Princeton encouraged by drill program
An exploration program at the Similco copper mine near Princeton, B.C., is turning out “encouraging” results for owner, Princeton Mining (TSE). The company believes the area of exploration north of th…
1990
Kingswood bet fails to impress majors
Drilling results from Kingswood Exploration’s (ASE) Lanoullier- Gaudet project in the Casa-Berardi area of Quebec have failed to impress major mining companies. Of the 15 majors that visited the proje…
Insider Trading Barrick executive profits from sale
Despite the recent drop in gold prices, American Barrick Resources (TSE) Vice-President John Lill was recently able to profit handsomely after exercising an option to buy shares of the Toronto-based p…
Metal Prices FREE MARKET London Metal Exchange (July 02, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 26 June 25 June 22 June 21 June 20 Copper 1445-1450 1460-1462 1481-1483 1465-1467 1460-1463 Lead 493-…
Glimmer focuses on Hislop project
The last three holes of an 18-hole drilling program on Glimmer Resources’ (VSE) Beatty-Hislop property will get under way sometime in July. Noranda (TSE), Glimmer’s joint venture partner, will also pr…
Caribou shaft-sinking begins Breakwater set to buy mine .bBy Peter
As Breakwater Resources (TSE) prepared this week to become owner as well as manager of the Caribou lead/zinc mine 50 km west of here, work crews were getting to grips with many of the problems experie…
Aquagold, Granges form joint venture
Exploration on the Noel Paul’s Brook base metal property in central Newfoundland will begin shortly following a joint venture agreement between AquaGold Resources (ASE) and Granges (TSE). Granges can …
Kimex, Wabigoon in option deal
A formal agreement has been completed by Kimex Resources (ME) and Wabigoon Resources (COATS) which gives Kimex the option to earn a 50% interest in Wabigoon’s Hunter gold property in Whitney Twp., nea…
Future uncertain for Durham with antimony mine shut down
The current outlook for Landmark Corp. (TSE) is “uncertain at best,” says Ronald Coleman, president and CEO, pointing out that junior mining companies are experiencing tough times. “But we hope we’re …
U.S.REPORT Cash infusion boosts Plexus’ outlook
At first glance, the balance sheet of Plexus Resources (TSE) as of March 31, 1990, would give most investors an itchy trigger finger. At that time, working capital was a negative US$4.7 million while …
Platinova, Corona extend Skaergaard horizon in Greenland
Recent drilling at the Skaergaard prospect on the east coast of Greenland has extended the length of the gold-platinum group metals layer discovered last year by Platinova Resources (TSE) and Corona (…
Graphicor options SOQUEM property
An option to earn a 50% interest in the Lac Carmin graphite property near St. Jovite, Que., has been acquired by Exploration Graphicor from SOQUEM, the Quebec Crown- owned mining exploration company. …