Gold Torch acquires stake in Goldstream
Gold Torch Resources (VSE) has acquired a one-third interest in the Goldstream copper-zinc mine and mill complex located near Revelstoke, B.C. To acquire its interest Gold Torch paid $5 million to Bet…
News
Rigorous scrutiny ahead for Shoal Lake gold project
Following months of intense political lobbying by concerned citizens groups, Consolidated Professor Mines’ (TSE) Duport gold project at Shoal Lake Ont., has been designated under the Environmental Ass…
Deep drilling to start at Redstone nickel mine (September 04, 1989)
Operators of one of Canada’s smallest nickel mines, 23 km southwest of here, are very optimistic about becoming bigger. They are predicting they should know by November whether or not they have the mi…
South American Gold has Akaiwong results
Toronto-based South American Goldfields (TSE) has released initial deep auger drill results from its Akaiwong property under option to Homestake Exploration in Guyana. The Akaiwong property comprises …
Metal prices rebound after lengthy slide
Sliding metal and mineral prices in July helped bring the all-commodity index of Scotiabank down by 0.3% from the previous month. Oil prices were also lower that month, offsetting gains in forest prod…
Editorial Playing the game
It’s easy for investors to obtain a rate of return that will match the TSE 300, or so we’re told. Diversify, diversify, diversify. But when it comes to winning a game, that’s another story. Those …
McNickel drilling confirms surface find
First results from drilling on McNickel Inc.’s (COATS) copper- nickel deposit in Quebec include 18 ft in hole No 5 averaging 0.73% nickel and 0.25% copper. That section came within a broader interval …
First Toronto tables offer for Australian gold company
Deep drilling results from Forsayth NL’s Mt. Gibson gold property in western Australia have persuaded First Toronto Mining Corp. (TSE) to buy the company rather than sell the 30% stake it already hold…
Drilling under way at Savanna/Aur bet
An agreement allowing Aur Resources (TSE) to earn a 51% undivided stake in Savanna Resources’ (ASE) Turner Albright polymetallic property in southern Oregon was closed recently. Under the agreement, A…
Metal Prices (September 04, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 29 Aug 28 Aug 25 Aug 24 Aug 23 Copper 1980-1…
Chutine arranges private placement
Toronto-based Chutine Resources (VSE) has made a $150,000 private share placement agreement with Waverley Mining Finance PLC of Great Britain. The proceeds of the private placement will be used for ge…
Toronto Stock Exchange Indices (September 04, 1989)
1989 Aug 29 Aug 28 Aug 25 Aug 24 Aug 23 HIGH LOW Composite “300” 3991.35 3968.11 3974.68 3979.46 3942.05 4019.62 3353.13 Metals & Minerals 3885.34 3811.88 3812.68 …