Sutton earns interest in African nickel bet
Vancouver-based Sutton Resources (VSE), through an agreement with Romanex International, has acquired the right to earn a controlling interest in a large nickel deposit in western Tanzania. By spendin…
1990
Vancouver Stock Exchange Vancouver Stock Exchange sinks to new lows
In a word; sick, or in two; very sick. The Vancouver stock market is suffering from a case of the jitters and it if had a head coach that person would very likely be looking for another job. The Vanco…
COATS (over-the-counter) Pelangio finds more gold
Five new gold showings on the North Spirit Lake property, 100 miles north of Red Lake, Ont., have increased the extent of gold occurrences on the property to at least 650×5,000 ft. Pelangio-Larder Min…
U.S. REPORT USMX discovery at Alligator Ridge
Denver-based USMX Inc. (NASDAQ) is reporting the discovery of potentially significant gold mineralization at five targets of the recently acquired land package in the Alligator Ridge Trend of eastern …
LETTER TO THE EDITOR: Brokers, banks shouldn’t have final say
Normally I would relish participating in the important debate your editorial invites (Taxpayers shouldn’t be “bank of last resort,” N.M., Sept. 3/90). But the Deak project has been 18 months of exhaus…
Onitap fights back
Onitap Resources (TSE) has hired legal counsel to defend itself against Exploration Orex (TSE), which is claiming damages for breach of trust, breach of fiduciary duty and injurious falsehoods at the …
Toronto Stock Exchange Indices (September 17, 1990)
Sept. 11 Sept. 10 Sept. 7 Sept.6 Sept. 5 HIGH LOW Composite “300” 3272.24 3287.65 3287.02 3312.80 3333.19 4009.47 3272.24 Metals & Minerals3005.41 2984.24 2976.62 2987.08 3032.76 3453.06 2850.84 Integ…
Gammon to head Mines Division
John Gammon has been appointed to the post of assistant deputy minister at the mines and minerals division of Ontario’s Ministry of Northern Development and Mines. The recent appointment was announced…
PEOPLE HORSHAM CORP.
Howard Beck, David Gilmour, Robert Helman, Duke Ligon and James Tory elected to the board of directors. Camuel Zell resigned from the board.
Belmoral loss triples in first half of 1990
Despite a 15% increase in gold production and a corresponding jump in revenue, Belmoral Mines (TSE) reported a net loss of $17.1 million (37 cents per share) for the first six months of 1990. The loss…
Rock and Roll
If channel sampling on the Rock and Roll project are representative of overall grades, partners Eurus Resource (VSE) and Thios Resources (VSE) could be on to a good thing. Thirty-one channel samples w…
Pelangio, Quote find new gold showings
Grassroots exploration has uncovered five new gold showings on Pelangio-Larder Mines’ (COATS) North Spirit Lake property, 100 miles north of Red Lake, Ont. Including the new discoveries, gold occurren…