I am writing this letter primarily on behalf of independent prospectors who find it difficult to assess properly their discoveries with the limited assistance from Ontario’s Ministry of Mines in the f…
Financing in the form of a $2,184,000 private placement has been approved by the directors of Ontex Resources (ASE). The placement consists of 2.4 million common shares priced at 91 cents per share. T…
Toronto-based Falconbridge Gold (TSE) succeeded in increasing its gold output in 1989 even though the company is no longer mining ore from its Owl Creek mine, west of Timmins, Ont. The 50.6% owned Fal…
A budget of US$5.9 million has been set for the 1990 development program on the promising New World property, a gold-silver-copper prospect owned by Crown Butte Resources (VSE). The budget for develop…
deposits Last year was an exciting time for new discoveries in British Columbia, and also a year of change for mineral exploration. Junior exploration companies maintained a prominent role on the prov…
Even though base metal prices have softened, the mining industry is in better shape now than it has been for many years, and exploration directed toward polymetallic deposits is still being conducted …
ALUMINUM: MW U.S. Market US67.50- 70.00cents per lb. (Mar. 1, 1990). ANTIMONY: New York dealer US84-86cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADMI…
A record monthly rate of gold production was reported by Eastmaque Gold Mines (TSE) from its American Girl mining joint venture in Imperial Cty., Calif. During the month of January, production reached…
Among all the minerals — and there are literally hundreds of them — gold has long played a unique role. Man’s fascination with gold goes back to the beginnings of recorded history. Although gold is …
In terms of gold production, Placer Dome (TSE) surpassed the 1-millionth-oz. level for the first time ever in 1989. While that’s good news for shareholders, it also means the company has to replace th…
J.G.”Jim” Powley, vice-president of Midland Capital Corp. and a broker well known in Toronto’s mining circles, died suddenly March 4. He had just turned 50. Powley, a professional accountant who becam…
Valentine Gold Corp. has changed its name to Point Resources Ltd. (PTZ:VSE) on a 1-new-for-10-old-share basis. Transfer agent is Central Guaranty Trust Co. NA6…
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