Reserves upgraded at Stirling mine
Geological reserves at the Stirling gold mine near Beatty, Nev., are reported by 52% owner Cathedral Gold (TSE) to be the highest ever in the mine’s 10-year operating history. Mine geological staff cu…
News
Latest drilling rekindles interest in Douay project
The three partners in the Douay gold project in Quebec’s Casa Berardi region have reported further encouraging results from the remaining eight holes of a 17-hole drilling program. Operator of the pro…
Equinox plans production at Van Stone
Following a detailed evaluation of the Van Stone zinc property, Equinox Resources (TSE) has exercised its option to purchase the property and plans to bring it into production as soon as possible. The…
Corona earns stake in Nevada project
A joint venture between Westley Mines (TSE) and Corona (TSE) will revive exploration efforts on what Westley has described as “the company’s most exciting project.” Corona is earning a 70% interest in…
FUTURES PRICES (April 30, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 124.50 119.00 124.00 + 5.00 May 115.70 111.80 115.50 — 0.75 June 109.50 109.50 112.00 SILVER (in US cents pe…
Goldbelt gains interest in Jascan property
A group of 48 claims about 10 miles northwest of the recent Inco- Vior-Cambior gold discovery in Douay Twp. will be optioned to Goldbelt Mines (VSE) by Jascan Resources (TSE). Goldbelt has the option …
Pelangio claims
Nineteen claims adjacent to the Detour Lake mine of Placer Dome Inc. in northeastern Ontario were recently acquired by Pelangio- Larder Mines (COATS). President Maurice Hibbard said previous drilling …
PRODUCER PRICES (April 30, 1990)
ALUMINUM: MW U.S. Market US70.75- 71.75 cents per lb. (Apr. 11, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CA…
Major General pays $12 million for Umex package
In return for 32 Canadian properties and associated assets, Major General Resources (VSE) will pay over $11.7 million to Umex, a unit of Union Miniere of Belgium, but only $250,000 will be in cash. Of…
Black Hawk funding (April 30, 1990)
Black Hawk Mining (TSE) has entered into a $1-million flow- through share financing agreement with CMP 1990 Resource Partnership and Co. Ltd. The share pricing of the issue has yet to be determined. B…
U.S. Report Struggling Bunker Hill reports loss for 1989
Despite strong base metal prices, Bunker Hill Mining (TSE) continues to struggle with losses at its lead-zinc-silver mine near Kellogg, Idaho. The company reported a 1989 loss of US$906,743 on revenue…
Bay, St. Genevieve in financing deal
A financing agreement has been entered into by Bay Resources and Services (ASE) with St. Genevieve Resources (TSE) whereby St. Genevieve will spend $150,000 by March 1, 1991, on Bay exploration proper…