Battle Mountain share offering
The pricing of a 5-million-share public offering has been reported by Battle Mountain Gold Company (TSE). The price was fixed at US$16 per share. Proceeds from the sale will be used for general corpor…
News
Rayrock earnings cut in half
Rayrock Yellowknife Resources (TSE) reported net earnings of $3.2 million (32 cents per share) for 1989, compared with $6.6 million (68 cents per share) in 1988. Operating funds increased to $9.3 mill…
Noranda, Glimmer cut parallel gold zones
Four recent holes in an 18-hole drill program currently under way on the 60/40 joint venture of Noranda (TSE) and Glimmer Resources (VSE) near Matheson Ont., have cut a series of parallel gold zones o…
Bachelor Lake agrees to sell 60% of mine, mill to Hecla Mining
Toronto-based Bachelor Lake Gold Mines (TSE) has agreed to sell a 60% stake in its Desmaraisville, Que., gold mine and mill to Hecla Mining Co. of Canada. While the deal is subject to due diligence an…
Vancouver Stock Exchange New results boost Eskay Creek players
Despite a pull-back in gold from the US$405-level to below US$400 per oz., the Vancouver Stock Exchange managed to gain about six points to the 738-level. The bullion market appears to be mirroring in…
Bond completes 11 holes on Magpy bet
The best assay result from an 11-hole drill program completed recently by Bond International Gold (TSE) on Registry Resources’ (COATS) Magpy property near Pickle Lake, Ont., was 0.32 oz. gold per ton …
PRODUCER PRICES ALUMINUM: MW U.S. Market US68.50- 70.50 cents per
ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADMIUM: New York dealer US$4.60-4.80 per lb. (Feb. 22, 1990). COBALT: U….
Seabright stakes new claims while Touquoy hopes fade
The Cape Breton Highlands is the site of a staking and optioning rush by Toronto’s Seabright Explorations (TSE). Seabright has staked claims in both the Antigonish and Cobequid Highlands, N.S., and ha…
Metal Prices (March 19, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 13 Mar. 12 Mar. 9 Mar. 8 Mar. 7 Copper 1618-1620 1612-1614 1640-164…
Ego drill results
A recent hole drilled to test the easterly plunge of a small zinc deposit on Ego Resources’ (TSE) property near Great Slave Lake, N.W.T., has yielded 56 ft. grading 9.3% zinc, 0.22% copper and 1.28% l…
Oneida looking to increase reserves
Recent drilling on the Mexican Hat property by a unit of Placer Dome (TSE) encourages owner Oneida Resources (VSE) to predict reserves on the Arizona gold property will increase. Placer Dome is fundin…
Letters to the Editor O’Neil answers two challenges to Bill 71
In last week’s issue you printed a prominent paid advertisement criticising several aspects of Bill 71, the amendments to Ontario’s Mining Act. The nature of the criticism seems to ignore the close wo…