Placer ups stake in Cazador
Placer Dome (TSE) has increased its interest in Cazador Explorations (VSE) to about 18% through the purchase of 220,000 additional units for $121,000. The funds will be used for geological mapping, pr…
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Epoch, Noranda sign joint venture deal
A joint venture agreement has been signed between Epoch Capital (VSE) and Noranda (TSE) to explore the Burnt Pond base metal property in central Newfoundland. Under the terms of the agreement, Noranda…
PRODUCER PRICES (April 02, 1990)
ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 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). CAD…
Amax acquires 100% of Hayden Hill
For the sum of $14.9 million, Amax Gold (TSE) has acquired the remaining 40% interest in the Hayden Hill gold venture from a subsidiary of U.S. Gold (NASDAQ). Completion of this purchase gives Amax 10…
Coal exports in jeopardy?
Canada’s exports of metallurgical coal to Japan, a key industry in Western Canada, could be in jeopardy by the start of the 21st century. According to a paper at the Globe ’90 environmental conference…
West Coast Skarns
Skarns containing gold as the predominant, and in some cases the only, economic mineral are classed as gold skarns while precious metal enriched (PME) skarns include any iron or base metal skarn that …
Letters to the Editor Prospector faults Bill 71
I am writing to you in answer to the statements put forth by Ontario Mines Minister Hugh O’Neil (T.N.M., March 19/90). I would ask on what basis he thinks setting high rates will encourage the submiss…
Calpine plans program for GNC
A $500,000 work program has been proposed by Calpine Resources (VSE) for the GNC claims north of Stewart, B.C., which surround a large part of the Eskay Creek gold deposit owned equally by Calpine and…
Pamorex detects second gold zone
After conducting some further assaying on drill core from a recently completed exploration hole on the Upper Beaver property near Kirkland Lake, Ont., Pamorex Minerals (TSE) says it has detected a sec…
Princeton gains control of Cliff
By selling its wholly owned asbestos unit to Cliff Resources (TSE) in exchange for common equity, Princeton Mining (TSE) has effectively gained control of Cliff. Princeton estimates that it will own 7…
Low grade deposit on Springpole bet
The Portage zone on the Springpole gold property being explored by joint venture partners Noranda (TSE) and Akiko-Lori Gold Resources (VSE) hosts geological reserves of at least 7.9 million tons gradi…
Queenstake makes new acquisition
Further to the company’s move away from placer mining, Queenstake Resources (TSE) has acquired a number of claim blocks in Pershing Cty., Nev., which include the Snowsquall and Doc properties. As a re…