Equinox plans production at Van Stone
Following a detailed evaluation of the Van Stone zinc property, Equinox Resources (TSE) has exercised its option to purchase the property and plans to bring it into production as soon as possible. The…
1990
Corona earns stake in Nevada project
A joint venture between Westley Mines (TSE) and Corona (TSE) will revive exploration efforts on what Westley has described as “the company’s most exciting project.” Corona is earning a 70% interest in…
FUTURES PRICES (April 30, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 124.50 119.00 124.00 + 5.00 May 115.70 111.80 115.50 — 0.75 June 109.50 109.50 112.00 SILVER (in US cents pe…
Goldbelt gains interest in Jascan property
A group of 48 claims about 10 miles northwest of the recent Inco- Vior-Cambior gold discovery in Douay Twp. will be optioned to Goldbelt Mines (VSE) by Jascan Resources (TSE). Goldbelt has the option …
Pelangio claims
Nineteen claims adjacent to the Detour Lake mine of Placer Dome Inc. in northeastern Ontario were recently acquired by Pelangio- Larder Mines (COATS). President Maurice Hibbard said previous drilling …
PRODUCER PRICES (April 30, 1990)
ALUMINUM: MW U.S. Market US70.75- 71.75 cents per lb. (Apr. 11, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CA…
Major General pays $12 million for Umex package
In return for 32 Canadian properties and associated assets, Major General Resources (VSE) will pay over $11.7 million to Umex, a unit of Union Miniere of Belgium, but only $250,000 will be in cash. Of…
Black Hawk funding (April 30, 1990)
Black Hawk Mining (TSE) has entered into a $1-million flow- through share financing agreement with CMP 1990 Resource Partnership and Co. Ltd. The share pricing of the issue has yet to be determined. B…
U.S. Report Struggling Bunker Hill reports loss for 1989
Despite strong base metal prices, Bunker Hill Mining (TSE) continues to struggle with losses at its lead-zinc-silver mine near Kellogg, Idaho. The company reported a 1989 loss of US$906,743 on revenue…
ERG suspended from TSE trading
Struggling ERG Resources (TSE) was recently suspended from trading on The Toronto Stock Exchange because, the company says, its current financial condition does not meet the exchange’s requirements. T…
Books in Review MEND reports on sulphide waste control Technical
The reports detail results from projects completed in 1989. “Field sampling manual for reactive sulphide tailings,” a new report prepared by Canect Environmental Control Technologies, gives the method…
Letters to the Editor (April 23, 1990)
I read with interest your editorial “Focus on Canada’s potential” (March 19/90) and the coverage of the Prospectors and Developers Association of Canada’s Latin American push. With the recent push tow…