Spot prices at a glance (May 21, 1990)
Week’s Price (US) Change Gold* $369.60 — $0.10 Silver* $5.02 + $0.02 Platinum* $486.60 + $10.35 Nickel** $3.86 — $0.18 Lead** $0.38 + $0.01 Copper- $1.21 — $0.10 Zinc– $0.79 — $0.05 Courtesy of S…
News
Eastern placement raises financing
Shareholders at the company’s annual meeting approved a $250,000 private placement involving 500,000 units at 50 cents per unit, Eastern Goldfields (COATS) says. The units are composed of shares and h…
FINANCING (May 21, 1990)
Cons Balsam — 1,400,000 offered @ 16 cents per sh. Gigi — 1,000,000 offered @ 79 cents per unit. High Frontier — opt exerc on 275,000 @ 55 cents per sh. Tatlar Res — 1,000,000 shs sold for gross $…
Morrissette picks up three association safety awards
N. Morissette Canada scooped up three awards at a special safety luncheon held in Vancouver at the 47th annual meeting and convention of the Canadian Diamond Drilling Association. Dale Fowler, preside…
Montreal Stock Exchange Moss Lake drilling
Recent drilling at the Moss Lake gold project in northwestern Ontario has project partners Tandem Resources and ASE-listed Storimin Exploration excited. A preliminary reserve estimate comprising about…
Seabright plans eastern exploration program
The board of directors of Seabright Explorations (TSE) has approved a program to continue grassroots exploration and evaluation of its existing properties in the Highland area of Nova Scotia. Special …
PEOPLE YUMA GOLD MINES
Gordon Gutrath appointed a director succeeding J.L. Klingmann who resigned.
TRAPPER RESOURCES
Gerry Curtis appointed president and chief executive officer and director succeeding Hugh Cameron who has resigned but continues as a director; Neil Paget appointed chairman of the board.
INSIDE Graphite’s role in making drill bits
Without graphite, used in drill-bit molds, the diamond drill bit industry may not have been able not have been able to reach its present state of development. Page B2…
Corrections (May 21, 1990)
Contrary to what was reported (T.N.M., April 16/90), the Caribou lead-zinc mine in New Brunswick, which Breakwater Resources (TSE) has agreed to acquire, contains proven reserves of 1.9 million tonnes…
Noramco options B.C. copper-gold bets
Two Noramco group companies recently entered into agreements allowing Noramco Mining (TSE) to earn interests in two separate copper-gold projects near Nelson, B.C. Golden Lake Resources (VSE), which h…
INSIDE Small drills offer flexibility in setup
Since 1983, Hydracore Drills has been developing a new drill suitable for drilling on difficult surface setups that would allow easy movement and repositioning. The result is two drills that are compa…