Pezim hearing adjourned until summer
Murray Pezim and several directors of his flagship company, Prime Resources Group (VSE), will have until early July to prepare for a hearing before the British Columbia Securities Commission. Pezim, J…
News
Books in Review MEND reports on sulphide waste control Technical
The reports detail results from projects completed in 1989. “Field sampling manual for reactive sulphide tailings,” a new report prepared by Canect Environmental Control Technologies, gives the method…
Acadia takes option on Bachelor Lake
Having already worked together on a Nova Scotia gold project, Acadia Mineral Ventures (TSE) and Hecla Mining of Canada are teaming up to explore the Bachelor Lake Mines’ (TSE) gold property at Desmara…
Ojibway staking
Ressources Ojibway (ME) reports the staking of 17 claims in Leonard Twp. in the Timiskaming area of northeastern Ontario. Mineralization containing silver, cobalt and nickel has in the past been ident…
Exploration started at High Frontier bet
Exploration has begun at a number of Val d’Or, Que., properties optioned recently by Vancouver- based High Frontier Resources (VSE) from Beaufield Resources (TSE). High Frontier has 13 claim groups, o…
Perpetual acquires minority interests
Minority ownerships in six juniors have been acquired by Perpetual Growth Fund — VII, which recently took over the assets of the NIM 1989 partnership fund. Perpetual says it holds more than 10% of th…
Redfern nets $690,000 placement
A previously announced private placement of 200,000 flow-through shares by Redfern Resources (TSE) has been completed. The shares, issued at $3.45 each, netted the company $690,000 that will be used t…
PRODUCER PRICES (April 23, 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…
Inco shareholders nix secret ballot proposal
Inco (TSE) shareholders have rejected a proposal to establish confidential voting procedures at company meetings. The proposal, presented by investment adviser Allenvest Group at Inco’s annual meeting…
Marshall ups stake in Eden Roc to 67%
In return for $1.4 million, Marshall Minerals (ASE) has acquired seven million shares of Eden Roc Mineral (ASE). As a result of the private placement, Marshall now owns a 67% stake in Eden Roc on an u…
Fleck believes Dunka feasible
An in-house after-tax cash flow assessment by Fleck Resources (VSE) on the company’s Dunka Road deposit in Minnesota estimates a return of 15.9% on invested capital. The Dunka Road deposit was acquire…
U.S. Report Win-Eldrich options Ashdown for $2 million
The Ashdown property in northern Nevada, where proven and probable reserves stand at 1.12 million tons averaging 0.09 oz. gold per ton, has been optioned by Win- Eldrich Mines (TSE) to Billiton Minera…