Trader has reserves
Additional work has been recommended for Trader Resource Corp.’s (TSE) Ronnoco gold property near Timmins, Ont. Dean Rogers, geological consultant to Trader, concluded that an additional $500,000 prog…
News
Eastmaque takes on partner for American Girl mine
Although its Kirkland Lake tailings operation will remain wholly- owned, Eastmaque Gold Mines (TSE) has taken on a joint venture partner for its American Girl gold mine located in southeastern Califor…
Correction (August 14, 1989)
Marshall Minerals Corp. (ASE) will receive 65% of the sale proceeds from the Restigouche base metals deposit in New Brunswick. East West Caribou Mining, which will process the ore, will receive 35% of…
New reserve calculation expected for Chu Chua
Recent drilling by Minnova Inc. (TSE) is expected to translate into an increase in contained tonnage for the Chu Chua massive sulphide project located near Kamloops, B.C. The property is located withi…
First Toronto’s Forsayth placed on auction block
The Mount Gibson gold mine has breathed new life into this part of Western Australia where the economy has almost been paralyzed by poor prices for agricultural products. The project, which has been p…
Ezekiel gets option on Aurizon’s Val d’or claims
Aurizon Mines (TSE) has granted Ezekiel Explorations (VSE) the right and option to participate in a joint venture and earn a 49% interest in 16 claims adjacent to the discovery property of Aur Resourc…
Mining Convention `89 set for San Francisco
The American Mining Congress convention will be held in San Francisco Sept 17-20, and will focus on “Meeting the challenges of the ’90s.” Sessions will cover mine financing and how to woo Wall St., st…
Corona drilling Varna’s Mings Bight
Corona Corp. (TSE) has started a diamond drilling program on Varna Gold’s (ASE) Mings Bight property in Newfoundland. Drilling is testing the Lightning zone which hosts three mineralized zones in a se…
Interest in Midway zinc increased by Regional
Regional Resources (TSE) plans to accept an offer from Canamax Resources (TSE) to buy that company’s 24.5% interest in the Midway zinc-silver project in northern British Columbia. Canamax wants $1.1 m…
Lenora to earn in at Eagle Lake bet
Having agreed to earn a 60% stake in Eagle Lake Explorations’ (ASE) Yukon base metal property, Greater Lenora Resources (ME) is to start a 3,000-ft drill program within two weeks. Under a recent agree…
Metal Prices PRODUCER PRICES (August 07, 1989)
ALUMINUM: MW U.S. Market US80.25 cents – 82.25 cents per lb. (July 27, 1989). ANTIMONY: New York dealer 95 cents -$1.00(US) per lb. (July 20, 1989). BISMUTH: New York dealer $5.50-$5.65(US) per lb. (J…
Montreal Exchange Silidor going ahead
Investors in resource issues appeared to enjoy themselves this week, sending the mining and minerals index soaring with a gain of more than 101 pts. The market portfolio also did well for itself, jump…