Cross Lake adds to Lac St. Jean claims
Cross Lake Minerals (VSE) and its joint venture partners, Tarzan Gold (ASE) and Glen Auden Resources (TSE) have added an additional 42 claims to the 64 already optioned by them in the Lac St. Jean are…
News
China opening Toronto office for trading of non-ferrous metals
China is bringing its direct approach in the buying and selling of non-ferrous metals to Canada. The China National Nonferrous Metals Import & Export Corp. (CNIEC) has been active in the purchase of C…
Noranda increases stake in Falconbridge to 25%
It may be that Noranda Inc. (TSE) was simply trying to consolidate its status as Falconbridge Ltd.’s (TSE) largest shareholder when it bought 3.5 million of the nickel miner’s common shares recently f…
Tri-Valley awards Alaska contract
A Montana- based company has been awarded a contract to mine and process gold ore from one square mile of Tri- Valley Corp.’s Richardson lode project near Fairbanks, Alaska. Tri- Valley trades over th…
New CANDU 3 reactor holds key to the nuclear industry’s future
The nuclear energy industry may be down in the dumps but in Canada the industry is looking forward to a resurgent market in the mid-1990s. In particular, Atomic Energy of Canada Ltd. (AECL) has design…
Survey hits strong anomaly in unexplored area of Gaspe
A geochemical study conducted by the Geological Survey of Canada has come up with some interesting base metal anomalies in a relatively unexplored area south of Rimouski, Que. The GSC says it receiv…
Mining Congress calls for deepsea research
The American Mining Congress (AMC) has called for the reauthorization of the Deep Seabed Hard Mineral Resources Act for a further three years at an annual funding level of $1.5 million(US). The AMC to…
Vancouver Stock Exchange Midland leads rebounding market
The big news here and just about everywhere was the recent and long awaited upswing in gold prices. While most analysts have learned not to make hard and fast predictions on what gold will do over the…
Pioneer reports first-quarter loss
First-quarter financial results for Pioneer Metals Corp. (TSE) show a net loss of $330,000 or 2 cents a share compared with a loss of $46,000 for the period ended Mar 31, 1988. The company is expecti…
Gold funds as of May 23 (June 05, 1989)
BGR Goldcorp Central MVP Capital Net value $11.42 % $ 6.89 % $ 6.06 % $ 0.61% Price $9.625 % $ 3.95% $ 5.38% $ 0.35% Discount $15.72% 42.7 % …
Montreal site for aluminum symposium
The Metals Week Second Aluminum Symposium will be held Sept 25-26 in Montreal. Entitled “Facing the 90s,” the symposium will concentrate on the effect of the recent dramatic rise in aluminum prices. I…
FINANCING (June 05, 1989)
VANCOUVER Commander Res — gross proceeds rec $245,000. Secret Pass Minerals — opt exerc on 100,000 @ 45 cents per sh. World Wise Res — 700,000 shs sold for gross $245,000. Moondust Ventures Inc. -…