First Toronto selling Forsayth interest
In a bid to improve the lot of shareholders of First Toronto Mining (TSE), the company has opted for an asset sale which will lead to either a distribution of capital or a special dividend. First Toro…
News
Peat Resources preparing sample
A bulk sample of peat fuel is being prepared for handling and burning tests by Ontario Hydro at the end of August, Peat Resources (COATS) reports. The company says peat from northern Ontario is curren…
Marshall, Eden Roc deal
Marshall Minerals (ASE) has completed the second stage of a private placement with Alberta- listed Eden Roc Mineral Corp. The deal gives Marshall 6.5 million Eden Roc shares representing 50% of the co…
Goldhunter options Cons. Milner claims
Toronto-based Goldhunter Explorations (ASE) recently acquired an option to earn a 60% working interest in 40 unpatented mining claims near Pickle Lake, Ont. Held by Milner Consolidated Silver Mines (A…
Force de-lists from VSE
Force Resources (COATS) has been de-listed from the Vancouver Stock Exchange after continued testing of samples from its Moapa Valley project in Nevada by independent laboratories failed to yield assa…
Metal Prices PRODUCER PRICES (July 17, 1989)
ALUMINUM: MW U.S. Market US83.50 cents – 85.50 cents per lb. (July 6, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $5.75-$5.85(US) per lb. (Ju…
DVR plans to market low cost cyanide production process
A Vancouver- based company plans to market a scaled down version of an established process that could dramatically reduce cyanide costs for mining companies, especially those with heap leach operation…
Placer Dome picks up interest in Jualin property near Juneau
With reserves in the ground and plenty of exploration potential left, the Jualin gold property near Juneau, Alaska, has caught the fancy of Placer Dome (TSE). Besides agreeing to spend $7 million on J…
Thorco to purchase Scottish gold bets
Toronto-based Thorco Resources (TSE) has signed a preliminary agreement to acquire a controlling stake in over one million acres of Scottish gold and silver mining licences. Under the proposed agreeme…
FINANCING (July 17, 1989)
Galico Res — gross proceeds rec $236,250. Goldhill Res — gross proceeds rec $392,000. Pars Res — gross proceeds rec $230,000. Arnica Res — gross proceeds rec $280,000. Brockton Res — gross procee…
Chesbar gets land in Lac St. Jean
Chesbar Resources (TSE) has entered the Lac St. Jean base metals play in Quebec. The company has a deal with a private company giving it the right to buy a 100% interest in 377 claims in the area. The…
Orofino may limit Canuc program if results poor
Toronto-based Orofino Resources (TSE) has informed Canuc Resources (TSE) that it is embarking on a limited summer exploration at Canuc’s Coronation Gulf gold project in the Northwest Territories. By s…