Edinburgh to host IMM Council in July
The 14th Congress of the Council of Mining and Metallurgical Institutions will be held July 2-6 in Edinburgh, Scotland. The focus will be the expanding range of minerals and materials required by cont…
News
BMR Correction
Gold contained in reserves at the American Mine property owned by BMR Gold (ASE) total 135,000 oz. Incorrect figures were reported in a previous story on BMR (T.N.M., Dec. 11/89).
Sudbury seminar on high tech in mining
A seminar on Canadian high-tech application in mining will be held Feb. 21, in Sudbury, Ont. It is co-sponsored by Datem Ltd., the Centre in Mining and Mineral Exploration Research, and Mining Industr…
Louvem asks for injunction to stop Aur drilling plan
Societe Miniere Louvem (TSE) and parent company St. Genevieve Resources (TSE) have applied to a Quebec court for a provisional injunction to halt surface exploration at the Louvicourt Twp. massive sul…
LAC, Rouyn hit good widths at Francoeur mine
Exceptional widths are being encountered at the Francoeur gold mine, owned equally by Rouyn Mining Resources (TSE) and LAC Minerals (TSE). Situated near Rouyn, Que., the Francoeur mine entered product…
Vancouver Stock Exchange Kokanee makes gains
Economists have been warning that a recession is just around the corner for at least the past several years. This year, with increasing evidence that the economy is indeed slowing down, the talk is be…
Four drill programs for Central Crude
Central Crude (TSE), which is moving ever closer to the Hemlo Gold Mines (TSE)-Noranda (TSE) fold, is also becoming much more active in the exploration field, with Noranda as operator. Central Crude n…
Montreal Exchange Indices well off
Investors lost ground in active trading for the week ended Jan. 16, with the market portfolio tumbling more than 38 points and the mining and minerals index declining more than 19 points. Daily volume…
Freewest, Aurogin deal
Aurogin Resources (VSE) has granted an option to Freewest Resources (ME) and Maple Creek Mines, a private company. It gives the latter two companies the right to earn a 50% interest in a base metals p…
PRODUCER PRICES Metal Prices (January 22, 1990)
ALUMINUM: MW U.S. Market US72.00 cents – 73.00 cents per lb. (Jan 11, 1990). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
Naxos releases fire assays from Shumway Lake gold bet
Flotation concentrates taken from a bulk sample on Naxos Resources’ (ASE) Shumway Lake gold property in British Columbia have assayed as high as 0.027 oz. gold per ton and 13.07 oz. silver. Naxos says…
Toronto Stock Exchange Index eases on jittery trading activity
Jittery traders ruled the floor of the TSE today, Jan. 17, as the composite index slid 27.71 points to close at 3,872.27 points. The nervousness stems from mounting concerns as to the direction of the…