Editorial Business in the USSR
The more open attitude toward foreign investment in the Soviet Union provides some interesting opportunities, and where there are opportunities, you’ll find Canadian mining companies. One of Canada’s …
News
Northfield completes private placements (January 08, 1990)
Toronto-based Northfield Minerals (ASE) says a private placement of 250,000 common shares to affiliate Northfield Capital (COATS) was completed recently. According to Northfield Minerals, it has raise…
Sale of Philippine project postponed
An agreement between Galactic Resources (TSE) and an undisclosed major international mining company for the sale of 75% of Galactic’s stake in Far Southeast Gold Resources is on hold. Galactic had pla…
Aur executive cashes in on Val d’Or metal find
One of the ways in which mining companies attempt to motivate and reward their key employees is to grant them options to purchase a specific number of shares at a specified price. Typically, if the co…
Kokanee explores in B.C.
Kokanee Explorations (VSE) is carrying out an exploration program on its Vine property 16 km from Cranbrook, B.C. Held under option from Cominco (TSE), the Vine property’s geology is considered analog…
Editorial Ontario must address power shortage
Already this winter Falconbridge has suffered power shortages at its Sudbury operations for 14-hour stretches on several consecutive days — a total of 110 hours in December alone. The demand for powe…
Aur resumes drilling at Louvicourt project
Surface drilling has resumed at the massive sulphide project of Aur Resources (TSE) and Societe Miniere Louvem (TSE) after a short Christmas break, says Aur Vice- President Howard Stockford. Operator …
Positive results for Thunderwood
A feasibility study is expected to get under way this spring at Thunderwood Resources’ (TSE) wholly owned Gold Hawk property in the Val d’Or area of Quebec, where the first gold bar was poured recentl…
News in Brief (January 08, 1990)
Asitka Resource Corp. has changed its name to Orenda Forest Products Ltd. (OFP:VSE) on a share-for-share basis. Transfer agent is Montreal Trust.
Metal Prices PRODUCER PRICES (January 08, 1990)
ALUMINUM: MW U.S. Market US72.50 cents – 74.00 cents per lb. (Dec 21, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Noranda’s Bourlamaque bet optioned by Kingswood Exp.
Noranda Exploration, a unit of Toronto-based Noranda (TSE), is teaming up with Kingswood Explorations (ASE) to look for deep massive sulphides on a group of claims in Bourlamaque Twp., east of Val d’O…
Toronto Stock Exchange Fall below $400, weak gold prices spark
The deteriorating gold situation gained steam today, Jan. 3, as bullion prices collapsed below the critical US$400-mark to US$395 per oz. on the second London fix. After reaching a high of $418 just w…