Pegasus, Pioneer face off in legal battle
Court dates have been set for several ongoing disputes involving Pioneer Metals (TSE) and Pegasus Gold (TSE). The two companies’ falling-out can be traced back to November, 1988, when Pegasus loaned P…
1990
COATS(over-the-counter) Southern shares fall
Gordon Leliever, president of Southern Arizona Mining and Smelting says that the company will not proceed with previously announced share purchases of Catear Resources and Wydmar Development, two comp…
Canhorn moving into industrial minerals
With working capital of $1.6 million, Toronto-based Canhorn Mining (TSE) is getting out of gold and base metal exploration to concentrate its efforts on industrial minerals such as silica and dolomite…
Redpath wins safety awards
Two awards were recently given to Les Entreprises Minieres Redpath Limitee for safety performance. The Secoroc Trophy is for the lowest accident frequency (1.2) among mining contractors operating in Q…
Montreal Exchange Heavy Muscocho volume
Volume was light-to-moderate this week but investors seemed to know what they wanted. The general market portfolio index jumped almost 55 points for the week ended May 8, and the mining and minerals i…
After completing an 18-hole drill program on the claims, the
In the Eastmain area of Quebec, Kingswood recently staked 280 claims in addition to the 125 claims it already holds in the vicinity of a copper-zinc-silver showing. Several senior companies have also …
Two new mines boost profit for Minnova in first quarter
Production contributions from the new Ansil and Samatosum mines in the first quarter of 1990 resulted in higher earnings for base metal and gold miner Minnova (TSE). Net income for the quarter increas…
Placer withdraws from Guyana project
Gold producer Placer Dome (TSE) has withdrawn from the Omai gold project in Guyana, South America, Golden Star Resources (TSE) reports. Golden Star says it has retained Wright Engineers of Vancouver t…
U.S.Report Biron Bay busy on U.S. gold bet
Toronto-based Biron Bay Resources (TSE) is planning additional drilling work this year on its Summit gold joint venture with NovaGold Resources (TSE) in the Steeple Rock mining district of New Mexico….
Westminer’s Gays River mill producing zinc concentrates
The mill at Gays River, N.S., is once again producing lead and zinc concentrates under the direction of owner Westminer Canada, the 100% owned affiliate of Australia- based Western Mining. When Westmi…
BOOKS IN REVIEWS Inactive gold projects on the rise
The number of inactive gold projects is on the rise, according to Metals Economics Group’s recent study, Potential New Canadian Gold Production. Ninety-nine Canadian gold projects were in reserves dev…
Alberta Stock Exhange Borealis gains 45 cents
Shares of Borealis Exploration posted a gain of 45 cents to close at $2.05 on volume of 22,500 during the report period ended May 8. Borealis owns several gold and platinum properties at Fat Lake and …