Eastmaque and major shareholder at odds
An apparent falling out over the conversion of its preferred shares into common shares has Eastmaque Gold Mines (TSE) at odds with its major shareholder, VenturesTrident. VenturesTrident filed a lawsu…
1990
PEOPLE ZICTON GOLD
Boyce Butler appointed president succeeding John Hilton who resigned. Butler was also appointed a director.
Ontario court awards Brookbank gold bet to Ontex
Toronto-based Ontex Resources (ASE) has emerged as the winner in a bitter legal dispute with Metalore Resources (TSE) and George Chilian over control of the Brookbank gold property in northern Ontario…
B.C. stalls Eskay mining lease until land title question settled
The battle for control of the Eskay Creek deposit north of Stewart, B.C., is no longer confined to two majors vying to develop what is expected to become one of the province’s richest and highest-grad…
OBITUARY Forbes Wilson
Forbes Wilson, a noted mining engineer and explorationist, died recently in York, Me., his home town. He was 80. In 1931, Wilson started his career in Chile. He then worked in South Africa and other p…
U.S.REPORT Best grades yet at Great Lakes project
Great Lakes Minerals (TSE) has just received the best assays yet from their copper project on the Keeweenaw Peninsula in northern Michigan. Hole 9, drilled on the 543-S deposit, intersected 41.7 ft. g…
Central Crude plans $7.7 million financing
Through two private placements totalling 700,000 units, Central Crude (TSE) expects to raise $7.7 million for continued exploration on its Eagle River and Moss Lake gold properties in northern Ontario…
Metal Prices FUTURES PRICES (December 17, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 110.00 109.00 109.70 — 3.25 Jan 109.55 108.90 109.50 — 1.00 Feb 109.30 108.50 109.30 0.10 SILVER (in US cen…
New FMC operation for sodium cyanide
Production of sodium cyanide at a new Wyoming plant was started up by FMC Corp. in November. Size of the Chicago company’s plant is 60 million lb. of the product per year. Cyanide is used in the milli…
Company to provide ore-testing service
A new ore-testing business, Applied Ore Testing Inc., opened its doors Nov. 1 at Oakville, Ont., just west of Toronto. The operation consists of a metallurgical laboratory and pilot plant. President J…
LETTERS TO THE EDITOR B.C.’s decision on Eskay claims worries
I was disappointed with the British Columbia Ministry of Energy, Mines and Petroleum Resource’s decision to recommend cancellation of seven of nine Eskay Creek claims held by Eurus Resources (T.N.M., …
Montreal Exchange Messeguay is active
Trading continued to move forward, with the market portfolio ahead by almost 6 points for our report period, and the mining and minerals index up almost 17 points. Daily trading activity ranged betwee…