Shaft commissioned at Trout Lake
Ore is now being hoisted up the newly commissioned 2,100-ft. shaft at the Trout Lake mine owned 29% by Granges (TSE), 44% by Hudson Bay Mining & Smelting (TSE), and 27% by the government of Manitoba. …
News
Vancouver Stock Exchange Trading buoyed by Eskay play
Up until the week ended June 12, gold’s dismal performance wasn’t putting much of a damper on trading activity on the Vancouver Stock Exchange. In fact, recent increases in both volume and value of sh…
Montreal Stock Exchange Val d’Or big trader
News of a deal with Noranda Mines covering exploration of property adjacent to the Bardome zinc project in the Val d’Or, Que., area helped to spark the trading of more than 1.2 million shares of Resso…
St. Genevieve agrees to adopt poison pill
Directors at St. Genevieve Resources (TSE) have agreed to adopt a shareholder protection rights plan. St. Genevieve says the overall objective of the plan is to discourage “unfair” takeover tactics an…
Goldbelt to be an active player in Galore Creek (June 18, 1990)
Because of an equity stake in Pass Lake Resources (VSE) along with a healthy direct land position, Goldbelt Mines (VSE) will be an active player in the Galore Creek area. Galore Creek is part of the a…
Westmin secures deal with Tenajon
A formal agreement for the development of the SB gold-silver property near Stewart, B.C., was recently announced by Westmin Mines (TSE) and Tenajon Resources (VSE). Under its terms, Westmin can earn a…
Storimin leaves Moss Lake in `good hands’
Recent results indicate that the Moss Lake project, 70 miles west of Thunder Bay, Ont., has the potential to become a large-tonnage, low- grade open pit gold-copper-silver operation. The project was o…
“Golden Triangle Fund” to raise $4 million (June 18, 1990)
Ten junior companies active in northwestern British Columbia have joined forces to raise about $4 million through the “Golden Triangle Fund” for their 1990 exploration activities. As the name suggests…
GOLDFUNDS2 (June 18, 1990)
MVP BGR Central Capital Net value $10.58 $5.60 $0.35 Price $9.375 $5.750 $0.21 Discount %11.39% %2.7% 40.0% Value $62,989,575.25 $96,739,725 N/A…
People PRIORITY VENTURES
Russell Chambers appointed president and director; H.D. Simpson, Blaine Ritchie and Gordon Swift appointed directors, Terry Dobroshinsky, corportate secretary.
Creditor deal cuts Coxheath debt by 70%
Some of Coxheath Gold’s (TSE) creditors have agreed to convert Coxheath’s debt into shares of the company. At 17 cents per share, the conversion will be worth $1.99 million, reducing Coxheath’s unsecu…
Global gold output to increase but at slower rate: Gold Fields
The fall in the price of gold this year after a promising start is cause for concern in the industry but it has not left Gold Fields Minerals Services of London completely pessimistic. “The plunge bel…