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…
News
Oregon acquires Flat Gold property
The transfer of ownership in the Flat gold property will result in Oregon Resources (VSE) owning 100% of the Alaskan project where it intends to spend about US$1.5 million on exploration over the next…
Electrowinning set to emerge as major new method of recovery
Electrowinning, the recovery of metals from ore by means of electrochemical processes, will account for about 20% of total refined copper production by the year 2000, according to a Commodities Resear…
FUTURES PRICES (July 23, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 124.80 122.60 122.75 + 4.15 Aug 122.50 121.50 121.50 + 3.25 Sept 121.90 119.25 120.00 + 3.25 SILVER (in US c…
FINANCING (July 23, 1990)
VANCOUVER Crimsonstar Res — 1,000 offered @ 57 cents per sh. Yellow Band — 900,000 offered @ 45 cents per unit. Clifton Star — gross proceeds rec $1,645,503.50. Cons Kyle — 850,000 offered @ 40 ce…
Int. Larder-MRB
International Larder Minerals (TSE), which has been moving into the field of industrial minerals (talc and marble) in recent years, has advanced $200,000 to Bakertalc (ME), a struggling Quebec talc pr…
Dunfrazier offering not fully subscribed
Dunfrazier Gold Explorations (ASE) says it has received only $1,200 from subscriptions for a rights offering from which the Toronto company had hoped to raise $135,625. Dunfrazier says it has been adv…
Drilling started on Akiko-Lori projects
Joint venture partners Akiko- Lori Gold Resources (VSE) and Goldfields Canadian Mining have begun a summer drill program on their Catharine gold property, 16 miles southeast of Kirkland Lake, Ont. Aki…
High-grade copper enhances zinc find at VSM’s Grevet
The recent discovery zone at VSM Exploration’s (ME) Grevet base metal property northeast of Quevillon, Que., is producing much higher copper grades than the original zinc-rich zones to the south. Of t…
Windarra says La Ronge gold mine could cost $39 million
A recently completed feasibility study on the Contact Lake gold deposit near La Ronge, Sask., estimates capital costs to build a 700-tonne-per-day mine at $39 million, says 20% owner Windarra Minerals…
Kookaburra exploring Hidden Valley property
Work is scheduled to begin shortly on the Hidden Valley property, 25 miles west of Smithers, B.C., and owned by Kookaburra Gold (VSE). Kookaburra plans trenching, sampling, prospecting and electromagn…
Copper association boosts membership
The International Copper Association, based in New York, recently boosted its membership to 30 producers and nine fabricator associate members representing 17 countries with the addition of three new …