Pelham sells stake
Pelham Gold “N” Grain (ASE) has sold its interests in the Wonder property in Nevada. Spinnaker Resources, a private company, has acquired Pelham’s contract giving it the right to earn an interest in t…
1989
Golden Dragon stakes Lac St. Jean claims
Recently staking 165 claims in the Lac St. Jean area of Quebec was Golden Dragon Resources (VSE) and its joint venture partners Glen Auden Resources (TSE) and Tarzan Gold (ASE). The claims cover a nor…
Cominco finds success in Chile
Since its formation two years ago, Cominco Resources International (TSE) has met with considerable success in the Andes mountains of Chile. The globetrotting company is now poised to see gold producti…
COATS (Over-the-counter) Brewbac active
A busy trader among junior mining issues this week was Brewbac Resources whose main asset is a 24-claim property in Bourlamaque Twp., east of Val d’Or, Que. In adjacent Louvicourt Twp., Aur Resources …
News in Brief (July 31, 1989)
TAB Ventures Corp. has changed its name to Nu-Sky Exploration Inc. (NSY:VSE) on a share-for-share basis. Transfer agent is Montreal Trust Company of Canada.
Alberta Stock Exchange Louisiana moves up
As the North American exploration season approaches its peak, there was plenty of action to consider on the Alberta Exchange this week. Louisiana Mining, which has been active lately, gained 43 cents …
Montreal Exchange Orex, Louvem dominate
This week’s trading was dominated by two separate events: the continuing excitement over the Aur-Louvem base metal find near Val d’Or, Que., and the rich assay results released by Explorations Orex. T…
New company to market chromium-nickel alloy
A joint venture has been set up to develop and market corrosion resistant chromium-nickel alloys worldwide. The venture, to be called International Corrosion Protection Company (ICPC), was formed by I…
Manitoba Minerals busy on 51 bets
After spending a record $4 million on exploration last year, Manitoba Mineral Resources (MMR) hopes soon to reach a decision regarding development of the Farley Lake gold deposit near Lynn Lake, Man. …
Minnova to increase stake in Audrey’s Mobrun to 50%
After waiting quietly on the sidelines for partner Audrey Resources (TSE) to size up the potential of the Mobrun polymetallic mine near Rouyn-Noranda, Que., Minnova Inc. (TSE) is stepping in to buy a …
Metal Prices (July 24, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 18 July 17 July 14 July 13 July 12 Copper 1552-…
Golden Bear project gets $31 million boost
Despite a somewhat rocky and tenuous start on the road to production, it appears that construction of the Golden Bear mine project in northern British Columbia is firmly on track for planned completio…