Goldbelt gains interest in Jascan property
A group of 48 claims about 10 miles northwest of the recent Inco- Vior-Cambior gold discovery in Douay Twp. will be optioned to Goldbelt Mines (VSE) by Jascan Resources (TSE). Goldbelt has the option …
News
Pelangio claims
Nineteen claims adjacent to the Detour Lake mine of Placer Dome Inc. in northeastern Ontario were recently acquired by Pelangio- Larder Mines (COATS). President Maurice Hibbard said previous drilling …
PRODUCER PRICES (April 30, 1990)
ALUMINUM: MW U.S. Market US70.75- 71.75 cents per lb. (Apr. 11, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CA…
Major General pays $12 million for Umex package
In return for 32 Canadian properties and associated assets, Major General Resources (VSE) will pay over $11.7 million to Umex, a unit of Union Miniere of Belgium, but only $250,000 will be in cash. Of…
Black Hawk funding (April 30, 1990)
Black Hawk Mining (TSE) has entered into a $1-million flow- through share financing agreement with CMP 1990 Resource Partnership and Co. Ltd. The share pricing of the issue has yet to be determined. B…
U.S. Report Struggling Bunker Hill reports loss for 1989
Despite strong base metal prices, Bunker Hill Mining (TSE) continues to struggle with losses at its lead-zinc-silver mine near Kellogg, Idaho. The company reported a 1989 loss of US$906,743 on revenue…
Bay, St. Genevieve in financing deal
A financing agreement has been entered into by Bay Resources and Services (ASE) with St. Genevieve Resources (TSE) whereby St. Genevieve will spend $150,000 by March 1, 1991, on Bay exploration proper…
Spot prices at a glance (April 23, 1990)
Week’s Price (US) Change Gold* $374.70 + $0.60 Silver* $5.09 Platinum* $478.00 + $2.00 Nickel** $3.93 — $0.06 Lead** $0.38 + $0.01 Copper- $1.22 + $0.03 Zinc $0.74 Courtesy of Scotiabank. Information…
Insider Trading Corona chief buys shares at discount
Corona (TSE) Chairman Ned Goodman looks set to profit from a recent transaction that increased his stake in the Toronto-based gold producer at a considerable discount to the market price. Last month, …
BP reports base metal find on property in Newfoundland
A new base metal discovery has been reported by BP Canada (TSE) on the company’s Daniel’s Pond prospect, about 20 km south of Buchans, Nfld. Although still at an early stage of exploration, the new ma…
Cusac finally wins appeal
A judgment of $2.87 million handed down in late 1988 has been ratified with Cusac Industries (TSE) coming out on top after an appeal by Total Energold (TSE) was dismissed. Cusac and Total were in disa…
International Curator plans to buy Granges’ interest in Jualin
With 10,750 ft. of an ongoing 20,000 ft. drilling program complete, International Curator Resources (VSE) hopes to exercise its option to purchase the 40% interest in the Jualin property owned by Gran…