Montreal Exchange More legal action
Mixed results highlighted a holiday-shortened trading week, with the market portfolio gaining almost 9 pts and the mining and minerals index droppi ng almost 8 pts. Daily volumes were consistent, rang…
1989
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…
Drilling planned for Talbot Lake
Surface stripping and a sampling program at the Talbot Lake gold property in northwestern Ontario have been completed, Golden Crescent Resources (AS E) reports. Owner and operator of the project is Pl…
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…
IOCC GOLD OPTIONS (September 11, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .48011.002,298 Nov 390 C .1353.002,279 Nov 400 C .2731.502,296 Nov 420 C .2650.50 703 Nov 440 C * 69 0.60 861 Feb 370 C * 7314.00 81 Feb 380 C * 5810…
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 …
Cross Lake, Teck in joint venture
Cross Lake Minerals (VSE) and Golden Dragon Resources (VSE) have signed a joint venture agreement with Teck Corp. (TSE) involving the junior comp anies’ Wilhel mina nickel property near Timmins, Ont. …
Selbaie zinc-copper
A 35% interest in the Selbaie zinc-copper mine in Quebec has been purchased by Billiton Metals Canada for an undisclosed sum. The interest was sold by Esso Re sources Canada as part of an effort to …
Pegasus options Comet gold mine
U.S. gold producer Pegasus Gold Corp. (TSE) has secured an option from High River Gold Mines (VSE) to acquire that company’s interest in the Comet mine proper ty in Jefferson Cty., Mont. The project …