Downturn offers Equinox opportunity
While many of its competitors are bemoaning current market conditions and metal prices, Equinox Resources (TSE) views the downturn in the context of a previously successful investment strategy. Under …
News
Southern Era Options Costa Roca gold mine
SouthernEra Resources (TSE) has acquired an option to earn a 50% interest in the Macacona gold mine in Costa Rica. Owned by Equinox Resources (TSE), the mine is a small heap leach operation having pr…
Guinness, Power release results
Partial assay results were released recently from the Guinness Gold (ASE), Power Exploration (TSE) joint venture project at Randall Lake in northwestern Ontario. Under an agreement, Guinness is entitl…
Editorial Universality will break the country
If the Canadian government is ever going to gets its deficit whittled down, it is going to have to take more drastic action on spending cuts than it has. There’s no way any impact can be made by makin…
Amalgamation creates Cons. Abitibi Res.
Shareholders of three related companies in northwestern Quebec have approved the amalgamation of the companies into one, the new corporation to be known as Consolidated Abitibi Resources. Approval for…
Jonpol,T & H sinking shaft in Garrison Twp
A $2-million underground exploration program has started on a Garrison Twp., Ont., gold property owned by associated juniors Jonpol Explorations (TSE) and T & H Resources (TSE). John Pollock, presiden…
Giant Yellowknife selling Ross mine
The producing Ross mine in Hislop Twp. west of Timmins in northern Ontario is being sold by Giant Yellowknife Mines (TSE) to a private company. The buyer is Preston Electrical & Mechanical Ltd. of Tim…
Montana silver project owes its prospects to persistence
From a speech by Frank Duval, President of Montana Reserves Co., at the Montana Mining Association’s centennial convention. Big miners move mountains of ore and mountains of money, but they don’t make…
Empire gold project dispute settled
A legal dispute that has stymied development of the Empire gold project of Nevada Goldfields (NASDAQ) and Clear Creek Resources has been settled. The two companies initiated the suit against Marquette…
Metal Prices PRODUCER PRICES (June 19, 1989)
ALUMINUM: MW U.S. Market US89.00 cents – 95.00 cents per lb. (June 8, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (June 8, 1989). BISMUTH: New York dealer $6.10-$6.25(US) per lb. (June 8…
Nerco DeLamar to joint venture War Eagle claims
Last year’s market high-flyer, War Eagle Mining (VSE), has bounced back on the mining scene with a joint venture agreement in hand for the exploration and development of its War Eagle Mountain propert…
Alberta Stock Exchange Siam gets Thai bet
Signs of a slowing Canadian economy seem to be offering little incentive for investors to come forward and speculate on resource issues. Predictably, volumes were low and losers tended to outnumbered …