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 …
News
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 …
Junior Golden Crescent strikes survival’ deal with Placer Dome
Market conditions the past year or so have been tough on junior- mining companies. Some have continued to struggle on their own while others have teamed up with seniors to try to ensure their survival…
Gold funds as of August 29
MPV BGR Central Capital Net value $11.66 $ 5.87 $0.57 Price $ 9.75 $ 5.88 $0.34 Discount 16.38% 0.1% 40.3% Value $69,422,250 $98,795,506 N/A…
Gold Standard sues Barrick for breach of fiduciary duty
An attempt by Utah-based Gold Standard Inc. to win full ownership rights to the Mercur gold mine from American Barrick Resources (TSE) has taken what may be a significant new turn. Against the objecti…
Goldteck says drilling extends Nevada deposit
Encouraging drilling results from the Belleview gold property in Nevada have been reported by Goldteck Mines (TSE). The company says the results indicate the deposit extends a considerable distance to…
Palomar exploring Doyon mineral lands
With control of over 17 million acres of land covering a portion of Alaska roughly the size of France, Doyon Limited, an Alaskan native regional corporation, is unquestionably the largest single holde…
Magma, Canyon teaming up to buy Addwest gold mine
Having secured its independence from Newmont Mining Co. (NYSE), Arizona-based Magma Copper Co. (NASDAQ) is looking around for investment opportunities to reduce its exposure to future weaknesses in th…