INSIDER TRADES (September 11, 1989)
Black Cliff — M. Au sold 189,000 (Aug., private) @ 20 cents to hold 87,500. Brewbac — N. Brewster sold 23,621 (July) @ 10 cents to hold 38,592. Cane — Jonpol bought 40,000 (July) @ 9 cents -10…
News
Louvem seeking $83 million in damages from partner Aur
Just as they were preparing to go home for the recent Labor Day long weekend, employees at Aur Resources’ (TSE) Val d’Or, Que. exploration office found themse lves facing a law suit from Societe Minie…
People (September 11, 1989)
HALLEY RESOURCES — Roy R. Brown appointed chairman of the board; John F. McIntyre appointed president. ATLAS CORP. — Raymond S. Troubh elected to the board of directors. SOUTHLANDS MINING CORP. — D…
Ontario’s mineral potential studied
According to a recently-released study, on average, $37 million and six years of activity are required to find and delineate an economic deposit in Ontario. The report, prepared by the Centre for Reso…
Selbaie zinc-copper
A 35% interest in the Selbaie zinc-copper mine in Quebec has been purchased by Billiton Metals Canada for an undisclosed sum. The interest was sold by Esso Re sources Canada as part of an effort to …
Structural changes
“Rationalizing” was a well-used term in the mid-1980s when mining companies were losing money by the skip-load and drastic measures were needed to stay in b usiness. Rationalizing was the response to …
Pegasus options Comet gold mine
U.S. gold producer Pegasus Gold Corp. (TSE) has secured an option from High River Gold Mines (VSE) to acquire that company’s interest in the Comet mine proper ty in Jefferson Cty., Mont. The project …
Metal Prices FREE MARKET (September 11, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept 5 Sept 4 Sept 1 Aug 31 Aug 30 Copper 1915-1917 …
Penzim’s Gulf International in Iskut
With Murray Pezim on board as a director, Gulf International Minerals (VSE) is planning a second-phase work program for its 100%-own ed McClymont Creek property in the Iskut River area of British Colu…
Dumagami shareholder vows to fight Agnico share swap
Third-quarter results released recently by Dumagami Mines (TSE) have convinced a Montreal-based shareholder of Dumagami that the terms of a proposed merger wi th Agnico-Eagle Mines (TSE) do not repr…
High frontier busy with Arizona play
High Frontier Resources (VSE) is planning an exploration program on the Uno gold property in Mohave Cty, Arizona. The company is planning a 5,000-f t reverse c irculation drill program which will test…
Pezim group corrects
The VSE enjoyed yet another lively week of trading activity, thanks to the momentum generated by Murray Pezim’s Calpine Resources and spectacular assay result s from the Eskay Creek gold project in n…