1990

Exploration Orex (ME) is weeks away from completing a bankable feasibility study on the Goldboro property in Nova Scotia. The company is seeking about $50 million from a major bank to construct a test…

Through a cash payment of US$5 million, Battle Mountain Gold (NYSE) has obtained an option to acquire a 51% interest in the Crown Jewel property owned by Crown Resources (VSE) in Washington State. Bat…

Bonanza Metals (ASE) says it has intersected some encouraging new sulphide horizons during recent drilling on the western half of its Poirier zinc-copper property near Joutel, Que. Forbex Resources (M…

Theo Parr, retired vice-president and director of Ingersoll-Rand Canada, died in Cuernavaca, Mexico, March 7. He was 84. Throughout his career, Parr actively promoted the sale of indus0000,0600 trial …

While in the midst of expanding its Joe Mann gold copper mine in Chibougamau, Que., Campbell Resources (TSE) earned a small profit for the year ended Dec. 31. In 1989, the Toronto-based affiliate of N…

Results from a recently completed humus sampling program on a claim group near Red Lake, Ont., have revealed strongly anomalous gold values, says property owner Laverty Red Lake Resources (COATS). The…

Production financing has been finalized for the Oracle Ridge project owned by South Atlantic Ventures (VSE). Total funding for the project is estimated at US$6 million for mill construction plus US$1 …

The declining price of gold seemed to have little or no effect on resource issues during the week ended March 20. Moving the other way, the exchange’s mining and minerals index jumped almost 56 points…

ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 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). CAD…

Drilling has started at the Hyland Gold property, 44 miles northeast of Watson Lake, Y.T. The property is a joint venture operated and 40% owned by Silverquest Resources (VSE) with the remaining 60% s…

I would like to say how much I enjoyed your 75th-year anniversary issue. I especially enjoyed Noble Harbinson’s comments regarding the cancellation years ago of the 3-year tax-free period for new mine…

Confused investors opted to remain on the sidelines today, March 21, as they waited for more definite signs of what the immediate future holds for the economy. As a result, volumes were generally low …