Iskut J.V. drilling north of Snip
The initial phase of drilling on the Iskut Joint Venture Project has been completed. The project is an equal joint venture between Prime Resources Group (VSE), American Ore (VSE) and Golden Band Resou…
News
FUTURES PRICES (August 13, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 130.00 127.50 127.50 + 2.20 Sept 130.30 127.20 127.30 + 2.70 Oct 127.70 125.50 125.45 + 2.85 SILVER (in US ce…
Insider Trading Insiders miss out on Redfern highs
Helped by exploration results at the Tulsequah Chief polymetallic joint venture with Cominco (TSE), shares of Redfern Resources (TSE) recently touched new highs. The issue climbed to $6 after Redfern …
American Barrick/purple vein
Bullish predictions on the potential size of a high-grade gold deposit on American Barrick Resources’ (TSE) North claim block near Carlin Nev., recently returned to haunt a company that holds a royalt…
Kerr Addison boosts profits for first half
Strong production performance and contributions from Minnova’s (TSE) new Ansil and Samatosum mines boosted Kerr Addison Mines’ (TSE) net income for the first half of 1990. The company reported earning…
Results from Ski disappoint investors
Assay results were released by Adrian Resources (VSE) for the first two holes drilled on the Ski project north of Stewart, B.C., and adjacent to the Eskay Creek project, owned by Prime Resources Group…
PEOPLE CITY RESOURCES
David Paice appointed chairman, president and chief executive officer replacing Michael Berthelsen who resigned. Andrew Robertson and Peter Rook- Green appointed directors replacing Reno Calabrigo and…
PEOPLE CHENI GOLD MINES (August 13, 1990)
Edmond Lemieuk appointed vice-chairman and chief executive officer succeeding Malcolm Taschereau who resigned.
PEOPLE COMMODITY EXCHANGE, INC. (COMEX)
David Halperin appointed president of the exchange.
Noranda baffled by vanishing Karpa Spring gold find
What had at first appeared to be a significant new gold discovery in the Karpa Spring region of Western Australia has turned out to be a disappointment for joint venture partners Noranda (TSE) and Per…
Cheni earnings (August 13, 1990)
Net earnings for Cheni Gold Mines (TSE) for the six months ended June 30 totalled $2.5 million or $22 cents per share. The results compare with net earnings for the four months ended June 30, 1989, of…
NEWS IN BRIEF Paget Resources Ltd.
Paget Resources Ltd. (PAG: VSE) has changed its name to Peltech Industries Inc. with no consolidation of capital. Transfer agent is Pacific Corporate Services.006…