Brunswick extends new sulphide zone
Recent drilling on a sulphide lens discovered last year at the north end of Brunswick Mining and Smelting’s (TSE) No. 12 mine near Bathurst, N.B., has extended the zone along strike and at depth. Most…
News
Inco sees 10% cost increase – Nickel grades declining
Nickel producer Inco (TSE) will likely face a 10% increase in production costs next year as grades at the company’s Canadian mines bottom out, Chairman Donald Phillips told a group of analysts at a re…
IOCC GOLD OPTIONS (November 26, 1990)
Options Open Series Volume Last Interest Feb. 370 C 210 22.50 305 Feb. 380 C 237 17.50 761 Feb. 400 C 163 7.70 1,119 Feb. 410 C 252 5.50 1,844 Feb. 420 C 321 4.00 1,916 Feb. 430 C 140 3.00 569 Feb. 46…
Malartic cuts good holes at Orion mine
Toronto-based Malartic Hygrade Gold Mines (VSE) says better than expected drill results have been encountered during recent delineation drilling on its 60% owned Orion property near Val d’Or, Que. The…
Jordex buying stake in Bolivian project
Jordex Resources (VSE) has finalized an agreement with Compania Minera Tiwanacu of Bolivia to earn a 50% interest in the latter company’s base and precious metal properties in South America. The compa…
Minnova identifies new gold targets
Minnova (TSE) plans to begin a 10-hole drill program next January on the company’s 9,500-acre claim group in the Rouyn-Noranda camp of northern Quebec. Golden Briar Mines (ME) retains a 10% cash flow …
PRODUCER PRICES (November 26, 1990)
ALUMINUM: MW U.S. Market US73.50- 74.50 cents per lb. (Nov. 15, 1990). ANTIMONY: New York dealer US80-83 cents per lb. (Sep. 6, 1990). BISMUTH: New York dealer US$2.80-2.90 per lb. (Sep. 13, 1990). CA…
Thermal confirms copper-rich core
Three recently completed infill holes have confirmed the presence of a high-grade copper core at the Williams Creek oxide deposit of equal partners Thermal Energy (ASE) and Western Copper Holdings, an…
Metalore drops counter claim
Metalore Resources (TSE) has withdrawn its counter claim against Ontex Resources (ASE) in the wake of a lengthy court battle for control of the disputed Brookbank gold property in northern Ontario. Th…
New Kelore senior management resign
As part of the recent resignations at RFC Resource Finance (TSE), New Kelore Mines (TSE) has also lost its chairman, president and two directors. Chairman Carl Ashenhurst and President Douglas Nichols…
Alban, Noranda plan drill sites at Mitzi
As Noranda (TSE) completes an additional IP survey over the Mitzi gold-copper property, 19 km west of the Mount Milligan project in central British Columbia, joint venture partner Alban Explorations (…
Drilling commenced on Lakewater
Drilling has commenced on the Lakewater property located five kilometres southwest of the Eskay Creek deposit in northwestern British Columbia. The Lakewater property is equally owned by Akiko-Lori Go…