Bond, Kenora settle Shoal Lake dispute
A legal battle between Kenora Prospectors and Miners (COATS) and Bond Gold Canada concerning the Shoal Lake mining claims in northwestern Ontario has been settled. To end the year-old litigation betwe…
News
PROFILE Goldbelt’s Muzylowski turns vision into ore
The Galore Creek area, part of the Golden Triangle in northwestern British Columbia, is teeming with geologists hunting for precious metal and polymetallic deposits. Among the active players is Goldbe…
Equity Silver earnings steady
Earnings for the first half of 1990 for Equity Silver Mines (TSE) stood virtually unchanged over the previous year. The company reported earnings for common shareholders of $8.2 million for the six mo…
Minefinders sells Quebec properties to Malartic Hygrade
For $1.5 million in cash, securities and work commitments, Minefinders (VSE) has agreed to sell some of its Quebec properties to Malartic Hygrade Gold Mines (Canada) (VSE). Malartic Hygrade, Minefinde…
Star drilling a disappointment
The first phase of drilling on the Star property in southeastern British Columbia has been completed. Barkhor Resources (VSE) is earning a 50% interest in the property from Kokanee Resources (VSE) in …
Dome mine plan for Timmins
A new long-term mining plan has been completed by Placer Dome (TSE) for the company’s high-cost Dome gold mine at Timmins, Ont., where 587 unionized Steelworkers have been on strike since May 7. The p…
Drilling on Bema’s Chile bet drive issue up to $4.40 high
Shares of Bema Gold (TSE) reached a new high recently after results from the company’s optioned Refugio gold property in Chile showed that reserves in the Verde deposit may be considerably larger than…
Hecla seizes majority position in Acadia
Through a recent share transaction, U.S.-based Hecla Mining (NYSE) has gained a majority interest in Acadia Mineral Ventures (TSE). Hecla now holds 52.5% of Acadia’s common stock and its chairman, Art…
Glimmer drill program ends on a high note
Drilling on Glimmer Resources’ (VSE) Beatty-Hislop property near Matheson, Ont., Noranda (TSE) has discovered another mineralized zone, almost 300 ft. east of any previously known mineralization. Two …
Gulf crisis brings volatility back to gold prices
The gold price is proving to be extremely volatile as investors react quickly to political manoeuvering in the Middle East. In recent days, gold soared to US$415.50 as the likelihood of armed conflict…
Vior gets another good intersection
A single high-grade drill intersection of 30.7 ft. grading 0.69 oz. gold per ton has been reported by Inco (TSE) and its two partners from the Douay joint venture, eight miles northeast of Joutel, Que…
Toronto Stock Exchange Indices (August 20, 1990)
Aug. 14 Aug. 13 Aug. 10 Aug. 9 Aug. 8 HIGH LOW Composite “300” 3497.52 3478.50 3476.61 3476.91 3476.04 4009.47 3334.13 Metals & Minerals3180.75 3177.39 3197.77 3232.36 3226.85 3453.06 2850.84 Integrat…