Amalgamation creates Cons. Abitibi Res.
Shareholders of three related companies in northwestern Quebec have approved the amalgamation of the companies into one, the new corporation to be known as Consolidated Abitibi Resources. Approval for…
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Jonpol,T & H sinking shaft in Garrison Twp
A $2-million underground exploration program has started on a Garrison Twp., Ont., gold property owned by associated juniors Jonpol Explorations (TSE) and T & H Resources (TSE). John Pollock, presiden…
Giant Yellowknife selling Ross mine
The producing Ross mine in Hislop Twp. west of Timmins in northern Ontario is being sold by Giant Yellowknife Mines (TSE) to a private company. The buyer is Preston Electrical & Mechanical Ltd. of Tim…
Montana silver project owes its prospects to persistence
From a speech by Frank Duval, President of Montana Reserves Co., at the Montana Mining Association’s centennial convention. Big miners move mountains of ore and mountains of money, but they don’t make…
Empire gold project dispute settled
A legal dispute that has stymied development of the Empire gold project of Nevada Goldfields (NASDAQ) and Clear Creek Resources has been settled. The two companies initiated the suit against Marquette…
Metal Prices PRODUCER PRICES (June 19, 1989)
ALUMINUM: MW U.S. Market US89.00 cents – 95.00 cents per lb. (June 8, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (June 8, 1989). BISMUTH: New York dealer $6.10-$6.25(US) per lb. (June 8…
Nerco DeLamar to joint venture War Eagle claims
Last year’s market high-flyer, War Eagle Mining (VSE), has bounced back on the mining scene with a joint venture agreement in hand for the exploration and development of its War Eagle Mountain propert…
Alberta Stock Exchange Siam gets Thai bet
Signs of a slowing Canadian economy seem to be offering little incentive for investors to come forward and speculate on resource issues. Predictably, volumes were low and losers tended to outnumbered …
Montreal Exchange Aur, Louvem find
A fairly quiet market was given a shot in the arm by the announcement of the discovery of a copper- zinc-silver-gold massive sulphide deposit on property in Louvicourt Twp. east of Val d’Or, Que. Aur …
Intl Platinum continues search for PGM deposits
Nearly $2.5 million could be spent this year on the search for platinum group metals (PGMs) by Toronto-based junior International Platinum Corp. (TSE). The company has been conducting exploration for …
Industry embraces CEIP, companies seek grants
Industry’s initial skepticism about the federal government’s Canadian Exploration Incentive Program (CEIP) has faded and companies are now prepared to use the program effectively, Peter McLean, CEIP’s…
Seeking good management is crucial to investment success
From a speech by William Trebilcock at the Prospectors & Developers Association of Canada 1989 annual convention. I work for Van Eck Management, a money management firm specializing in mining investme…