Pioneer’s future put in question
A recent decision by the British Columbia Supreme Court has placed Pioneer Metals (TSE) a step closer to bankruptcy. The ruling held that Pioneer was in breach of a covenant on its Nov. 10, 1988, loan…
News
Commodity index follows flat trend
The all-commodity price index of Scotiabank dropped slightly in May, continuing a largely flat trend. Gains in the metals and minerals sub-index offset declines in the three other sub-indices. The all…
New zone uncovered at Jualin project
Winter drilling on the Jualin property located near Juneau, Alaska, has identified a new zone of intensely silicified, pyritic, quartz veined stockwork diorite containing sphalerite and free gold. Pla…
Last bauxite mines closed in U.S.
The last operating bauxite mines in the United States have been closed by Alcoa after 91 years of operation. The mines, situated near Little Rock, Ark., are adjacent to Alcoa’s Arkansas operations whi…
First Toronto meets with banker
Discussions are continuing between First Toronto Mining (TSE) and its principal banker concerning a restructuring of the company’s outstanding debt. First Toronto’s main subsidiary, Walhalla Mining, h…
Alberta Stock Exchange Indigo in option deal
An option to earn a 50% interest in the New 3, New 4 and Joy 12 claims in the Iskut gold camp of northwestern British Columbia has been acquired by Indigo Gold Mines from VSE-listed International Pris…
Montreal Exchange Aur, Louvem talking
The market took a turn for the better during the holiday-shortened week ended July 3. The mining and minerals index showed a gain of more than 65 points and the general market portfolio index jumped b…
EDITORIAL The clash of Titans
From the mucker to the mine manager, from the shift boss to the chief executive officer, there are probably more dynamic individuals in the mining business than any other. The industry is in the busin…
Toronto Stock Exchange Indices (July 09, 1990)
July 3 July 2 June 29 June 28 June 27 HIGH LOW Composite “300” 3559.90 Holiday 3543.93 3529.92 3519.28 4009.47 3334.1 Metals & Minerals 3262.24 Holiday 3208.54 3185.97 3164.61 3453.06 2850.84 Integrat…
NEWS IN BRIEF Goldbrae Developments Ltd.
Goldbrae Developments Ltd. (GOB:VSE) has changed its name to New Goldbrae Developments Ltd (NGG:VSE) and consolidated on a 1-new-for-5-old basis. Montreal Trust is the transfer agent.
Blue Dog drilling confirms good values
Associated companies Gold Canyon Resources (VSE) and Bradner Resources (VSE) continue to report encouraging results from drilling on the Adit zone at the Blue Dog property in Washington Cty., Idaho. T…
Rea options copper prospect
A copper prospect 12 miles north of the producing Samatosum mine near Kamloops, B.C., was recently optioned by Rea Gold (TSE). Rea can earn a 100% interest in the 4,100-acre property by paying $200,00…