Perrex, Teck agreement
An exploration agreement has been concluded by Teck (TSE) with Perrex Resources (ASE) and Gwen Resources (ASE), covering the latter companies’ gold property in northwestern Quebec. Teck can earn a 60%…
1990
U.S.REPORT Equinox cuts deals in Nevada
Two earn-in agreements signed by Equinox Resources (TSE) could see up to US$1.5 million in exploration funds spent on the company’s Nevada properties. The first joint venture grants Amax Gold (NYSE) t…
Metal Prices FREE MARKET London Metal Exchange (June 11, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 5 June 4 June 1 May 31 May 30 Copper 1563-1565 1603-1605 1558-1560 1578-1580 1562-1564 Lead 488-490 4…
People DUNFRAZIER GOLD EXPL.
Ivan Christopher appointed president succeeding Walter Cummings.
Biron drilling at Summit gold project
Biron Bay Resources (ASE) says exploration diamond drilling has resumed at its Summit gold project in the Steeple Rock mining district of New Mexico. The target of Biron’s current work is the Norman K…
Insider Trading Toffan benefitting from Eskay activity
John Toffan, chairman of Prime’s partner Stikine Resources (TSE), may wind up better off financially though he may never be as recognized for his role in the Eskay Creek gold discovery as Prime Resour…
Denison not selling coal, potash assets
Denison Mines’ (TSE) chief executive Helen Roman-Barber said the company “has not put its interests in Quintette Coal or Denison-Potacan Potash up for sale,” in response to media reports circulated la…
U.S.REPORT Uranium stock split
Dallas-based Uranium Resources (TSE) says it will seek regulatory and shareholder approval for a reverse stock split on a 4-for-1 basis. The company, using low-cost in-situ solution mining techniques,…
People MARSTON & MARSTON
Terry Kremmel appointed project manager; Scott Herr appointed project manager; Don Ewart Jr. appointed senior mining engineer; Michael Fabio appointed project engineer; Dwight Kinnes appointed senior …
Funding of bet to be eased by Westlake, Minera merger
Westlake Industries (VSE) and 23% owned Minera Rayrock (TSE) are hoping to facilitate the development of a jointly held Costa Rican gold project by merging their respective assets into a single compan…
FINANCING (June 11, 1990)
ONTARIO Tri Link Res — 1,800,000 Cl A com offered @ $4.20 per sh to net $7,106,400. VANCOUVER Rinsey Mines — 650,000 offered @ 45 cents per sh. Royce Ind — 700,000 sold for gross $245,000. Woodridg…
Belmoral sees some hope at Val d’Or
Belmoral Mines (TSE) will put all of its cash flow into the Val d’Or gold operations, Gordon Strasser, the new chief executive officer of Belmoral, told shareholders at the company’s annual meeting. “…