Val d’Or option deal
An option to earn a 50% interest in 22 claims adjacent to the Bardome zinc deposits in Quebec’s Barraute and Fiedmont twps., has been acquired by Ressources Val d’Or (ME) from Noranda (TSE). To earn i…
1990
North Lily to drill
A trenching program on the Nine Mile property has prompted owners North Lily Mining (NASDAQ) to proceed with a drilling program. The trenching program tested a 4,400-ft. long east-west trending fault …
News in brief Wkay Resources
Wkay Resources (WKA:VSE) has changed its transfer agent to Montreal Trust Co.
BRIEFS Oldest miner dies
A former coal miner regarded by the Guinness Book of Records as the world’s oldest man recently died in Wales at the age of 112. John Evans, whose birth certificate recorded an Aug. 19, 1877, birth da…
Eastfield starts program at Takla-Rainbow
Field work is about to begin on the Takla-Rainbow property, north of Fort St. James, B.C., one of several properties that will be explored by Eastfield Resources (VSE) this season. The Vancouver-based…
Quintette looking to reorganize
To gain time to reorganize, Quintette Coal has obtained a court restraining order keeping third parties from taking action against the company for a period of six months. President Paul Kostuik noted …
Impending wage increases put more pressure on South African gold
Wage increases for South Africa’s black miners, due to take effect on the first of July, will result in even higher production costs for gold mines already among the world’s most expensive. The Nation…
FUTURES PRICES (June 25, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 115.60 114.40 114.60 + 2.10 July 115.30 112.80 113.00 + 2.40 Aug 112.00 112.00 111.60 + 2.00 SILVER (in US c…
Shareholders seek to oust management of Seven Mile High
A shareholders’ committee representing over 50% of the issued shares of Seven Mile High Group (VSE) recently launched a public campaign to remove most of the company’s management team. Seven Mile is a…
PEOPLE SILVERSIDE RESOURCES
Babu Gajaria elected president succeeding A.L. Hellans who resigned; K. Sethuraman, vice-president succeeding M. Graham who resigned. Bernie Kahlert appointed a director.
Craibbe plans drilling near Campbell mine
Toronto-based Craibbe-Fletcher Gold Mines (COATS), a subsidiary of Placer Dome (TSE), is planning an underground exploration program on its property adjacent to Placer’s Campbell mine near Red Lake, O…
Canchrome uncovers chromite values
Recently completing drilling programs on two chromite properties in Quebec’s Eastern Twps. was Canchrome Mines. On the Reed Belanger property, 22 holes representing 6,425 metres were drilled. The comp…