1989


Ansil copper mine up and running

Celebrating the 25th year of its Lac Dufault division, Minnova Inc. (TSE) has officially opened its Ansil copper mine near here. The relatively rich massive sulphide copper deposit, which also hosts z…


First Toronto selling Forsayth interest

In a bid to improve the lot of shareholders of First Toronto Mining (TSE), the company has opted for an asset sale which will lead to either a distribution of capital or a special dividend. First Toro…


Peat Resources preparing sample

A bulk sample of peat fuel is being prepared for handling and burning tests by Ontario Hydro at the end of August, Peat Resources (COATS) reports. The company says peat from northern Ontario is curren…


Marshall, Eden Roc deal

Marshall Minerals (ASE) has completed the second stage of a private placement with Alberta- listed Eden Roc Mineral Corp. The deal gives Marshall 6.5 million Eden Roc shares representing 50% of the co…


Goldhunter options Cons. Milner claims

Toronto-based Goldhunter Explorations (ASE) recently acquired an option to earn a 60% working interest in 40 unpatented mining claims near Pickle Lake, Ont. Held by Milner Consolidated Silver Mines (A…


Force de-lists from VSE

Force Resources (COATS) has been de-listed from the Vancouver Stock Exchange after continued testing of samples from its Moapa Valley project in Nevada by independent laboratories failed to yield assa…


Metal Prices PRODUCER PRICES (July 17, 1989)

ALUMINUM: MW U.S. Market US83.50 cents – 85.50 cents per lb. (July 6, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $5.75-$5.85(US) per lb. (Ju…




Thorco to purchase Scottish gold bets

Toronto-based Thorco Resources (TSE) has signed a preliminary agreement to acquire a controlling stake in over one million acres of Scottish gold and silver mining licences. Under the proposed agreeme…


FINANCING (July 17, 1989)

Galico Res — gross proceeds rec $236,250. Goldhill Res — gross proceeds rec $392,000. Pars Res — gross proceeds rec $230,000. Arnica Res — gross proceeds rec $280,000. Brockton Res — gross procee…


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