led to a 30 cents gain in that company’s share price. Biron traded 109,100 shares to close at $1….