News


Ontario’s new Mining Act approved by legislature

Supported by all three political parties, Ontario’s new Mining Act sailed through the provincial legislature this fall gaining Royal assent on Dec 6. “After 73 years, Ontario now has a new Mining Act …


Metal Prices PRODUCER PRICES (December 18, 1989)

ALUMINUM: MW U.S. Market US76.00 cents – 77.00 cents per lb. (Nov 30, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.50-$4.60(US) per lb. (N…


Alberta Stock Exchange Naxos again

The Naxos Resources issue continued its upward spiral, thanks to the work the company is doing on a 6,800-acre claim block in the Shumway Lake area south of Kamloops, B.C. Trading on 575,300 shares, N…


SOB demands second study for Prime/Calpine merger

In a surprising about-face, the Vancouver Stock Exchange has backed away from its earlier request that a second independent valuation be done for the proposed merger of Calpine Resources (VSE) and Pri…


CEIP incentive program is not very well understood

The federal government provides mining exploration with two major tax-related incentives. Both may be made available by mining corporations to persons who subscribe for their flow-through shares. Of t…


Westfield cashed up after asset sale

Westfield Minerals (TSE) reported net income of $5.5 million or 34 cents per share during the first nine months. During the same period last year, Westfield’s net income was $1.7 million or 12 cents …



Bitech options Kam Creed claims

Bitech Corp. (ASE) has signed a letter of intent to option a gold property in Newfoundland from Kam Creed Mines (TSE). Under terms of the option agreement, Bitech is to make option payments of $60,000…


Study bullish for international gold market

According to a recently published study of the international gold market by Metal Market Consultants of Lakewood, Colorado, the demand for gold should exceed supply and keep prices modestly buoyant in…


More high grade at Buckhorn

Excellent drilling results continue to roll in from the Buckhorn Mountain property owned by Crown Resources (NASDAQ). Situated in Washington State, the property has been the subject of an extensive ex…



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