QPA convention
The 16th annual convention of the Quebec Prospectors Association will take place Sept. 12-14 at Val d’Or, Que. Theme of the conference, and topic of a panel conference on the Thursday morning followin…
News
Fortune begins work on Newfoundland bet
Using a public financing completed in July, Fortune Bay Resources (VSE) will begin trenching and drilling on its Isle Aux Mort gold property this month. Fortune will be investigating a sheeted quartz …
Brosnor meeting
Shareholders of Brosnor Exploration (ME) will vote on a proposed corporate consolidation at a Sept. 29 meeting. Proposed is a consolidation based on seven old shares for one new share. Also proposed i…
Minorca encounters more high grade gold
Val d’Or, Que., company Minorca Resources (VSE) is considering a 10,000-ft. drill program for its Santa Anna property near La Sarre, Que., after encountering more high-grade gold values within the No….
Sixth year of profits for Imperial
With earnings of $1.77 million or 8.7 cents per share, Imperial Metals (TSE) is reporting its sixth consecutive year of profitable operations. The results were about half the $3.18 million or 19 cents…
FINANCING (August 27, 1990)
Coronet Metals Inc — 700,000 offered @ 50 cents per sh. Avondale Resources Inc — 2,000,000 offered @ $1.22 per unit.
U.S. REPORT Vinta acquires Alaskan claims
Along with details of management changes, Vinta Explorations (VSE) recently announced plans to explore a newly acquired 124,520-acre land package in Alaska. The junior company said US$12 million was s…
Freewest, Noranda excited Lightning gold zone yields best hole yet
Five drills continue to probe the potential of the Lightning gold zone on the Harker-Holloway property of 60/40 partners Noranda (TSE) and Freewest Resources (ME). This week, the joint venture release…
Placer Dome earnings soar
The 1990 second-quarter financial results from Placer Dome (TSE) show a jump in net earnings to $80.8 million, or 34 cents per share, compared with net earnings of $31.5 million or 14 cents per share …
Spot prices at a glance (August 27, 1990)
Week’s Price (US) Change Gold* $410.00 + $8.50 Silver* $5.12 — $0.01 Platinum* $500.25 + $4.00 Nickel** $5.13 + $0.14 Lead** $0.40 + $0.01 Copper- $1.33 — $0.01 Zinc– $0.73 — $0.02 Courtesy of Sco…
Letters to the editor Multi-use on Crown land urged
Northerners have always practised multiple-use on Crown land — a co-operative land management system that depends on local expertise. The land’s capability is the first priority with our loggers, pro…
Tymar, Ticker Tape drilling Newice
Partners Tymar Resources (VSE) and Ticker Tape Resources (VSE) are about to start a drill program on their Newice property, 68 miles north of Stewart, B.C. Previous work on the property is reported to…