1990

Louvicourt Twp. find spurs area drilling activity

The discovery of a large copper- zinc massive sulphide deposit in Louvicourt Twp. east of Val d’Or, Que., by Aur Resources (TSE) and Societe Miniere Louvem (TSE) leaves one to wonder if similar finds …


Funding for Ontex lawsuit approved

Financing in the form of a $2,184,000 private placement has been approved by the directors of Ontex Resources (ASE). The placement consists of 2.4 million common shares priced at 91 cents per share. T…



Sikaman uncovers wollastonite deposit

Extensive wollastonite mineralization has recently been identified in the Tonopah district of Nevada. According to Sikaman Gold Resources (TSE), the wollastonite mineralization meets industrial standa…



Ontario’s northwest leads way in gold production

Northwestern Ontario residents often feel geographically isolated from the rest of the province. But they are in no way immune from the economic effects of provincial, national and international activ…


Budget for New World

A budget of US$5.9 million has been set for the 1990 development program on the promising New World property, a gold-silver-copper prospect owned by Crown Butte Resources (VSE). The budget for develop…



Hecla negotiating deal for large yttrium deposit

Active across Canada, Hecla Mining Co. of Canada continues to seek out attractive mineral properties for exploration and development. In Quebec-Labrador, Hecla Canada is working out the final arrangem…


Euro-Nevada has profit during 9-month period

Toronto-based Euro-Nevada Mining (TSE) reported a net profit of $665,000 or 6 cents per share for the nine months ended Dec 31, compared with $583,000 or 6 cents per share during the same period last …


Slight increase in Cambior earnings

Net earnings of $17.7 million (73 cents per share) were reported by Cambior (TSE) for 1989 on revenue of $116.9 million, compared with $17.4 million (74 cents per share) on revenue of $109.9 million t…



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