Placer wins round in Eskay battle
Future ownership of the Eskay Creek gold play has become even more of a question mark, following Placer Dome’s (TSE) acquisition of a 45% stake in Stikine Resources (TSE). Under its offer of $67.50 (o…
News
News in Brief Repadre Resources
Repadre Resources has changed its name to Repadre Capital Corp. (RPD:VSE) on a share-for-share basis. Transfer agent is Pacific Corporate Services Ltd.
Merchant suggests tires as backfill for Inco mines
Inco Ltd., a pacesetter in its efforts to clean up the environment, may help to rid Ontario of the hazard caused by discarded tires. Laboratory tests are being conducted to decide if tires, ground int…
U.S.REPORT X-Cal options U.S. gold bet
X-Cal Resources (TSE) recently entered into an option agreement allowing it to earn a 50% interest in the Wild Rose property in Nevada from Equinox Resources (TSE). To earn its interest in the gold pr…
Flow-through funds for five juniors
Five juniors listed on the Montreal Exchange are to share in a flow-through financing put together by Montreal-based partnership fund Minexco 1990. A final prospectus has been filed by Minexco with th…
Vancouver Stock Exchange Eskay heats up market
The Vancouver Stock Exchange’s resource index is ignoring gold’s lacklustre performance with a jump of almost 15 points during the week ended June 19, closing at 858.75. Gold bulls point to bottom fis…
Gem Safari planned for `Down Under’
A Vancouver mining engineer and gemmologist will lead a tour of Australia for hunters on the trail of opals, sapphires and other gems. Led by Ron Stokes, the opal and gem safari will run from late Oct…
PEOPLE NWT CHAMBER OF MINES
TOM HOEFER appointed general manager.
Spot prices at a glance (June 25, 1990)
Week’s Price (US) Change Gold* $347.05 — $5.95 Silver* $4.82 — $0.17 Platinum* $473.00 — $11.40 Nickel** $3.88 + $0.09 Lead** $0.38 + $0.01 Copper- $1.15 — $0.01 Zinc $0.77 + $0.01 Courtesy of Sco…
MAC to adopt product stewardship approach
The 100 members of the Mining Association of Canada (MAC) will be taking on added responsibilities for protecting the natural environment under its new Chairman Keith Hendrick. He is also president of…
High River funding
Inco Gold, a unit of Inco (TSE), recently purchased 995,985 flow- through shares of High River Gold Mines (VSE), pursuant to the exercise of the same number of flow- through warrants issued last year …
The golden rule about gold reserves
In my father’s youth, gold coins were part of normal circulation. There were real silver coins too, with relatively few paper banknotes and bills. The First World War put an end to gold coins in circu…