Alberta Stock Exchange Ontex up 15 cents
A new reserve estimate of 1.4 million tons grading 0.26 oz. gold per ton for the Brookbank deposit in northern Ontario gave shares of Ontex Resources a 15 cents boost to $2.10 during the week ended Oc…
1990
Goodman eases Corona load
Planning to focus more closely on his new investment firm, Dundee Capital, Corona Chairman Ned Goodman has reduced his involvement in Corona (TSE), leaving more room for Peter Steen, Corona’s presiden…
Royal Oak’s Pamour acquisition delayed
Giant Resources of Australia has agreed to extend the closing of Royal Oak Resources’ (TSE) acquisition of a controlling interest in the Pamour (TSE) group of companies. Royal Oak says it now expects …
Widths disappointing, but Goodfish structure better understood
Although unable to duplicate the results of last winter’s discovery hole, International Platinum (TSE) says a recent 6-hole program has helped to define the complex nature of mineralization on the Goo…
Athena, Placer make Talapoosa deal
It has taken longer than expected, but Athena Gold (VSE) finally has a definitive joint venture agreement with a unit of Placer Dome (TSE) for further exploration and development of its 19-square-mile…
Newfoundland hosts open house
The Newfoundland Department of Mines and Energy will host its 1990 open house at St. John’s, Nfld., Nov. 1. It will include a morning session on the department’s various activities and on mineral expl…
Johnson mine begins commercial output
The Johnson Camp copper mine near Benson, Ariz., has reached commercial production and will be operating at full capacity by mid- October, says owner Arimetco International (TSE). Ore from the mine is…
Macassa mine on record run
The Macassa mine near Kirkland Lake, Ont., will see gold production increase by about 18% this year because of higher than expected ore grades and mill throughput. A spokesman for owner LAC Minerals s…
NEWS IN BRIEF Falconbridge Ltd.
Falconbridge Ltd. (FL:TSE), in Onaping, Ont., is to develop a computer system which may improve productivity and efficiency in underground mines. Under a $158,000 contract with CANMET, Falconbridge is…
Wilson explanation ovrlooks key information
Throughout the summer months the Prospectors and Developers Association of Canada conducted a national campaign designed to inform provincial and federal MPs of the dangerous situation into which Cana…
Spot prices at a glance (October 08, 1990)
Week’s Price (US) Change Gold* $389.85 — $11.90 Silver* $4.69 — $0.14 Platinum* $444.00 — $7.85 Nickel** $4.34 — $0.52 Lead** $0.34 — $0.02 Copper- $1.28 + $0.01 Zinc– $0.61 — $0.04 Courtesy of…
NEWS IN BRIEF Canadian-United Minerals
Canadian-United Minerals, Inc. (CUN:VSE) has changed its name to Mansfield Minerals Inc. (MDR:VSE) on a 1-new-for-5-old- share basis. One third of the company’s interest in its Come Mountain property …