News in Brief (February 19, 1990)
Muscocho Explorations (TSE) has changed its transfer agent to Royal Trust Co.
Articles by Northern Miner Staff
SAM drilling at Timmins gold bet
Southern Arizona Mining & Smelting (COATS) has acquired a 19-claim gold property in Mallard Twp., near Timmins, Ont., and a 10,000-ft. diamond drilling program is scheduled to get under way this month…
COATS (over-the-counter) Milestone active
Shares of Milestone Exploration came to life recently with trading activity in the 40-55 cents range after a long period of dormancy at around the 20 cents -level. There were four transactions involvi…
FINANCING (February 19, 1990)
Dunvegan – 325,000 non-flow-through & 325,000 flow-through offered @ 70 cents per unit. Consolidated Harlin – 1,000,000 offered @ 18 cents per sh. Strike Egy – 643,745 sold for gross $1,223,115.50 Wes…
Hot intercept puts spotlight on Casa Berardi
Shades of the early 1980s! The Casa Berardi area of northwestern Quebec is again the focus of gold- exploration attention following the release of a single drill hole result. Project partners Inco (TS…
Ownership settled at Jasper mine
Now that ownership rights to the northern Saskatchewan claims hosting the Jasper gold mine has been settled, Cameco and Shore Gold Fund (ASE) are moving to bring the property into production by April …
Study puts expansion cost for Porgera at $660 million
Studies are complete for a staged expansion of the Porgera gold mine project in Papua New Guinea, taking into account an increase in the capital cost of the project and higher total production of gold…
Geddes tables Windy Craggy impact study
A 2-year study on the environmental impact of developing the remote Windy Craggy copper deposit in British Columbia has been submitted to the provincial government by Geddes Resources (TSE). Situated …
Amax, Coral extend agreement
Amax Gold (NYSE) and Coral Gold (VSE) have extended the date of a proposed agreement relating to Coral’s Robertson heap leach gold property in north central Nevada. The completion date of the joint ve…
Spot prices at a glance (February 19, 1990)
Week’s Price (US) Change Gold*$416.00–$ 3.90 Silver*$ 5.29–$ 0.01 Platinum*$516.10+$ 6.30 Nickel**$ 3.15+$ 0.37 Lead**$ 0.35+$ 0.02 Copper$ 1.05+$ 0.03 Zinc$ 0.62+$ 0.02 Courtesy of Scotiabank. Info…
Metal Prices (February 19, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) DateFeb 13Feb 12Feb 9Feb 8Feb 7 Copper1330-13321354-13551359-13601359-1360131…
Noranda, Major Genmeral cut strong gold zones in Nfld
Six recently completed drill holes on the Rendell-Jackman gold property in Newfoundland have yielded good results for partners Major General Resources (VSE) and Noranda (TSE). The holes were testing t…