African problems pump up cobalt
Stock exchange investors may be feeling the effects of a bear market but for cobalt producers, the times couldn’t be better. According to the London-based publication Metal Bulletin, the metal climbed…
1990
Drilling starts at Gold Basin
A drill program by Consolidated Rhodes Resources (VSE) has started on the Gold Basin project in Mohave Cty., Ariz. The junior, controlled by Murray Pezim, is earning a 50% interest in the property fro…
Westar takes price cut for metallurgical coal
After making promising upward moves of US$3.50 and US$2.40 per tonne in each of 1989 and 1990 respectively, the price received for metallurgical coal by Canada’s largest producer has dropped somewhat….
Vancouver Stock Exchange Star performers of the year
The past year was a cruel one for the Vancouver Stock Exchange as the Composite Index plunged 26% to 527.37 from its year-earlier level of 713.71. The high and low for the period were 802.20 and 505.8…
Garrison gold project work continuing under new venture
Exploration and mining will continue on the Garrison gold property, 24 miles east of Matheson, Ont., following a joint venture agreement between Perrex Resources (ASE) and GSR Mining, a subsidiary of …
Chutine funding
Chutine Resources (VSE) says it raised almost $853,400 through two private placements. The company sold about 2.3 million units at 37 1/2 cents per unit. Each unit comprises one common share and one n…
Rhyolite sees Texada production in ’91
A plan to bring Rhyolite Resources back to life should result in gold production in the new year. The company plans to bring its gold-copper property on Texada Island in British Columbia back into pro…
Drill program to test IP targets at Fireweed
A drill program is planned for early 1991 on the Fireweed property north of Smithers, B.C. Mansfield Minerals (VSE) granted Minnova (TSE) the right to earn a 70% interest in the polymetallic project b…
Elliot Lake to receive $15-million financing
The area surrounding Elliot Lake, Ont., will receive $15 million from the provincial government to help diversify and revitalize its economy after a series of job losses at the community’s uranium min…
Great Lakes boosts interest in Michigan copper projects
Great Lakes Minerals (TSE) has acquired the right to purchase all the issued and outstanding shares of Keweenaw Copper Company (KCC), a private Michigan-based company, in exchange for 550,000 shares o…
Placer Dome buys shares of Pan Orvana
The proceeds of a recent private placement by Placer Dome (TSE) will be used by Pan Orvana Resources to carry out exploration in south-central British Columbia and north-central Washington. The progra…
Anglo completes drilling program
Having completed the first stage of exploration work on the MWF property in Matheson Twp. near Timmins, Ont., Anglo-Canadian Mining (TSE) reports a final narrow, gold-bearing intersection. Hole No. 11…