Total Energold Plexus deal on
The on-again, off-again, private placement between Total Energold (TSE) and Plexus Resources (TSE) is back on track. The deal, identical to the one cancelled in early April, will see Total buying a pr…
News
After completing an 18-hole drill program on the claims, the
In the Eastmain area of Quebec, Kingswood recently staked 280 claims in addition to the 125 claims it already holds in the vicinity of a copper-zinc-silver showing. Several senior companies have also …
Tensions heighten at Rio over closure of 2 mines
Indications that Rio Algom (TSE) may close its Quirke and Panel uranium mines earlier than expected has heightened tensions between the company and employees at its Elliot Lake, Ont., division. While …
Hecla shareholders set to vote on buying Bachelor Lake option
Arthur Brown, chairman, president and chief executive officer of New York-listed Hecla Mining has been elected to the board of directors of Acadia Mineral Ventures (TSE). The move clears the way for a…
Flag assay results
The latest assays from Flag Resources’ (ASE) Wolf Lake copper-gold prospect in MacKelcan Twp., northeast of Sudbury, Ont., have yielded mixed gold results in eight of 11 holes. A couple of high-grade …
Platinum trophy
Some compete for gold and silver, and others for platinum. The best soccer player in the World Cup tournament taking place in Italy this year, as judged by readers of an Italian television magazine, w…
FUTURES PRICES (May 14, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 120.50 118.20 120.40 — 1.70 June 116.50 115.90 116.40 — 0.90 July 112.40 110.10 112.15 — 0.85 SILVER (in U…
Toronto Stock Exchange Rally continues, but it won’t last says
The stock market rally that began this week with the biggest single day gain so far this year showed no signs of ending today, May 9. Fuelled by volume increases in all but one of the sub-groups inclu…
Placer withdraws from Guyana project
Gold producer Placer Dome (TSE) has withdrawn from the Omai gold project in Guyana, South America, Golden Star Resources (TSE) reports. Golden Star says it has retained Wright Engineers of Vancouver t…
Two new mines boost profit for Minnova in first quarter
Production contributions from the new Ansil and Samatosum mines in the first quarter of 1990 resulted in higher earnings for base metal and gold miner Minnova (TSE). Net income for the quarter increas…
Strike charged
Strike Minerals (COATS) has been charged in connection with three offences under the public lands amendment act. According to Strike, the company was charged with “placing a structure on public lands …
News In Brief (May 14, 1990)
Brenwest Mining has changed its name to Ridgeway Petroleum Corp. (RGW:VSE) on a 1-new-for- 3-old share basis. Transfer agent is Montreal Trust Co.