War Eagle deja vu
A total of 13 drill holes were completed by Nerco Delamar, a wholly owned subsidiary of Nerco Inc. (NYSE), on the War Eagle Mountain gold-silver project in Idaho. The drilling is part of a joint ventu…
News
Newhawk drifting returns high grades
Assay results from the first 130 ft of drifting on the R-8 structure at Newhawk Gold Mines’ (TSE) 60% owned Sulphurets project averaged 1.51 oz gold (uncut) and 17.16 oz silver across a true width of …
Audrey tonnage on Mobrun 1100 lens increases by 75%
Probable ore reserves in the 1100 lens at the Mobrun polymetallic mine in Quebec have nearly doubled, says operator Audrey Resources (TSE). The mine, which produces copper, zinc, gold and silver from …
Lower metal prices cut FMC earnings
Sharply lower gold and silver prices have contributed the recent decline in profits reported by Chicago-based FMC Gold (NYSE). FMC Gold, which last year ranked first in North America in terms of retur…
Denison oil sale
Denison Mines (TSE) has either sold or is negotiating the sale of all its oil and gas assets. The company has entered into agreements with three unidentified buyers for the sale of its oil and gas ass…
Editorial Teaching teachers From Triangle, a publication of Inco’s
It may be a slow process, but mining companies are beginning to show results in changing attitudes about the industry. At least that’s the thinking of almost 40 school teachers who took part in an a…
People (November 20, 1989)
ACQUISITOR MINES — Steven Migliacci, a geologist of Val d’or, Que., appointed president succeeding Martin Roy who remains a director. Andre Berube resigned as director.
Gold funds as of Nov 14
MVP BGR Central Capital Net value $12.23 $6.09 $0.52 Price $11.25 $5.88 $0.33 Discount 8.01% 3.5% 36.5% Value $72,820,398 $102,565,042 N…
Gold or base metal shares, which offer better value?
Receiving value for their money is the aim of all investors. But where best to place one’s money need not always be a tricky question, as an officer with international securities firm James Capel rece…
Montreal Exchange Aur holds centre stage
The recent massive sulphide copper-zinc discovery in Louvicourt Twp. near Val d’Or, Que., continues to spark investor interest. The latest drill-hole results, however, did not send prices of either Au…
Alban acquires large acreage in Carlin
Two groups of mineral properties totalling about 500 acres were recently acquired by Alban Explorations (VSE) in the Carlin Trend of Nevada. The purchase price was a total of 300,000 Alban shares and …
Placer ups stake in U.S. Gold
A wholly owned subsidiary of Placer Dome (TSE) has opted for early conversion on a $4.5-million debenture of U.S. Gold (NASDAQ). The debenture, convertible into three million common shares, was due to…