News


Amax amends Coral deal

It appears that Amax Gold (TSE) is prepared to continue with a second phase exploration program on the Robertson gold property, owned by Coral Gold (TSE) in northern Nevada. The two companies reached …


PRODUCER PRICES (October 08, 1990)

ALUMINUM: MW U.S. Market US92.00- 95.00 cents per lb. (Sep. 20, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…


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…



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 …



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…


EDITORIAL Exploration is heading south

The climate for mineral exploration in Canada has become so oppressive that a great many companies are now looking beyond our borders for opportunities. The following quotation, taken from the 1990 an…


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…


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