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 …
News
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…
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…