U.S. REPORT Galactic revises Cornucopia deal
The proposed business combination between Galactic Resources (TSE) and Cornucopia Resources (TSE) has been revised. The new proposal would have Cornucopia shareholders exchange their shares for 0.55 s…
News
Brookbank lawsuit one of three facing Metalore
Shareholders of Metalore Resources (TSE) presented some difficult questions to President George Chilian at the company’s recent annual meeting in Toronto. They were looking for some straight answers a…
U.S. REPORT Westpride outlines skarn mineralization on Arizona
Recent drilling on the Middlemarch property owned by West Pride Industries (VSE) has intersected skarn mineralization which the company believes could extend for hundreds of feet on the Arizona proper…
PRODUCER PRICES (September 10, 1990)
ALUMINUM: MW U.S. Market US81.00- 83.00 cents per lb. (Aug. 30, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.00 per lb. (Aug. 30, 1990). C…
OBITUARY (September 10, 1990)
George Webber, longtime employee of the Hollinger gold mine in Timmins, Ont., died recently in Georgetown, Ont. He was 89. Born in London, England, he came to Canada in the early 1920s. Webber initial…
Tenajon reports SB drill results
Assay results were released by Tenajon Resources (VSE) from several holes previously reported to have intersected visible gold on the SB property, north of Stewart, B.C. The drilling was part of a rec…
Montreal Exchange Goldex- Ormico program
A softening gold price, the result of quieter times in the Persian Gulf, seemed to spur the stock market. The general market portfolio index, while still off, was down by only 3.5 points for the week …
Noranda increases stake in Louvem
While negotiations continue between Societe Miniere Louvem (TSE) and Noranda Minerals over a major share purchase by the latter in Louvem, Noranda has gone ahead with a small stock acquisition. Norand…
Minnova tests new target on Chu Chua
For the past several years, Minnova (TSE) has been exploring the Chu Chua property not far from its 70% owned Samatosum polymetallic mine near Barriere, B.C. It has the right to earn a 50% interest in…
PDAC participates in national geoscience mapping program
Earlier this year, the Geological Survey of Canada (GSC) announced a series of program enhancements and new directions. Included was the proposed National Geoscience Mapping Program (NATMAP). The prog…
Development continuing at Francoeur mine despite mining halt
At Rouyn Mining Resources’ (TSE, ME) Francoeur mine, the focus has shifted from mining to reserve development. Mining was stopped in late June because it was too costly. According to President Jean-Gu…
FUTURES PRICES (September 10, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sept 129.00 127.85 128.10 — 0.70 Oct 128.10 127.40 126.90 — 0.30 Nov — — 125.40 + 0.40 SILVER (in US cents pe…