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…
News
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 …
Metal Prices FREE MARKET (July 23, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 17 July 16 July 13 July 12 July 11 Copper 1525-1528 1536-1538 1580-1582 1593-15…
Hardrock resumes drilling on gold bet
Drilling will resume at Hardrock Extension’s (TSE) gold property near Geraldton, Ont., in mid-July, says President Michael Malouf. Hardrock will use $550,000 raised through flow-through financing to p…
Sullivan mine is carrot in Cominco union talks
As part of a deal to end the week- long strike at Cominco’s (TSE) Trail, B.C., smelter, the company has promised to spend $11.5 million to reopen the Sullivan lead-zinc mine in Kimberley, B.C. If the …
Alberta Stock Exchange Yukon raises funds
Edmonton-based Yukon Minerals has agreed to a private placement of one million treasury shares at 15 cents per share with two of the company’s directors. The proceeds totalling $150,000 will be used f…
PCS sells warrants to pay for Saskterra
A sale of special warrants worth nearly $50 million has been made by Potash Corp. of Saskatchewan (TSE) to fund the company’s recent purchase of Saskterra Fertilizers. Saskatoon-based Potash sold 3,66…
U.S. REPORT Targets exceeded at Champagne mine
Since the startup of the Champagne mine last September, operator Bema Gold (TSE) has been reporting better than anticipated gold and silver production at below projected costs. Bema owns 85% of the op…