Gold glass cuts energy expenses
The recently inaugurated Las Vegas Mirage Hotel is equipped with a device to reduce air-conditioning and heating costs, according to a report by The Gold Institute in Washington, D.C. In the summer, M…
News
ASARCO to earn stake in Taseko
The Canadian unit of ASARCO (NYSE) recently signed a letter of intent allowing it to earn up to a 60% interest in the Taseko copper-gold-molybdenum property, 140 miles north of Vancouver, B.C. Under t…
OBITUARIES Robert McCombe managed Ketza River
Robert (Bob) McCombe, general manager of the Ketza River gold mine at Ross River in the Yukon, died in Peachland, B.C., May 1. He was 64. McCombe was born in Dorval, 0000,0600 Que. After serving overs…
COATS (over-the-counter) Oxford Lake exploration
Continuing as a high volume trader, Lithium edged up 6 cents to close at $1.86 on a volume of 230,150 for the week ended June 5. Noranda’s Winnipeg manager said exploration on the Oxford Lake gold pro…
Queenston busy on five gold projects
Diamond drilling is set to get under way this month on five separate gold properties owned by Queenston Mining (TSE) in northern Ontario. Work programs are starting on the company’s Upper Beaver and V…
Toronto Stock Exchange Gold issues suffer as Placer Dome ponders
As investors awaited the outcome of the Meech Lake discussions and for Placer Dome to make the next move in the battle for Eskay Creek, gold issues continued to suffer today, June 6, from the recent p…
Funding of bet to be eased by Westlake, Minera merger
Westlake Industries (VSE) and 23% owned Minera Rayrock (TSE) are hoping to facilitate the development of a jointly held Costa Rican gold project by merging their respective assets into a single compan…
McKenzie challenges title to Eskay
Ken McKenzie, who has initiated several claim disputes in the Eskay Creek area north of Stewart, B.C., is now challenging Prime Resources Group (VSE) and Stikine Resources (TSE) for title to certain c…
U.S.REPORT Crown Res. options 145,000 acres in Utah
With the formation of a joint venture, Crown Resources (VSE) has acquired a 60% interest in the mineral rights to 145,000 acres in central and western Utah. Crown can earn a 60% interest in the lands …
Canadians could play role in Venezuela’s mining sector
A senior official of Venezuela’s Ministry of Energy and Mines was in Toronto earlier this month to attract Canadian investment. Until recently, foreign mining companies have been restricted from inves…
Cameco drops diamond option
An option to earn an interest in diamond exploration properties near Sturgeon Lake in northern Saskatchewan from Claude Resources (TSE) has been terminated by Cameco. The uranium producer made its dec…
Metal Prices FREE MARKET London Metal Exchange (June 11, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 5 June 4 June 1 May 31 May 30 Copper 1563-1565 1603-1605 1558-1560 1578-1580 1562-1564 Lead 488-490 4…