Aquagold, Granges form joint venture
Exploration on the Noel Paul’s Brook base metal property in central Newfoundland will begin shortly following a joint venture agreement between AquaGold Resources (ASE) and Granges (TSE). Granges can …
News
Kimex, Wabigoon in option deal
A formal agreement has been completed by Kimex Resources (ME) and Wabigoon Resources (COATS) which gives Kimex the option to earn a 50% interest in Wabigoon’s Hunter gold property in Whitney Twp., nea…
Future uncertain for Durham with antimony mine shut down
The current outlook for Landmark Corp. (TSE) is “uncertain at best,” says Ronald Coleman, president and CEO, pointing out that junior mining companies are experiencing tough times. “But we hope we’re …
U.S.REPORT Cash infusion boosts Plexus’ outlook
At first glance, the balance sheet of Plexus Resources (TSE) as of March 31, 1990, would give most investors an itchy trigger finger. At that time, working capital was a negative US$4.7 million while …
Platinova, Corona extend Skaergaard horizon in Greenland
Recent drilling at the Skaergaard prospect on the east coast of Greenland has extended the length of the gold-platinum group metals layer discovered last year by Platinova Resources (TSE) and Corona (…
Akiko-Lori funding three drill programs
Three exploration drill programs are being funded this summer by Vancouver-based Akiko-Lori Gold Resources (VSE) on separate prospects in northern Ontario and British Columbia. Drilling has already st…
Toronto Stock Exchange Indices (June 25, 1990)
June 19 June 18 June 15 June 14 June 13 HIGH LOW Composite “300” 3529.05 3519.85 3569.09 3577.11 3605.71 4009.47 3334.13 Metals & Minerals 3181.04 3183.21 3217.65 3229.20 3250.72 3453.06 2850.84 Integ…
Mazarin negotiates second sales deal
A second agreement covering the overseas sales and distribution of graphite has been signed by Societe d’Exploration Miniere Mazarin (ME). Nichimen Canada, a wholly owned subsidiary of Nichimen Corp. …
BRIEFS Ram drilling
Ram Petroleums (TSE) has completed 2,000 ft. of drilling at its wholly owned wollastonite property in Olden Twp. in eastern Ontario. President R.J. Opekar said results from eight holes indicate a zone…
Spirit Lake names a new president
A new president has been named for junior Spirit Lake Explorations (ME). Noble Harbinson has taken over the top post from John Hansuld, who will remain on the board of directors. Spirit Lake is expect…
U.S.REPORT Hecla earnings
Earnings for the first quarter ended March 31 for Hecla Mining (NYSE) were US$4.6 million compared with a loss of US$2.5 million in the corresponding year-earlier period. The improvement in results wa…
4 EDITORIAL PAGE Busting out in British Columbia
Those in the mining business in 1990 would do well to heed the advice of American journalist Horace Greeley, who was inspired by John Babsone Lane Soule’s words: “Go west, young man.” Today, the futur…