News in Brief (February 26, 1990)
Golden Titan Resources and 182 Dynamic Endeavors Inc. have amalgamated to form Titan Pacific Resources Ltd. (TPZ:VSE). Golden Titan shareholders receive one new share for 0.2 old shares held; 182 Dyna…
News
U.S., USSR market mining technology
An agreement was signed last November by a large Soviet gold mining association and an Alaska company to combine mining technology developed on both sides of the Bering Straits. Severovostokzoloto of …
B.C.”s coal and copper star performers
The 1989 value of British Columbia’s mineral and petroleum products rose 5% from 1988 totals to reach an estimated $4.16 billion, according to figures released by Energy, Mines and Petroleum Resources…
ABM continues search for future mine reserves
Having proven up enough ore to keep its Colomac mine running for at least eight years, ABM Gold (AMEX) is under no immediate pressure to find new reserves on or outside the 32,000 acres it now control…
Granges to fight Abermin lawsuit
A trial date of Nov. 5 has been set in the Supreme Court of British Columbia for a $17.6-million lawsuit by Abermin (TSE) against Granges (TSE). Abermin is Granges’ joint venture partner at the Tartan…
Correction (February 26, 1990)
Contrary to what was reported (T.N.M., Feb. 19/90), Noranda Exploration President John Harvey recently sold 2,335 Noranda shares for between $24.125 and $24.625 to hold 36,971.
Wide zones cut on Noranda-Akiko bet
Joint venture partners Noranda (TSE) and Akiko-Lori Gold Resources (VSE) have reported substantial widths of low-grade gold mineralization from a recently completed drill program on the Springpole pro…
Investment demand key to platinum’s success
With the possible exception of gold, platinum should be the performer to watch among the actively traded non-ferrous and precious metals during 1990, says international securities firm Shearson Lehman…
Aur gold output below expectation
Aur Resources (TSE) may have struck a major exploration success at its Louvicourt Twp. massive sulphide discovery last year, but in 1989 the company also struggled with another project in the Val d’Or…
PRODUCER PRICES (February 26, 1990)
ALUMINUM: MW U.S. Market US65.00- 67.00cents per lb. (Feb. 15, 1990). ANTIMONY: New York dealer US84-86cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADM…
Radisson decides against purchase of Beauchastel
The Beauchastel mining installations of Augmitto Explorations (TSE) near Rouyn-Noranda, Que., will not be purchased by Radisson Mining Resources (ME). Radisson, searching for milling facilities for it…
Montreal Exchange Casa Berardi interest
Investor attention continues to be directed toward Quebec’s Casa Berardi area where a couple of seniors and a junior pulled an encouraging drill hole in a joint project in Douay Twp. Four initial hole…