Asarco installing recovery facility
A new facility to recover silver and gold will be installed at the lead refinery of Asarco Inc. at Omaha, Neb., the company reports. The state-of-the-art precious metals facility will replace an exist…
News
Metal Prices PRODUCER PRICES (April 17, 1989)
ALUMINUM: MW U.S. Market US93.50- 97.00 cents per lb. (Apr 6, 1989). ANTIMONY: New York dealer 99 cents -$1.01(US) per lb. (Apr 6, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989)….
Varna increases stake in Tilt Cove
Varna Gold (ASE) has signed an agreement allowing it to buy the remaining 30% interest in the Tilt Cove property on Newfoundland’s Baie Verte Peninsula. The interest will be acquired from Gingrich Exp…
Jonpol and T & H in share exchange
Associated juniors Jonpol Explorations (TSE) and T & H Resources (TSE) have agreed in principal to exchange 1.5 million common shares, the companies report. The exchange is subject to shareholder appr…
Letter to the Editor Will the court decide?
Can you explain the withholding of a verdict, or finding in the Corona versus Lac case by the Supreme Court of Canada? I would expect Canadian firms have a right to a speedy “trial” as they do in the …
Eiffel Tower coin
A 5-franc Eiffel Tower coin is being minted in both gold and silver by the Monnaie de Paris to commemorate the 100th anniversary of the popular French tourist attraction. The Eiffel Tower coin will be…
Nova-Cogesco funding
Nova-Cogesco Resources (TSE) issued 304,988 flow-through shares at 91 cents each to Somicom 1988 and Co., Limited Partnership as per its May, 1988, agreement, the company reports. Funds worth $277,539…
PDAC responds to proposed Ontario Mining Act changes
Proving significant deposits exist should not be required to retain title on a mining claim says the Prospectors and Developers Association of Canada. “Work proves mines,” says the association in its …
Placer, Currie Rose make gold discovery
A new gold discovery has been made by Placer Dome Inc. (TSE) and Currie Rose Resources (VSE) on their 10,000-acre property near Laonil Lake, northeast of La Ronge, Sask. The discovery was made after P…
Corona asks court to halt Goldcorp bid for Dickenson
A motion by Corona Corp. (TSE) seeking an interim injunction to prevent a takeover by another firm of Dickenson Mines (TSE) and Kam-Kotia Mines (TSE) was to be heard April 13 and 14 in a Toronto court…
Alberta Stock Exchange Baslen active (April 17, 1989)
A group of Texas brokers recently took a tour of International Baslen’s Laduboro/Montreal Trust gold property in the heart of Val d’Or, Que, where a $300,000 drill program is under way. While Baslen T…
Callahan takes option on Kirkland Lake bet
Callahan Mining Corp. has acquired an option to earn a 50% interest in a gold prospect south of Kirkland Lake, Ont. Near Boston Creek, the property is being vended by partners Shenandoah Resources (VS…