OSC rules on Barbour
The Ontario Securities Commission has suspended the personal trading rights in Ontario of Noranda (TSE) officer Wilson Barbour for two years and his trading in securities on behalf of his company’s pe…
News
50th anniversary at Noranda High
Noranda High School, founded 50 years ago, will have a reunion in Rouyn-Noranda, Que., Aug. 3-6. Many of its graduates are now in the mining or mining-related professions. Some hold important position…
Partners fail to duplicate earlier results from Fontana
With the completion of five additional holes on the Fontana property on northwestern Quebec, Bay Resources and Services (ASE) has been unable to reproduce the exciting results that raised a stir in th…
New reserves make Boddington mine Australia’s largest
Contained gold reserves at the Boddington deposit have increased by 616,000 oz., making the gold mine Australia’s largest. The additional reserves boost Boddington’s total minable reserves to 3.07 mil…
Metal Prices FREE MARKET London Metal Exchange (July 16, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 10 July 9 July 6 July 5 July 4 Copper 1526-1528 1550-1552 1533-1535 1508-1510 1478-1480 Lead 502-504 …
Lytton moves to gain interest in Eskay claims
His problems with securities regulators and former wives aside, Murray Pezim will likely be facing a lengthy legal battle to keep control of his most recent discovery, the Eskay Creek deposit, north o…
NEWS IN BRIEF (July 16, 1990)
Award Resources Ltd (ADR: VSE) has changed its name to Tomco Development Inc (TMV: TSE) on a 1-new-for-3-old basis. Montreal Trust is the transfer agent.
Placer sells Canadian oil and gas assets to Poco, Amerada Minerals
As part of a plan to rid itself of non-mining assets, Placer Dome (TSE) has agreed to sell Placer CEGO Petroleum Holdings, its Canadian oil and gas subsidiary, to Opus Acquisition, a company owned by …
Acadia’s connection with Hecla provides access to equity funds
At a time when most juniors are struggling to raise risk capital Acadia Mineral Ventures (TSE) has secured significant financial clout and has expanded its portfolio of gold properties. The company no…
Belmoral sells stake in Canreos Minerals
In a private transaction, Belmoral Mines (TSE) will sell its 38% interest in Canreos Minerals (VSE) to Tor Jensen, president of Canreos. As part of the agreement, Belmoral will also write off a $45,00…
Vancouver Stock Exchange Seine River fares well
Both the Vancouver Stock Exchange’s Composite and Resource indexes fared poorly over the week ended July 10, falling 9.18 and 13.43 points respectively. The composite index ended at 789.90 while the r…
Shamrock completes bioleaching test at Arthur White mine
A demonstration test for the bioleaching process was recently completed at Dickenson Resources’ (TSE) Arthur White gold mine near Red Lake, Ont. Shamrock Resources (VSE) conducted the 2.5-month test t…