Mineta options claims to Corona
A joint venture agreement between Mineta Resources (VSE) and Corona (TSE) will give the latter company the right to earn up to a 75% interest in the Golden Loon claims by spending $1.2 million on the …
1990
Correction Tonto
The employer of project superintendent Ron Koebel, who is stationed at the Eskay Creek gold project in northern British Columbia, was incorrectly identified (T.N.M., Aug. 6/90). Koebel works for Tonto…
Spot prices at a glance (August 13, 1990)
Week’s Price (US) Change Gold* $384.75 + $13.65 Silver* $4.87 + $0.06 Platinum* $479.65 — $5.50 Nickel** $4.99 + $0.36 Lead** $0.40 + $0.01 Copper- $1.32 + $0.03 Zinc $0.75 + $0.05 Courtesy of Scotia…
Merchant banker faces Utah court
The managing director of British merchant banker Samuel Montagu & Co. is being cross-examined this week in the Utah Federal Court in Salt Lake City by lawyers representing Utah exploration company Gol…
U.S. REPORT Asarco building new SX-EW plant
At a capital cost of US$54 million, Asarco (NYSE) says it plans to build a new solvent extraction- electrowinning (SX-EW) plant at its Silver Bell mine in Arizona. The new facility, which should be co…
U.S. lifts ban on Soviet nickel exports
The U.S. will begin to import nickel from the Soviet Union, following an agreement between the two countries to end a 7-year-old ban. The agreement, effective June 28, allows the Soviet Union to expor…
Production imminent at Goldpost’s Hislop
The Hislop East gold prospect in the Timmins-Matheson area of northern Ontario is inching closer to production as partners St Andrew Goldfields (TSE) and Goldpost Resources (TSE) forgo a final bulk sa…
Hard-pressed juniors try new business ventures
The demise of flow-through financing has been particularly damning for junior resource companies that trade on the over-the- counter exchange in Ontario. In the past six months, several juniors have t…
Eden Roc funding
Toronto-based Eden Roc Mineral (ASE) has raised a total of $300,000 by way of a private placement to a European institutional investor. The placement involved 600,000 shares at a price of 50 cents per…
Fluor sells iron ore unit
International engineering and construction firm Fluor Corp. of Irvine, Calif., has sold its stake in the Pea Ridge Iron Ore Co. to Big River Minerals for nearly $12 million. Based in Sullivan, Miss., …
De Beers strikes deal with Soviets
The new Swiss subsidiary of De Beers Consolidated Mines has swung a deal with the Soviet Union which gives De Beers a 5-year contract to sell the latter’s rough diamond production. Soviet production f…
Alberta Stock Exchange Adrian benefits from rumored results
Over the past six months, shares of Ontex Resources have quietly moved up above the $1.60 level from below $1 in March. During the week ended July 31, Ontex gained 15 cents to close at $1.65. The gain…