Nuinsco’s Hume a believer
Nuinsco Resources (TSE) President Doug Hume remains doggedly determined that his company’s Cameron Lake gold project in northwestern Ontario will even tually be a mine. After a number of setbacks, inc…
News
Noranda to drill Orcana’s Val d’Or base metal claims
A $200,000 exploration program is scheduled to begin this month on Orcana Resources’ (VSE) Farquharson base metal property recently optioned by Noranda Exploration, a unit of Noranda (TSE). The proper…
Market speculation pushes Miramar
Junior company Miramar Mining (VSE) has once again become the subject of market speculation over its 49% owned Bruner project, also known as the Paymaster properties, in Nye Cty., Nev. Common shares o…
Falco extends program
Falconbridge Gold (TSE) will extend the expiry date of its small shareholder selling program to Feb. 28. Originally scheduled to expire on Dec. 28, the program enables shareholders owning 99 or fewer …
Freewest, Aurogin deal
Aurogin Resources (VSE) has granted an option to Freewest Resources (ME) and Maple Creek Mines, a private company. It gives the latter two companies the right to earn a 50% interest in a base metals p…
Atlantic Report Cape Breton Highlands get going over
Despite a dramatic drop in activity in the junior resource sector in Nova Scotia since the heyday of flow-through shares, exploration is continuing, mostly by majors and the few juniors which have man…
PRODUCER PRICES Metal Prices (January 22, 1990)
ALUMINUM: MW U.S. Market US72.00 cents – 73.00 cents per lb. (Jan 11, 1990). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Corona offering near $100 million
Following in the steps of two other major Canadian gold producers, Corona (TSE) has gone to the market to raise capital through an offering worth almost $100 million. Toronto-based Corona will issue n…
Radisson identifies continuity of zones
Exploration on the 6th level of the Duquesne mine, about 19 miles north of Rouyn-Noranda, Que., has identified the continuity toward the west of the main mineralized zones, Radisson Mining Resources (…
Arizona leads in mining
Arizona is the leading nonfuel mineral producer in the U.S., according to figures released by the U.S. Bureau of Mines for 1988. The value of mineral production reported for Arizona was in excess of U…
Aur seizure improper: court
Montreal-based St. Genevieve Resources (TSE) appears to have won the first round in its legal fight with Aur Resources (TSE) for control of about 8.4 million shares of Societe Miniere Louvem (TSE). A …
Westar Mining object of market speculation
Is a restructuring, redemption, or all-out takeover at hand for holders of preferred shares of Westar Mining (TSE)? Recent market action would suggest that the street thinks something is in the works….