Four drill programs for Central Crude
Central Crude (TSE), which is moving ever closer to the Hemlo Gold Mines (TSE)-Noranda (TSE) fold, is also becoming much more active in the exploration field, with Noranda as operator. Central Crude n…
1990
Noranda increases to 21.6% its stake in Miniere Louvem
Toronto-based Noranda Minerals, a unit of Noranda (TSE), recently acquired 489,900 shares of Societe Miniere Louvem (TSE), bringing its stake in the Val d’Or, Que., company to 3.2 million shares or 21…
Deak seeks funds for mill work
Having recently raised $3.85 million in subscription funds backed by debentures, Deak Resources (TSE) is hoping to have commitments by the end of January for an additional $10 million to cover the cos…
Homestake drills strong hole on SAG’s Akaiwong project
Drilling by Homestake (NYSE) on the Akaiwong gold property held under option from South American Goldfields (TSE) in Guyana, has returned encouraging results. A 12-hole program designed to test a larg…
Edinburgh to host IMM Council in July
The 14th Congress of the Council of Mining and Metallurgical Institutions will be held July 2-6 in Edinburgh, Scotland. The focus will be the expanding range of minerals and materials required by cont…
Montreal Exchange Indices well off
Investors lost ground in active trading for the week ended Jan. 16, with the market portfolio tumbling more than 38 points and the mining and minerals index declining more than 19 points. Daily volume…
Belmoral resumes work on Yorbeau’s Astoria
Underground exploration work has been resumed by Belmoral Mines (TSE) on Yorbeau Resources’ (TSE) Astoria gold project, three miles south of Rouyn-Noranda, Que. Drifting is under way at the AW-zone on…
Falco extends program
Falconbridge Gold (TSE) will extend the expiry date of its small shareholder selling program to Feb. 28. Originally scheduled to expire on Dec. 28, the program enables shareholders owning 99 or fewer …
Freewest, Aurogin deal
Aurogin Resources (VSE) has granted an option to Freewest Resources (ME) and Maple Creek Mines, a private company. It gives the latter two companies the right to earn a 50% interest in a base metals p…
Atlantic Report Cape Breton Highlands get going over
Despite a dramatic drop in activity in the junior resource sector in Nova Scotia since the heyday of flow-through shares, exploration is continuing, mostly by majors and the few juniors which have man…
PRODUCER PRICES Metal Prices (January 22, 1990)
ALUMINUM: MW U.S. Market US72.00 cents – 73.00 cents per lb. (Jan 11, 1990). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Corona offering near $100 million
Following in the steps of two other major Canadian gold producers, Corona (TSE) has gone to the market to raise capital through an offering worth almost $100 million. Toronto-based Corona will issue n…