Total Energold Plexus deal on
The on-again, off-again, private placement between Total Energold (TSE) and Plexus Resources (TSE) is back on track. The deal, identical to the one cancelled in early April, will see Total buying a pr…
News
CAME papers available
The proceedings of CAME’90, a 2-day meeting on computer applications in mineral exploration held recently in Toronto, are now available. Noteworthy are the dos and don’ts for each step of the explorat…
Glamis options Randsburg lands
An option on 30,000 acres of mineral holdings near Randsburg, southern California, was recently acquired by Glamis Gold (TSE) from Denver- based DRX Inc. Glamis notes that much of the land is contiguo…
Toronto Stock Exchange Indices (May 14, 1990)
May 8 May 7 May 4 May 3 May 2 HIGH LOW Composite “300” 3437.97 3421.51 3367.84 3346.68 3340.34 4009.47 3334.13 Metals & Minerals 3011.50 3002.77 2940.23 2922.54 2907.69 3453.06 2850.84 Integrated Mine…
Rea reports mixed results
Although a loss was reported for the year ended Dec. 31, Rea Gold (TSE) reached profitability in the first quarter of 1990. The company reported a loss of $2 million or $0.16 per share for the year en…
Flag assay results
The latest assays from Flag Resources’ (ASE) Wolf Lake copper-gold prospect in MacKelcan Twp., northeast of Sudbury, Ont., have yielded mixed gold results in eight of 11 holes. A couple of high-grade …
Editorial Do we need mines?
“Do we need minerals? Only if we want buildings, roads, ships, cars, airplanes, glass windows, plates, cutlery, industrial machinery, communications equipment, energy generation and transmission, and …
PEOPLE (May 14, 1990)
OREGON RESOURCES — Douglas Good appointed president succeeding Frank Baumann who has resigned; Bernard Poznanski appointed director succeeding James McDougall who has resigned.
Granges granted security for costs in Abermin lawsuit
The Supreme Court of British Columbia has ruled in favor of Granges (TSE) and others in their bid to have Abermin (TSE) post security for costs in the ongoing litigation over the Tartan Lake gold mine…
Horsham earnings drop in quarter
Horsham (TSE), which controls gold producer American Barrick Resources (TSE), reported sharply reduced earnings during the first three months of 1990. First-quarter earnings before extraordinary items…
Successful MDA programface uncertain future
Just as the exploration industry is adjusting to the sudden elimination of the Canadian Exploration Incentives Program (CEIP) earlier this year, another government program designed to stimulate explor…
Editorial `Borrowing’Tony Oklend’s boat
If only Tony Oklend could see LAC Minerals today. Who was he, you might well ask? Tony was a lonely, illiterate, Lithuanian immigrant who eked out a rugged existence trapping in the Thunder Bay area, …