Montreal Stock Exchange New VSM zone
News of a new zone discovery at the Grevet zinc property near Matagami, Que., helped propel the shares of VSM Exploration to $1.20, a gain of 35 cents, on a volume of more than 500,000 shares, for the…
News
EDITORIAL PAGE Opportunity for equipment manufacturers
Canada’s mining industry is coming off a period that has been one of the most prosperous ever. It will be tough during the 1990s to match the combination of strong demand, rising prices and improved p…
Corona Restructuring arrangement
The complicated restructuring under way at Corona (TSE) will involve several share exchanges among the shareholders of Corona, Prime Resources (VSE) and Stikine Resources (TSE). In a series of transac…
La Fosse sees profit potential in manganese, sinter and lump ore
A Toronto-based junior is hoping to make a pile of money through the sale of several products from a former producing iron ore district in the province’s northeast. La Fosse Platinum (TSE) is gearing …
Alberta Stock Exchange Durvada gains 33 cents
Nine recently completed drill holes on BMR Gold’s America Mine project in California have intersected more high-grade reserves in an area where initial open pit production is planned. One intersection…
Insider Trading Toffan benefitting from Eskay activity
John Toffan, chairman of Prime’s partner Stikine Resources (TSE), may wind up better off financially though he may never be as recognized for his role in the Eskay Creek gold discovery as Prime Resour…
People ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES
W. D. Tieman has been appointed Ontario’s new Mining and Lands Commissioner, effective June 1, 1990.
People GRANDUC MINES
William Grismer appointed president and chief executive officer succeeding William Allan who resigned. People May 22, 1990…
Correction (June 04, 1990)
Contrary to what was reported (T.N.M., May 28/90), the average cost of production at Canamax Resources’ (TSE) three Canadian gold mines during the first three months of 1990 was US$372 per oz., compar…
People LEXINGTON RESOURCES
A.M. Sinclair and Don Archibald appointed to the board of directors.
Timmins Land to buy Breakwater’s Rundle
Timmins Land, a privately owned company based in Timmins, Ont., has entered into an agreement with Breakwater Resources (TSE) to buy the South Rundle mine property for $1.5 million. The 800-acre prope…
Westview sees Lupin-type potential at Ren property
Vancouver-based Westview Resources (VSE) is funding a 10,000-ft. diamond drilling program this summer on what it considers to be a new “Lupin-type” gold deposit on the REN property in the Northwest Te…