Diamond search extends to Alberta
The search for diamonds has now expanded from Saskatchewan into Alberta, and evidence suggests the claim of 6,000 sq. km in northern Alberta belongs to Monopros, the Canadian arm of South Africa’s De …
News
Curragh, union far apart, Faro workers go on strike
Curragh Resources (TSE) Chairman Clifford Frame says he feels sorry for the families of 400 striking employees at the company’s lead-zinc operation at Faro, Y.T. But given the current state of metal p…
Coventant to merge with El Condor
Exploration budgets totalling about $2.5 million are being planned for a number of projects in British Columbia’s “Golden Triangle” held directly and indirectly by Goldbelt Mines (VSE). Goldbelt and a…
Covenant to merge with El Condor
An agreement in principle was reached between El Condor Resources (VSE) and Covenant Resources (VSE) for the merger of the two companies. The new company will issue one new share for each El Condor an…
Toronto Stock Exchange Arimetco active as investors await economic
Concern over interest rates and first-quarter earnings combined to drive some investors out of the market during the week ended April 9. Having profited from a first-quarter rally, which they fear may…
Smelter union rejeacts offer, Brunswick strike continues
Employees at Brunswick Mining & Smelting’s (TSE) zinc mine and smelter near Bathurst, N.B., will remain on strike rather than accept a “final offer” from the company, says Phil Best, a representative …
Mining executives among top earners
A list of Canada’s best paid corporate executives in 1990 would include Chairman Donald Phillips of Inco (TSE) and President Anthony Petrina of Placer Dome (TSE). Information on executive salaries is …
Trillion invests in African mine
After completing a 12-hole drill program on Jena Mines’ gold property in Zimbabwe, Trillion Resources (ASE) has negotiated an agreement to earn a 50% equity interest in the African company by investin…
GOLD FUNDS (April 15, 1991)
Gold funds as of Apr. 9 BGR Central Net Value $9.01 $5.12 Price $7.88 $4.000 Discount 12.54% 10.2% Value $53,621,151 $77,391,780…
Maradona
Presently inactive Maradona Resources(CDN) plans to get out of the mining business and into residential real estate. The junior, which used to hold a gold prospect in the Batchewana River area near Sa…
Trip heightens analysts’ enthusiasm for Chile
Demonstrating the practical advantages of mining in countries like Chile and Brazil is never an easy undertaking for the Canadian companies operating there. The logistics of transporting visiting anal…
NEWS IN BRIEF Billikin Resources Ltd.
Billikin Resources Ltd. (BIL:VSE) has changed its name to Cora Resources Ltd. with a consolidation of capital on a 1-new-for-4-old share basis. The transfer agent is Montreal Trust.