Black Hills ban confounds mining community
The sudden and unexpected announcement that minefinders might soon become outcasts in the Black Hills of South Dakota has angered some explorationists. It doesn’t help that operating mining companies …
News
Custom milling agreement, next step for Stratabound
Finding someone willing to custom mill ore from the CNE zinc- lead-silver property near Bathurst, N.B., appears to be the next logical step for Stratabound Minerals (ASE). After releasing the last bat…
Toronto Stock Exchange Indices (January 29, 1990)
1989 Jan. 23Jan. 22Jan. 19Jan. 18Jan. 17HIGH LOW Composite “300”3812.683801.513865.073857.393872.274009.473801.51 Metals & Minerals3090.563068.083115.733143.113137.043453.053068.08 Integrated mines…
Metal Snips (January 22, 1990)
Low uranium prices — below US$10 per lb on the spot market — have wiped out the mining of that mineral in New Mexico. The state, which had 55 uranium mines in 1978, saw its last such mine close rece…
Gold funds as of Jan 16 MVP
BGR Central Capital Net value $12.63 $6.27 $0.47 Price $ 9.00 $6.38 $0.42 Discount 28.74% 1.7% 12% Value $75,199,971 $105,526,136 N/A…
Accord with Yemen
Canada has recently signed a 5-year agreement with the Yemen Arab Republic, which provides for co-operation between the two governments in the earth sciences and mining. The agreement will also create…
American Copper
The American Copper Council will sponsor its eighth biennial Copper College at Sheraton El Conquistador Resort in Tucson, Ariz., March 2-7. The theme of Copper College ’90 is “The past, present and fu…
FINANCING (January 22, 1990)
VANCOUVER Dromedary Expl. — 800,000 sold for gross $288,000. Nortran Res. — min 600,000 offered @ 47 cents per sh. Circumpacific Egy — 1,000,000 sold for gross $500,000.
Falco extends program
Falconbridge Gold (TSE) will extend the expiry date of its small shareholder selling program to Feb. 28. Originally scheduled to expire on Dec. 28, the program enables shareholders owning 99 or fewer …
Canchrome financing
Gateford Resources (ASE) says its affiliate Canchrome Mines has completed a $1.4-million flow- through unit offering. Canchrome plans to use the funds to finance the exploration and development of chr…
Corona ups stake in Newhawk
Gold producer Corona (TSE) has increased its interest in Newhawk Gold Mines (TSE) by participating in three flow-through share agreements valued at $2.1 million. By acquiring an additional 913,001 sha…
J.M. Slack purchases Deak Res. debentures
Mining executive J.M. Slack, who is spearheading the activities of Deak Resources (TSE), recently made his first formal investment in the Toronto company. .T J.M. Slack & Associates, a company contr…