Hardrock, Geraldton, Ferau joint ventures
Three separate joint venture agreements have been completed by Hardrock Extension (TSE), Geraldton Longlac Gold (COATS) and Ferau Resources (COATS). In the first agreement, Hardrock’s 17.5% interest i…
News
Cambior looks beyond North America
In its first major exploration project outside North America, Cambior (TSE) is negotiating an agreement involving gold property in Indonesia. Cambior, based in Val d’Or, Que., says it has reached an u…
Lower zinc prices cut into Brunswick earnings
Despite record zinc recoveries from Brunswick Mining and Smelting (TSE) No. 12 mine near Bathurst, N.B., lower zinc prices have slashed the company’s first quarter earnings by 60% from last year’s fig…
China searches for minerals
China plans to increase its prospecting and exploration activities. The Ministry of Geology and Mineral Resources hopes to locate new reserves that amount to 13-15% of the present total and double its…
Public hearings planned for Cinola mine
Public meetings are being planned to address environmental and other key aspects of the controversial Cinola gold mine project on the Queen Charlotte Islands of British Columbia. British Columbia Mine…
Westmin moving to secure Tenajon deal
The Premier Gold mine project near Stewart, B.C., may soon be treating higher-grade reserves from the SB gold project owned by Tenajon Resources (TSE). Don McLeod, president of Tenajon, said his compa…
Toronto Stock Exchange Indices (April 30, 1990)
Apr. 24 Apr. 23 Apr. 20 Apr. 19 Apr. 18 HIGH LOW Composite “300” 3340.96 3344.07 3355.62 3410.61 3476.42 4009.47 3340.96 Metals & Minerals 2851.87 2850.84 2898.23 2946.64 2971.48 3453.05 2850.84 Integ…
Reserves upgraded at Stirling mine
Geological reserves at the Stirling gold mine near Beatty, Nev., are reported by 52% owner Cathedral Gold (TSE) to be the highest ever in the mine’s 10-year operating history. Mine geological staff cu…
Latest drilling rekindles interest in Douay project
The three partners in the Douay gold project in Quebec’s Casa Berardi region have reported further encouraging results from the remaining eight holes of a 17-hole drilling program. Operator of the pro…
Equinox plans production at Van Stone
Following a detailed evaluation of the Van Stone zinc property, Equinox Resources (TSE) has exercised its option to purchase the property and plans to bring it into production as soon as possible. The…
Corona earns stake in Nevada project
A joint venture between Westley Mines (TSE) and Corona (TSE) will revive exploration efforts on what Westley has described as “the company’s most exciting project.” Corona is earning a 70% interest in…
FUTURES PRICES (April 30, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 124.50 119.00 124.00 + 5.00 May 115.70 111.80 115.50 — 0.75 June 109.50 109.50 112.00 SILVER (in US cents pe…