Pamour assets on auction block
A Toronto-based securities firm has been retained by Giant Resources of Australia to conduct an international auction for the sale of Giant’s Canadian mining assets. Handling the auction will be Deaco…
News
Vancouver Stock Exchange Bullish sentiment to gold market
Activity on the Vancouver Stock Exchange is beginning to pick up steam as junior companies prepare for the coming work season by arranging financings, making property acquisitions and sewing up joint …
Inco, Golden Knight drilling
Exploration around the Casa Berardi East and West gold mines, held jointly by Golden Knight Resources (TSE) and Inco Gold, has yielded some encouraging results. After spending $11 million on undergrou…
Alberta Stock Exchange Gowest gains 16 cents
Several junior exploration companies with interests in gold properties in northwestern Quebec made significant gains during the week ended Feb. 13. Gowest Amalgamated tacked on 16 cents to its share p…
AUR officers to be honored at PDAC convention in March
The two officers of Aur Resources (TSE), the junior which excited the mining world last year with the large Louvicourt Twp. massive sulphide discovery in northwestern Quebec, will share the 1990 Prosp…
Goldbelt gets option
Goldbelt Mines (TSE) has signed an option agreement with Glen Auden Resources (TSE), giving the company the right to earn a 50% interest in Glen Auden’s 219-claim property in Moody Twp., Ont. The Mood…
Noranda, Akiko-Lori probe potential of Springpole bet
As Noranda (TSE) has deployed three drill rigs on the Springpole gold property in northwestern Ontario and has teamed up with Akiko-Lori Gold Resources (VSE) — a company controlled by well-known mini…
Gordex Correction
A recent query on Gordex Minerals (T.N.M., Feb. 5/90) included incorrect information regarding the company’s CIP processing plant in New Brunswick. Contrary to what was printed, the CIP plant at Gorde…
Metal Prices PRODUCER PRICES (February 19, 1990)
ALUMINUM: MW U.S. Market US64.00- 66.00 cents per lb. (Feb. 1, 1990). ANTIMONY: New York dealer US88-90 cents per lb. (Jan. 25, 1990). BISMUTH: New York dealer US$4.35-4.45 per lb. (Feb. 1, 1990). CAD…
News in Brief (February 19, 1990)
Muscocho Explorations (TSE) has changed its transfer agent to Royal Trust Co.
Equity posts $16-million reclamation bond
The costs associated with closing a mine in these environmentally sensitive times have become an important issue for Equity Silver Mines (TSE). The Vancouver-based company posted a $16-million reclama…
Letters to the Editor No connection
I write to draw attention to an error (T.N.M., Feb. 12/90) in the article “Rio, Denison sue each other over Elliot Lake practices.” In the closing paragraph, the writer attributes the pending closure …