Armeno signs deal with Nissho Iwai
Vancouver-based junior Armeno Resources (VSE) has formed a joint venture with a Japanese company to finance the development of a small silver-gold-lead-zinc deposit in Ecuador. Nissho Iwai of Japan ha…
News
Minerex ordered to pay mine contractor
A tribunal of the American Arbitration Association has ruled that Vancouver-based Minerex Resources (TSE) and the Aurora Partnership must pay nearly US$1.4 million in damages to a former contractor at…
Equinox buys 100% of Van Stone mine
The Van Stone zinc project in northeastern Washington is now owned 100% by Equinox Resources (TSE). The property is 25 miles south of Cominco’s zinc smelter at Trail, B.C. Equinox recently paid the fi…
Anglo hits graphite horizon on hole two
Drilling its second hole at the MWF property near Timmins, Ont., Anglo Canadian Mining (TSE) has intersected what it believes to be an important mineralized zone. Occurring at the contact between sedi…
U.S.REPORT Kennecott exercises High Frontier option
An option to acquire an additional 500,000 shares of High Frontier Resources (VSE) has been exercised by Kennecott, a wholly owned unit of London-based RTZ Corp. The option was part of a previous agre…
Teck increases stake in Triumph
A flow-through private placement of 880,000 shares of Triumph Resources (VSE) to Teck (TSE) has increased Teck’s interest in Triumph to 2.49 million shares or 52.6%. The placement, priced at 50 cents …
Tournigan looking for partner at Bear pass gold property
Although no agreement has been made, Tournigan Mining Explorations (VSE) says it has started talks with several major mining companies for a possible joint venture to further explore and develop its B…
PRODUCER PRICES (July 23, 1990)
ALUMINUM: MW U.S. Market US72-73 cents per lb. (Jul. 5, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.05 per lb. (Jul. 5, 1990). CADMIUM: N…
Letter to the editor Miner asked to get “facts straight”
I am writing in response to two articles (T.N.M., June 18/90, June 25/90) concerning base metal exploration in the Bathurst camp of northern New Brunswick. It is not unusual for the daily newspapers t…
Newmont cancels Post mine deal with American Barrick
A change of emphasis at Newmont Gold’s (NYSE) Carlin operations in Nevada has resulted in the cancellation of a joint mining agreement between the Newmont Mining (NYSE) subsidiary and neighbor America…
Galactic finalizes Cornucopia buy
The agreement between 10 shareholders of Cornucopia Resources (TSE) and Galactic Resources (TSE) has been finalized with Galactic acquiring 3.165 million shares. The shares represent 16.34% of the iss…
News in brief Black Thunder Petroleum Corp.
Black Thunder Petroleum Corp. (BTP:VSE) has changed its name to Conley Resources Corp. (CNY:VSE) on a 1-new-for-5-old- share basis. A cease trade order dated from June 30, 1988, is still in effect. Th…