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…
News
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…
Montreal Exchange: Volume slackens
Investors shied away from the market during the holiday-shortened week ended April 17; daily trading volumes ranged between a puny 3.1 million and 5.2 million shares. Key indicators showed a negative …
Barringer, Accurassay combine assay services
Two assaying companies, Barringer Laboratories and Accurassay Laboratories, have merged their services to create one continent-wide organization. Barringer has several labs in mining centres across No…
FUTURES PRICES; New contract at David Bell hikes wages by 22%
Management and union workers at the David Bell Mine at Hemlo, Ont., have signed a 3-year contract agreement that will increase wages by about 22%. The agreement, approved by 80% of local 9165 of the U…