Montreal Stock Exchange Heavy Val d’Or action
Volume was moderate and the market turned downward for the week ended June 19. The mining and minerals index dropped 31.5 points, while the market portfolio was off more than 51 points. Daily trading …
News
Merchant suggests tires as backfill for Inco mines
Inco Ltd., a pacesetter in its efforts to clean up the environment, may help to rid Ontario of the hazard caused by discarded tires. Laboratory tests are being conducted to decide if tires, ground int…
U.S.REPORT X-Cal options U.S. gold bet
X-Cal Resources (TSE) recently entered into an option agreement allowing it to earn a 50% interest in the Wild Rose property in Nevada from Equinox Resources (TSE). To earn its interest in the gold pr…
Vancouver Stock Exchange Eskay heats up market
The Vancouver Stock Exchange’s resource index is ignoring gold’s lacklustre performance with a jump of almost 15 points during the week ended June 19, closing at 858.75. Gold bulls point to bottom fis…
Spot prices at a glance (June 25, 1990)
Week’s Price (US) Change Gold* $347.05 — $5.95 Silver* $4.82 — $0.17 Platinum* $473.00 — $11.40 Nickel** $3.88 + $0.09 Lead** $0.38 + $0.01 Copper- $1.15 — $0.01 Zinc $0.77 + $0.01 Courtesy of Sco…
Quebec prospector sued over claims
A Quebec prospector who was ruled to have registered claims under false pretenses several years ago in the province’s Sept Isles area has been sued successfully by the next person to register the clai…
Golden Rule consolidates La Ronge joint ventures
Calgary-based Golden Rule Resources (TSE) has consolidated its ownership interests on various joint venture projects in the La Ronge gold belt of northern Saskatchewan. Earlier this year, the company …
Airborne survey results awaited at Hixon project
Preliminary results of an airborne geophysical survey at Hixon Gold Resources’ (VSE) 4,000-acre Skidoo property near Prince George, B.C., are expected to be available this month. The wholly owned prop…
Reserve figure for Varna, Corona project
A preliminary reserve estimate has been released by Varna Gold (ASE) for the company’s Ming’s Bight gold property under option to Corona (TSE) in the Baie Verte area of Newfoundland. Based on 79 drill…
FUTURES PRICES (June 25, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 115.60 114.40 114.60 + 2.10 July 115.30 112.80 113.00 + 2.40 Aug 112.00 112.00 111.60 + 2.00 SILVER (in US c…
Akiko-Lori funding three drill programs
Three exploration drill programs are being funded this summer by Vancouver-based Akiko-Lori Gold Resources (VSE) on separate prospects in northern Ontario and British Columbia. Drilling has already st…
4 EDITORIAL PAGE Busting out in British Columbia
Those in the mining business in 1990 would do well to heed the advice of American journalist Horace Greeley, who was inspired by John Babsone Lane Soule’s words: “Go west, young man.” Today, the futur…