News


Ontario Unlisted Strike drilling

Queenston and Strike Minerals have signed a formal joint venture agreement on the Robertson Twp. base metal property near Matachewan, Ont., giving Strike a 40% interest in the project. The partners ar…


Investors lose enthusiasm for precious metal silver

For the third time in as many years, the annual average New York (Handy & Harman) price for silver in 1990, at US$4.82 per oz., was lower than for the previous year, the Silver Users Association of Wa…


Weak results from Springer gold bet

Exploration on the King’s Point project, 75 miles south of Deer Lake, Nfld., has yielded disappointing results for Springer Resources (VSE). Although three holes drilled to test geophysical and geoche…



SOQUEM options Canspar property

SOQUEM, the Quebec government’s mineral exploration company, has acquired the right to earn a 50% interest in Canspar Resources’ (ME) Portage du Fort dolomite property north of Hull, Que. The 14-claim…


Writeoffs deepen Total Energold loss

A writedown of $20.5 million helped push Total Energold (TSE) further into the red for the year ended Dec. 31. Total Energold recorded a loss of $28.1 million for the year on revenues of $46.9 million…


Cameco drops Marlin option

After completing a 5-hole drill program, Cameco has dropped its option on a gold property owned by Golden Marlin Resources (VSE) near Yellowknife, N.W.T. Cameco had the right to earn a 51% interest in…




Alberta Stock Exchange Gold stocks fade

During the report period ended March 19, the price of gold bullion remained in the doldrums at around US$364 per oz., causing several speculative mining stocks to drift lower amid lacklustre trading. …


China plans new copper smelter

A new 100,000-tonne-per-year copper smelter, to cost US$150-200 million, is being planned for China by CNNC Shanghai Smelter, the Cable and Wire Group of Shanghai, and Philipp and Lion, the publicatio…


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