VSM/Serem, Dundee in property deal
A letter of intent has been signed between Dundee-Palliser Resources (TSE) and exploration partners VSM Exploration (ME) and Serem-Quebec which will allow VSM/Serem to earn a 50% interest in Dundee’s …
News
Placer Dome in exploration venture with Skyline
A number of gold prospects on the Reg claims held by Skyline Gold (TSE) will be jointly explored by Skyline and Placer Dome (TSE) under the terms of a recent agreement between the two mining companies…
St. Genevieve drilling deep to south of Wrightbar bet
Deep drilling has resumed at Wrightbar Mines’ (ME) Bourlamaque Twp. property where St. Genevieve Resources (TSE) has the option to earn a 50% project interest by spending $1.5 million. To find a depos…
$6 million to study the earth’s crust
Some $6 million will be given to the Trans-Hudson Orogen Transect research project over four years. The funding comes from the Natural Sciences and Engineering Research Council and the federal Departm…
Athletes to compete for gold in Timmins
The 7th annual Great Porcupine Gold Rush Triathlon will be held July 28 in Timmins, Ont. Contestants will cycle, canoe and run from Kelso to the Porcupine Camp — the trail used by the early prospecto…
Coxheath gets new funds from Ainsley
An option agreement has been signed between Coxheath Gold Holdings (TSE) and Toronto-based Ainsley Financial Corp. which will see the latter company invest $2.5 million to complete development of Coxh…
Montreal Exchange Summer trading slows
Market activity slowed during June, according to ME officials. The average daily volume during the month, at about 4.9 million shares, was down 7.1% from May. On the other hand, the average price per …
PRODUCER PRICES (July 16, 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…
Toronto Stock Exchange Noranda, Inco issues up as summer strikes
What may be remembered as the summer of discontent gained momentum during the week ended July 10, as employees at Brunswick Mining & Smelting’s Belledune smelter prepared to join their colleagues at T…
Deak considers autoclave system for Kerr mill
A feasibility study regarding the reactivation of the roaster at the old Kerr mill at Virginiatown, Ont., or alternatively the replacement of the roaster with an autoclave pressure- leach system, has …
Tap Capital shifts focus to oil and gas
Toronto-based Tap Capital is continuing with a restructuring plan that will eventually see all of its mining assets sold to focus on its oil and gas businesses. Director Richard Scratch says the compa…
Giant Yellowknife, Pamorex in deal
A deal worked out between Pamorex Minerals (TSE) and Giant Yellowknife Mines (TSE) could see the Nighthawk Lake gold deposit 10 miles east of Timmins, Ont., brought into production within two years. P…