Holmer acquiring Chevron interest
Holmer Gold Mines has agreed to acquire Chevron Minerals’ interest in the Bristol Twp. gold property near Timmins, Ont., for 400,000 shares of Holmer. The agreement is subject to regulatory approval. …
News
Vancouver Stock Exchange Goldbelt plans exploration work
The VSE resource and composite indices remained little changed over the week ended April 9. The resource index posted a 4-point drop to 570.34 while the composite index remained virtually unchanged at…
High interest rates, low prices make 1990 `a disappointing year”
Any way you look at it, the year 1990 will not be remembered fondly by many Canadian mining companies that have seen their profits plunge in the wake of falling metal prices, high interest rates and r…
Samatosum drilling extends new zone
Underground drilling at the Samatosum mine near Kamloops, B.C., has extended the strike length of the new zone of mineralization to about 50 metres in total. The Samatosum mine is owned 70% by Minnova…
Coventant to merge with El Condor
Exploration budgets totalling about $2.5 million are being planned for a number of projects in British Columbia’s “Golden Triangle” held directly and indirectly by Goldbelt Mines (VSE). Goldbelt and a…
WAMIC plans fiesta day
The Women’s Association of the Mining Industry of Canada (WAMIC) will present its “South of the Border Fiesta” at Sheehan’s farm at Caledon East (northeast of Toronto) on Sept. 7 between 11 a.m. and 6…
BP,Lysander to resume drilling on Cat property
A work program operated by BP Resources Canada (TSE) will begin next month to test a sulphide system with associated copper, gold and arsenic defined on the Cat property last year. The property is nor…
Pioneer settles with Westmin
A tentative agreement between Westmin Resources (TSE) and Pioneer Metals (TSE) calls for Pioneer to transfer to Westmin its 40% interest in the Premier Gold project near Stewart, B.C. In return, Westm…
Mining executives among top earners
A list of Canada’s best paid corporate executives in 1990 would include Chairman Donald Phillips of Inco (TSE) and President Anthony Petrina of Placer Dome (TSE). Information on executive salaries is …
Hecla revises CoCa merger
A merger agreement between Hecla Mining (NYSE) and CoCa Mines (NASDAQ) has been amended in order to establish the number of Hecla common shares to be issued in Hecla’s acquisition of CoCa. The number …
Highland Valley wins safety award
The Highland Valley Copper mine, southwest of Kamloops, B.C., has been recognized for maintaining the highest standard of job safety in a British Columbia mine during 1990. The award was presented by …
Montreal Exchange VSM is active
Active trading marked the week ended April 9, with daily volumes ranging between 4.5 million and 7.6 million shares. The market portfolio was off by almost 9 points on the week, with the mining and mi…