Oneida looking to increase reserves
Recent drilling on the Mexican Hat property by a unit of Placer Dome (TSE) encourages owner Oneida Resources (VSE) to predict reserves on the Arizona gold property will increase. Placer Dome is fundin…
News
Montreal Exchange More Douay drilling
The three partners in the Douay gold project in Quebec’s Casa Berardi region have started up a second drilling program representing 10,800 ft. Inco, Societe d’Exploration Miniere Vior and Cambior are …
CORRECTION (March 19, 1990)
Contrary to what was reported (T.N.M., March 12/90), the stripping ratio of the main Mt. Milligan deposit near Prince George, B.C., is estimated at 1.2-to-1. The deposit is 70% owned by Continental Go…
Gold funds as of Mar. 13
MVP BGR Central Capital Net value $12.03% %$6.19% $0.42 Price $10.875% %$6.50% $0.33 Discount 9.60% 5.0%5 21% Value $71,612,014 $104,191,720 N/A…
Acabit on ME
Newly listed on the Montreal Exchange is Exploration Acabit (symbol ACX), a Val d’Or, Que. -based company formed in late 1989 by the union of Exploration Vent d’Or and private firm Ressources Claverny…
Struggling ERG hurts Pamour
A loss of $54.8 million ($4.62 per share) was reported by Pamour (TSE) for 1989, compared with a loss of $6.4 million (54 cents per share) for the previous year. The loss includes the company’s share …
COATS (over-the-counter) Fontana spurs activity
Encouraging results were reported from one drill hole on the Fontana project near Val D’Or, Que., including a 45-ft. intersection grading 0.48 oz. per ton. Recently, another hole was completed with si…
U.S. Gold lessens liquidity problems
Through the sale of its 40% interest in the Hayden Hill project, U.S. Gold (NASDAQ) has lessened a liquidity crunch which had threatened to push the company into bankruptcy protection. U.S. Gold sold …
PRODUCER PRICES ALUMINUM: MW U.S. Market US68.50- 70.50 cents per
ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADMIUM: New York dealer US$4.60-4.80 per lb. (Feb. 22, 1990). COBALT: U….
Those who foresee mineral shortage ignore laws of nature, economics
The prophets of doom are at it again. Harking back to the theme of “Limits to Growth” put forward in 1972 by the Club of Rome, some environmentalists have pronounced mining to be incompatible with “su…
Teck, Int. Platinum look for base metals
An agreement has been reached between International Platinum (TSE) and Teck (TSE) to explore the Eagle Lake base metal prospect near Dryden, Ont. Under the terms of the agreement, Teck will spend $1.6…
Alcan recycling
Major aluminum producer Alcan (TSE) reports a recent doubling of its recycling capability in the U.S. and plans to build a major recycling centre in the United Kingdom. According to Chairman David Mor…