Jonpol on track in Garrison Twp
An exploration shaft on Jonpol Explorations’ (TSE) and T & H Resources (TSE) joint venture property in Garrison Twp. in northern Ontario has reached a depth o f 66 ft, President John Pollock told sha…
News
Elders sells Trader stake as board is voted back in
A lengthy legal battle involving management of Trader Resources (TSE) and the company’s biggest shareholder, Elders Resources, appeared to have ended recently when Elders sold its 34% stake in the Tor…
David Bell grades remarkably high
Mill head grades at the David Bell mine, owned 50/50 by Teck Corp. (TSE) and Corona Corp. (TSE), have been nudging a remarkable one ounce of gold per ton of ore for the past two months. Gil Leathley…
Cominco boosts zinc awareness
As one of the world’s largest suppliers of zinc ore and zinc metal, Cominco Ltd. has launched a new campaign to promote zinc awarene ss among Cana dians. The company said a recent survey found that ou…
International meet on biohydromet
An international symposium on biohydrometallurgy, jointly sponsored by the United States Department of Energy and canmet, was staged recently in J ackson Hole, Wy. Some 278 registrants participated fr…
Lencourt seeks financing for African acquisition
Since signing an option agreement to acquire a mining company in Zaire, Africa , Lencourt Ltd (TSE) has been working to complete a due diligence examination of the company’s assets and to arrange the …
Ministers can’t guarantee MDAs
The future of Mineral Development Agreements (MDAs) is far from assured following the 46th annual Mines Ministers conference held here recently. Federal Mines Minister Jake Epp, who co-chaired the con…
INSIDER TRADES (September 11, 1989)
Black Cliff — M. Au sold 189,000 (Aug., private) @ 20 cents to hold 87,500. Brewbac — N. Brewster sold 23,621 (July) @ 10 cents to hold 38,592. Cane — Jonpol bought 40,000 (July) @ 9 cents -10…
Louvem seeking $83 million in damages from partner Aur
Just as they were preparing to go home for the recent Labor Day long weekend, employees at Aur Resources’ (TSE) Val d’Or, Que. exploration office found themse lves facing a law suit from Societe Minie…
METAL PRICES PRODUCER PRICES (September 11, 1989)
ALUMINUM: MW U.S. Market US82.00 cents – 84.00 cents per lb. (Aug 24, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.70-$4.85(US) per lb. (A…
Gold/copper values encourage Fancamp
A copper/gold discovery, which may be related geologically to some of the established producers in the Chibougamau, Que., region, was reported re cently on Fan camp Resources’ (VSE) Lemoine Twp. claim…
Ego drill results spark trading spree
A recent trading spree involving the shares of Ego Resources (TSE) has been attributed by the company to drill results released this week from its BB Lake zin c property in the Northwest Territories….