Alberta Stock Exchange Zenmac moves up
Some substantial gains were made during the week ended Jan. 16 by three Alberta issues which haven’t been among the most active traders lately. During the week, Zenmac Zinc added an impressive 58 cent…
News
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…
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…
Corona ups stake in Newhawk
Gold producer Corona (TSE) has increased its interest in Newhawk Gold Mines (TSE) by participating in three flow-through share agreements valued at $2.1 million. By acquiring an additional 913,001 sha…
J.M. Slack purchases Deak Res. debentures
Mining executive J.M. Slack, who is spearheading the activities of Deak Resources (TSE), recently made his first formal investment in the Toronto company. .T J.M. Slack & Associates, a company contr…
Teck exploring Snow Lake camp
The mineral potential of some 70,000 hectares in the Snow Lake region of Manitoba will be examined by Teck (TSE) under a joint venture agreement with partners, TSA Explorations (VSE) and Samarkand Res…
High Frontier option
High Frontier Resources (VSE) has acquired an option on 54 claims in Ontario’s Teck, Bernhardt and Maisonville twps. Frontier can earn a 100% interest in the claims by making a cash payment and issuin…
Louvicourt resumes drilling at gold bet
Surface and underground drilling has resumed at the gold project of Louvicourt Gold mines (COATS), 14 km east of Val d’Or, Que. The company says the surface drill pattern is designed to test four stru…
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…
Metal Snips (January 22, 1990)
Low uranium prices — below US$10 per lb on the spot market — have wiped out the mining of that mineral in New Mexico. The state, which had 55 uranium mines in 1978, saw its last such mine close rece…
Card Lake active
With exploration action heating up in the Harker-Holloway area of northern Ontario, Card Lake Resources gained 1 cents to close at 33 cents on volume of 17,200 shares. American Barrick has an option…