Eastern to drill gold anomalies on Shamrock
Having received favorable indications from overburden testing on its Shamrock gold property in Newfoundland, Eastern Goldfields (COATS) plans to engage in a program of drilling and trenching this summ…
News
Alberta Stock Exchange Golden Crescent up
Shares of Toronto-based Golden Crescent Resources posted a surprising gain of 80 cents for the week ended April 10 to close at $1.75 on volume of 164,900 shares. The company has reported some mixed dr…
Skyline still struggling at Johnny Mountain mine
Despite substantial increases in throughput and gold recoveries, Skyline Gold (TSE) has yet to achieve commercial production at its wholly owned Johnny Mountain gold mine in the Iskut River district o…
Letters to the Editor Giauque staked Discovery claims
I thoroughly enjoyed the 75th Anniversary issue of The Northern Miner. Concerning “The dirty ’30s” article by Frank Kaplan and the reference to Jerry Byrne and the Discovery mine, I’d like to mention …
U.S. Report BMR focusing on California project
The focus for the coming year for BMR Gold (ASE) will be to bring the America Mine gold project to the point of a production decision. BMR has the right to acquire a 75% interest in the America Mine p…
U.S. Report Foreign reserve potential interests Battle Mountain
To bolster depleting North American reserves, Battle Mountain Gold (NYSE) is making a commitment to developing reserves in South America and the Austral Pacific region. The 1989 annual report stresses…
Sale of Indonesian interests will net Inco $125 million
Through a public offering on the Indonesian stock exchange, Inco (TSE) will sell 20% of its interest in PT International Nickel Indonesia (PT Inco). The sale will net proceeds of US$250 million, resul…
Spot prices at a glance (April 16, 1990)
Week’s Price (US) Change Gold* $374.10 — $0.15 Silver* $5.09 + $0.08 Platinum* $476.00 + $0.30 Nickel** $3.99 — $0.10 Lead** $0.37 — $0.04 Copper- $1.19 — $0.07 Zinc $0.74 — $0.04 Courtesy of Sco…
Commodity index in further decline
A small drop of 0.5% in Scotiabank’s all-commodity price index was recorded for February; on an annualized basis, the index fell by 5.3% for the month. A decline in base metal prices contributed to th…
National Resource proposes amalgamation
The shareholders and partners of National Resource Explorations (TSE) have recently been notified that the company intends to amalgamate with NIM Management, and wind up all six of their partnerships …
Vancouver Stock Exchange Reserve figures goost Eskay players
The Vancouver Stock Exchange lost some of its steam during the past week, the composite index off about 10 points at 11 a.m. on April 11, today, for a total loss of about 18 points over the week’s rep…
Wydmar raises cash for gold exploration
An option agreement between Southern Arizona Mining and Smelting (COATS) and Wydmar Development (VSE) will allow Wydmar to finance exploration on their Eskay Creek and Island Lake properties. Under th…