Normetal contract
Normetal Mining Exploration (ME) has signed a milling and smelting contract with Noranda (TSE) for the refining of 70,000 tons of zinc-silver ore, and the purchase of zinc and silver concentrates, by …
News
Louvicourt drilling intersects sulphides
A 48-metre core intersection of massive and disseminated sulphide has been pulled by Louvicourt Gold Mines (COATS) on the northern portion of company property near Val d’Or, Que. Louvicourt, 58% owned…
Franco-Nevada buys Interlake’s Hemlo property
Toronto-based Franco- Nevada Mining (TSE) has acquired what it considers to be a promising long-term prospect to supplement its royalty interest in American Barrick Resources’ (TSE) Goldstrike gold mi…
Goldteck takes Bellview to feasibility
At a recent meeting, directors of Goldteck Mines unanimously approved a decision to advance to feasibility the Bellview gold project in White Pine Cty., Nev. A feasibility study, financed 100% by Gold…
Regal Goldfields options graphite claims from Brex
Regal Goldfields (COATS) has entered into an option agreement with Exploration Brex (ME) to earn a 51% interest in the latter company’s Duhamel graphite property, about 65 miles northeast of Ottawa. T…
Teeshin high grade
The first results from drilling completed last month at Teeshin Resources (VSE) Dome Mountain gold property returned an 8.5-ft. intersection grading one ounce gold per ton and 2.64 oz. silver. The sam…
Rio Algom, Denison both sue over Elliot mine practices
Uranium miners Rio Algom (TSE) and Denison Mines (TSE) are suing each other over mining practices near the borders of their respective properties close to Elliot Lake, Ont. In two separate lawsuits, R…
Mining companies, labor leaders differ on Ontario’s Bill 208
The Ontario government got an explicit message recently when the legislature’s standing committee on resource development rolled into Timmins; mining companies and mining unions aren’t happy with the …
Gold slumps on suggestion IMF sell gold to ease nations’ debt
The volatile price of gold took a turn for the worse recently when the U.S. Treasury Department suggested the International Monetary Fund (IMF) use its gold holdings to help its member nations ease th…
Gold bars poured at Thunderwood bet
Four gold bars were poured recently from material extracted from the Gold Hawk joint venture of Thunderwood Resources (TSE) and Minnova (TSE), near Val d’Or, Que. Weighing in at 1,706 oz., the yellow …
Toronto Stock Exchange Indices (February 12, 1990)
Feb. 6Feb. 5Feb. 2Feb. 1Jan. 31HIGH LOW Composite “300”3769.063767.213719.573709.053704.424009.473707.00 Metals & Minerals3017.543056.233019.473004.183057.123453.053004.18 Integrated mines3138.003178….
Correction (February 12, 1990)
A recent story (T.N.M., Jan. 29/90) incorrectly identified the owners of Mingold Resources. The exploration company is 50% owned by Inspiration Resources (NYSE) and 50% by Minorco Canada.