Teck, Orient deal
Teck (TSE) has acquired an option to earn a 50% interest in a polymetallic prospect from Orient Resources (ME). Situated 104 km east of Val d’Or, Que., the 306- claim property covers two occurrences o…
News
Vancouver Stock Exchange (January 08, 1990)
Easing gold prices and uncertainty about the slowing economy are believed to have taken the wind out of a rally that began on Wall Street and the eastern Canadian exchanges just after the New Year. Al…
Minieres du Nord to drill Matagami
Minieres du Nord (ME) of Amos, Que., has expanded its land position in the Matagami Lake region of northwestern Quebec, by staking more claims in Isle-Dieu Twp. As well as 7,110 acres of geologically …
Giant Resources debt woes no problem for Golden Star
Debt problems currently being experienced by Giant Resources of Australia may prove to be a blessing in disguise for Edmonton zinc-silver producer Golden Star Resources (TSE). Giant Resources recently…
Contrary to magazine report, Barrick not using pontoons
Reports from Arizona that American Barrick Resources (TSE) is about to incorporate dredging equipment and pontoons into its Goldstrike mine development plan are inaccurate, a spokesman for the company…
Canamax renegotiates Amax loan agreement
Vancouver-based Canamax Resources (TSE) has renegotiated the terms under which it will repay the $7.3 million it owes to Colorado affiliate Amax Gold (TSE). At a special meeting in Toronto, shareholde…
Renewed interest in base metals greets 1990s
Long-awaited signs of a significant renewal in the amount of base metal exploration activity in Canada have appeared just as a new decade gets under way. Senior and junior mining companies alike are p…
Effects of 1989 restructurings kick in as 1990 gets under way
As a new decade gets under way, it is certain that last year’s wave of mergers, acquisitions and corporate restructuring efforts will begin to take effect on a number of mining companies. The mining i…
Radisson, Augmitto deal could lead to production
A 75% interest in the Beauchastel gold project, owned by problem- plagued Augmitto Explorations (TSE), will be acquired by Radisson Mining Resources (ME). Under the terms of an agreement, Radisson has…
Editorial An old view on free trade
Henry George, an ardent American proponent of free trade 100 years age, made these comments which still hold meaning today: It might be in the interest of lighting companies to restrict the number a…
Deak drilling (January 08, 1990)
A drilling program is under way at the Aldermac group of base metal properties near Rouyn-Noranda, Que., Deak Resources (TSE) reports. A minimum 15,000 ft. of drilling will be conducted by Feb. 28, ut…
Alberta Stock Exchange Investors stay away (January 08, 1990)
It was all quiet on the Alberta front this week as investors seemed reluctant to shrug off their New Year hangovers and return to the business of buying and selling resource stocks. As a result, the w…