Sikaman sells equity in Ghanaian gold project
Sikaman Gold Resources (TSE) has sold a 25% equity interest in the Bogosu gold project in Ghana to its joint venture partner, Billiton BV for $5.1 million. Billiton now holds 65.5% interest and Sikama…
News
Report calls for shaft on Fontana claims
A $5.86-million shaft sinking program is justified on the Fontana property near Amos, Que., says a report compiled for partners Bay Resources and Services (ASE) (37.5%), Stratmin Inc. (ME) (37.5%) and…
Editorial Mixed review for B.C. minerals tax
Amendments to the new Mineral Tax Act which were introduced to the Legislature in British Columbia, are being greeted with mixed feelings by the Mining Association of B.C. (MABC). To no one’s surprise…
Plexus’ Rawhide project to produce in April ’90
Gold production at the Rawhide project north of Reno, Nev., will begin by next April now that a 2-year property ownership dispute has been settled. Plexus Resources Corp. (TSE), which holds a 24.01% i…
Montreal Exchange Wrightbar draws interest
After cresting at $8.75 early in the week, Societe Miniere Louvem ended the report period at $5.88 on 1.3 million shares of trading. Interest in Louvem increased last week on speculation of new drill …
Thorco planning to benefit from McLeod’s mining smarts
Management at Toronto-based Thorco Resources is hoping that a new association with metallurgist Dennis McLeod will have a significant impact on some of the company’s European and South African project…
Metal Prices PRODUCER PRICES (July 31, 1989)
ALUMINUM: MW U.S. Market US83.55 cents – 77.25 cents per lb. (July 13, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $5.65-$5.85(US) per lb. (J…
Flow-through funding off by 75% this year
The amount of venture capital raised for mineral exploration using flow-through shares has plummeted nearly 75% in the first six months of this year, says the Prospectors & Developers Association of C…
New mineral incentive program approved by Ontario legislature
Ontario’s new mineral incentive program is nearly ready and will cover eligible expenses retroactively to July 13, the day it was approved in the legislature. “We’ve had two questions since this progr…
Goldteck completes drilling at Belview, Nev.
Goldteck Mines (TSE) has completed a drilling program on its Belview property in the Carlin district of Nevada. The drilling confirmed known reserves on the property but did not add significantly to t…
Gabanintha is a winner for Black Swan Gold
It’s safe to say that Black Swan Gold Mines (VSE) would prefer to have a majority interest in the Gabanintha gold mine 25 miles south of here. But to get the property into production the company (and …
Treminco opens Ptarmigan mine at Yellowknife, N.W.T.
The official opening of Treminco Resources (TSE) Ptarmigan gold mine took place a week ago at Yellowknife. The mill has been operating on a 2-shift basis (afternoon and graveyard) with ore being hoist…