Mature markets hurt selenium growth
The established end-use markets for selenium are mature and no new major applications are foreseeable, according to research company Roskill of London. However, the firm expects demand growth to conti…
News
Review lowers coal price
A review of the contract price of Bullmoose coal for the period commencing April 1, 1989, has lowered the price to $88.26 per tonne. The Bullmoose mine in northeastern British Columbia is owned 61% by…
News in brief (March 04, 1991)
Lyon Lake Mines (ME) has signed a deal with Canaco Mining (ME) to earn a 50% interest in the latter company’s Benoit Twp. property in northern Quebec. The 34-claim property is immediately north of the…
Mazarin makes option deals
An option agreement has been signed between Societe d’Exploration Miniere Mazarin (ME) and Rio Algom (TSE) whereby the latter may earn a 60% interest in Mazarin property north of Amos, Que. To earn it…
Placer continues drilling at Talapoosa
Placer is earning a 51% interest in the property from Athena Gold (VSE) by making expenditures, payments and share purchases which could total US$39 million. The drilling program was designed to test …
Alberta Stock Exchange Gold Hawk active
Shares of Consolidated Gold Hawk jumped 10 cents to close at 70 cents on volume of 92,200 shares during the week ended Feb. 26. The company is one of several juniors to benefit from a recent gold find…
Euro-Nevada Mining
Toronto-based Euro-Nevada Mining (TSE) recently added some royalty interests in the Harker-Holloway gold camp in northern Ontario to a portfolio of royalty assets that already encompasses the Eskay Cr…
Minera Rayrock, Battle Mountain in joint venture
A 50-50 joint venture has been formed between Minera Rayrock (TSE) and Battle Mountain Gold (TSE) for the purpose of exploring a number of gold properties in Costa Rica. Initially, Battle Mountain wil…
Denison, Ont. Hydro negotiate new pricing contract for uranium
Officials from Denison Mines (TSE) and Ontario Hydro have begun crucial discussions that will almost certainly lead to a dramatic reduction in the price Hydro is paying for the company’s Elliot Lake, …
Armistice ponders rights offering
A rights offering is being considered by Armistice Resources (ME) as a means of clearing up its working capital deficit troubles, President Frank Smeenk told shareholders at the recent annual meeting….
Champ. Bear drills
Champion Bear Resources (ASE) has completed 15 holes on its One Man Lake gold occurrence in the Kenora area of northwestern Ontario. A series of en echelon gold zones varying from 4 to 22 ft. in width…
Environmentalists active in Wisconsin
“It’s tough to do business down here,” says geologist Ted Dematties. “We always tell our clients that even if they do make a viable discovery, there is no guarantee they will ever get it to production…