Thorco to purchase Scottish gold bets
Toronto-based Thorco Resources (TSE) has signed a preliminary agreement to acquire a controlling stake in over one million acres of Scottish gold and silver mining licences. Under the proposed agreeme…
News
FINANCING (July 17, 1989)
Galico Res — gross proceeds rec $236,250. Goldhill Res — gross proceeds rec $392,000. Pars Res — gross proceeds rec $230,000. Arnica Res — gross proceeds rec $280,000. Brockton Res — gross procee…
Chesbar gets land in Lac St. Jean
Chesbar Resources (TSE) has entered the Lac St. Jean base metals play in Quebec. The company has a deal with a private company giving it the right to buy a 100% interest in 377 claims in the area. The…
Orofino may limit Canuc program if results poor
Toronto-based Orofino Resources (TSE) has informed Canuc Resources (TSE) that it is embarking on a limited summer exploration at Canuc’s Coronation Gulf gold project in the Northwest Territories. By s…
Nerco buys interest in Black Swan Gold
Nerco Inc. (NYSE) has completed the purchase of a 19% interest in Black Swan Gold Mines (VSE). The private placement, which was done through a subsidiary, Nerco Minerals Canada, involved the purchase …
Dispute has Louvem unsure about effect of Aur discovery
An attempt by Societe Miniere Louvem (TSE) to obtain an out-of-court settlement with Aur Resources (TSE) over a disputed massive sulphide discovery east of Val d’Or, Que., was discussed at the recent …
Hayes awaits court approval for share distrubtion plan
Hayes Resources (TSE) could emerge soon with a new name and a clean balance sheet if the company gains court approval for a proposed capital reduction plan and a special plan of arrangement. Under the…
Reno hosts Gold ’89
The World Gold ’89 conference will be held in Reno, Nev., Nov 5-8, 1989. The theme will be breakthrough processes in exploration and gold metallurgy. Topics of discussions will include gold mine plann…
Battle for Atlanta still not over
The battle for control of Atlanta Gold Corp. (TSE) took another turn as U.S. Gold Corp. (NASDAQ) challenged the validity of certain proxies voted in favor of management at Atlanta’s recent annual meet…
Mobrun results make Audrey ripe for Northgate takeover
Toronto-based Northgate Exploration (TSE) has been so impressed with an exploration and development program at Audrey Resources’ (TSE) Mobrun mine near Rouyn-Noranda, Que., that it wants to increase i…
Centurion/Western States joint venturing new mine
Adding to its board of directors appears to have been an astute move for Centurion Gold (NASDAQ). After years of indecision the company has finally moved to exploit the potential of its long dormant Z…
Metal Prices FUTURES PRICES (July 10, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul103.70 100.80 101.00 — 4.80 Sep101.80 99.80 100.45 — 3.45 Dec100.50 98.65 …