BP, Lysander in joint venture
A final and formal joint venture agreement was recently signed by BP Resources (TSE) and Lysander Gold (VSE) for ongoing exploration of the Cat Mountain project, north of Prince George, B.C. Cat Mount…
News
Toronto Stock Exchange Gold equities weaken as bullion price slumps
Trading activity remained in a sluggish trend during the week ended June 12 as falling gold prices and a shaky economy continued to put a damper on investor enthusiasm. The gold and silver index took …
ASARCO to develop Frasergold
A Canadian subsidiary of ASARCO (NYSE) recently entered into an agreement to earn a 50% interest in Eureka Resources’ (VSE) Frasergold property in central British Columbia. Under its terms, ASARCO is …
Bridger commissions Chilean mine
Bridger Resources (VSE) reported a reduction in gold production at the new La Pepa mine near Copiapo, Chile, because of mechanical problems during the startup phase of operations. The mine is operated…
U.S.REPORT Uranerz drilling hits on Jascan’s Dawson bet
High-grade gold assays have been reported by Jascan Resources (TSE) from recent drilling by Uranerz on its Dawson gold property, four miles west of Canon City, Colo. Uranerz, a subsidiary of Uranerzbe…
Mazarin negotiates graphite sales
An agreement covering the sales and distribution of graphite in central Europe has been announced by Societe d’Exploration Miniere Mazarin (ME). The junior is developing a flake graphite property near…
IOCC GOLD OPTIONS (June 18, 1990)
Options Open Series Volume Last Interest Aug. 360 C 201 10.50 152 Aug. 370 C 154 6.00 369 Aug. 380 C 128 3.40 864 Aug. 400 C 250 1.00 1,838 Nov. 370 C 102 12.00 163 Nov. 380 C 127 8.00 311 Nov. 400 C …
Hendrick determined to change mining’s bad image
Improving mining’s public image will be the challenge Keith Hendrick faces as he steps in as chairman of the Mining Association of Canada this month. “Mining is the foundation of the Canadian economy….
Falconbridge seeks silica for Kidd Creek copper smelter
Companies with silica deposits or stock piles of silicious ore within 100 km of Timmins could find a market for that material at Falconbridge which is currently seeking silica to use as flux at its co…
Starrex maintains strong cash position
Last year’s closure of the Star Lake gold mine in northern Saskatchewan was reflected in the 1989 financial results of Starrex Mining (TSE). The company, which holds a 35% interest in the Star Lake mi…
Terra board shuffle, part of revival plan
As part of an attempt to recover from a $7.9-million loss in 1989 and a writedown in the value of a Mexican affiliate, Edmonton-based Terra Mines (TSE) recently announced some boardroom changes. Forme…
Storimin leaves Moss Lake in `good hands’
Recent results indicate that the Moss Lake project, 70 miles west of Thunder Bay, Ont., has the potential to become a large-tonnage, low- grade open pit gold-copper-silver operation. The project was o…