New group bidding on Asamera Minerals
As was widely rumored, a group of senior operating and management personnel at Asamera Minerals (TSE) are interested in taking over the company. They have formed The New Asmin Group which has announce…
News
Kerr, Beaufield project
A diamond drilling program is under way on the Urban and Barry twps, Que., property held by Kerr Addison Mines (TSE) Minnova Inc. (TSE) and Beaufield Resources (TSE). Beaufield has the right to earn a…
Crown/Gold Texas shareholders approve merger
At meetings held in Vancouver and in Denver, Colo., shareholders of associated companies Gold Texas Resources (VSE), Crown Resource Corp. (NASDAQ) and Gold Capital Corp. voted in favor of a reorganiza…
South American Goldfields busy on Guyana gold bets
At the annual meeting, held recently in Toronto, shareholders got a first-hand look at some of South American Goldfields’ (COATS) ambitious gold projects under way in the jungles of Guyana. President …
HudBay hammering out loan to modernize Flin Flon project
Hudson Bay Mining & Smelting (TSE) Canada’s third-largest copper and fourth- largest zinc producer, had expected to net $86 million in loans from the federal and provincial governments to modernize it…
B.Y.G. plans open pit production for Yukon mine
Production at 300 tons per day has been recommended for the Brown McDade gold-silver mine project located 60 km west of Carmacks in southern Yukon, a joint venture involving B.Y.G. Natural Resources (…
INSIDER TRADES (February 20, 1989)
Atlantis — L. Payne sold 300,000 (Jan) @ 80 cents to hold 1,726,245. Barron Hunter Hargrave — J. Hargrave sold 50,000 (Jan) @ 3 1/2 cents to hold 3,040,200. S. Hargrave sold 98,000 (Dec) @ 3 cents …
Transgold, Cline program
A $100,000-exploration program has been recommended for the 17-claim Cline East property held by partners Cline Development Corp. (VSE) and Transgold Resources (COATS). Located near Lochalsh, Ont., th…
Metal Prices (February 20, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 14 Feb 13 Feb 10 Feb 9 Feb 8 Copper 1645-164…
Tundra drilling (February 20, 1989)
Tundra Gold Mines (VSE) is operating two drill rigs on its 2,400-acre McKenzie Break property in Quebec. Drilling has returned encouraging results from two mineralized zones. Results include 1.3 ft gr…
LAC nets record gold production
Record gold production of 319,407 oz enabled LAC Minerals (TSE) to earn $45.9 million or 50 cents per share in 1988. This compares to earnings of $41.9 million or 48 cents per share realized in 1987…
News in Brief (February 20, 1989)
Delaware Resources has changed its name to Prime Resources Corp. (PMR:VSE) on a share-for-share basis.