Avondale gets high grades in Iskut area
A 24.3-ft. intercept grading 1.19 oz. gold, 1.39 oz. silver and 0.87% zinc was returned from recent underground drilling at the Inel property in the Iskut River camp of northwestern British Columbia. …
1990
COATS (over-the-counter) Costigan doubles
Investors doubled the share price of Costigan Gold as the junior completed an option agreement on a polymetallic property 200 km southwest of Bathurst, N.B. Costigan can earn up to 40% in the soon-to-…
Portfield changes name to Canmine
Portfield Industries (COATS) has changed its name to Canmine Resources (COATS) and expects to be trading under its new name and share structure immediately. Canmine has a portfolio of 10 precious and …
Curragh set to build Westray coal project
Curragh Resources (TSE) is set to start construction and development of the Westray coal project in Pictou County, N.S. The company says it has arranged financing through a $100-million loan from the …
Metal Prices FREE MARKET (October 08, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 2 October 1 September 28 September 27 September 26 Copper 1502-1504 1474-147…
Lytton to buy more Tagish shares
The Toronto and Vancouver Stock exchanges have accepted the filing of an agreement that will allow Lytton Minerals (TSE) to increase its holding in Tagish Resources to one-half the outstanding shares …
OBITUARY Charles Penney
Charles Penney, noted member of the Canadian mining industry, died recently at home in Tsawwassen, B.C. He was 76. Penney, a graduate from Queen’s University, came from Carbonear, Nfld. Among the proj…
Assays awaited from Tulsequah
The most recent hole completed on the Tulsequah Chief massive sulphide project in northwestern British Columbia is reported to have intersected 20 ft. of mineralization within a wide stratigraphic int…
Correction (October 08, 1990)
LAC Minerals (TSE) purchased its 65% interest in Bond International Gold (TSE) for US$379 million. An incorrect figure was previously reported (T.N.M., Oct.1/90).
IOCC GOLD OPTIONS (October 08, 1990)
Options Open Series Volume Last Interest Nov. 400 C 324 11.00 2,113 Nov. 410 C 145 7.30 2,728 Nov. 420 C 366 5.50 3,123 Nov. 440 C 458 3.80 4,362 Nov. 460 C 449 1.50 2,457 Feb. 390 C 232 25.00 859 Feb…
Toronto Stock Exchange Middle East, global exonomy drive shares
In a week when Murray Pezim and Ned Goodman were promising either to quit or distance themselves from the mining scene, share prices continued to take a hammering. Rio Algom and Galactic Resources wer…
NEWS IN BRIEF Kel d’or Resources
Keld’or Resources Inc. (KED: VSE) has changed its name to Consolidated Keld’or Resources Inc. (CKD:VSE) on a 1-new-for-3-old- share basis. Transfer agent is Montreal Trust.