Montreal Exchange Agnico reports find
News of a gold discovery near the producing Eagle/Telbel mining project of Agnico-Eagle Mines in the Joutel, Que., area helped shares of the company to jump by $1.25 to $7. The company traded 263,400 …
1990
Siam to mine kaolin deposit in Thailand
Calgary-based Siam Trading (ASE) has signed a joint venture agreement to develop and mine a kaolin deposit situated about 150 km east of Bangkok, Thailand. The company has obtained a 10% working inter…
Corona C shares
Burns Fry has announced that it owns or has control over 459,200 convertible first preference C shares of Corona (TSE), representing about 16% of Corona’s outstanding C shares. The securities firm say…
Shearson rules out big slump for metals
The continuing Persian Gulf oil crisis may have dimmed prospects for lead and zinc, but a repeat of the 1974-75 and 1979-82 periods, when prices fell sharply and then remained depressed for a number o…
Agnico makes find half-mile west of Eagle gold mines
A new discovery located 2,600 ft. west of the Eagle shaft and on claims wholly owned by AgnicoEagle Mines (TSE) has recently been announced by the company. The extensive landholdings in Joutel Twp., Q…
Chibougamau settlement imminent
An agreement to end a 6-month lockout at Westminer Canada, Chibougamau, Que., copper-gold mines is likely to be signed within the next week, according to Tony Owens, vice-president of operations. He s…
Merrill to act as agent for Poco sale
Merrill Lynch Canada will act as financial adviser and agent in connection with Corona’s (TSE) planned sale of its oil and gas holdings in Poco Petroleums and Avalon Corp. Last month, Corona announced…
New group set to raise $1 m for Baslen exploration plan
A group of businessmen gathered in a downtown Toronto hotel room recently to discuss the future prospects for junior exploration company International Baslen Enterprises (ASE). The informal meeting wa…
Drilling expands potential of New World project
Drilling success on the New World property this year has Crown Butte Resources (TSE) predicting a substantial increase in reserves from those reported at the end of the 1989 program. Recent drilling a…
EDITORIAL PAGE Staking rush, or facsimile thereof
The last of Ontario’s great races from claim staking to the mining recorder’s office turned out to be little more than a race to the telephone. The biggest problem was finding a telephone. When 2,400 …
Forbex agreement
A preliminary agreement has been reached between Ressources Miniere Forbex (ME) and Minnova (TSE) regarding the optioning of property in Beauchastel Twp., near Rouyn-Noranda, Que. The agreement will g…
Avondale, Gulf report assays
Underground drilling of the AK zone on the Inel project in the Iskut River area of northwestern British Columbia is returning mixed results for partners Avondale Resources (VSE) and Gulf International…