Tundra/High Frontier in property pact
Drilling will soon be under way by High Frontier Resources (VSE) on one of eight properties in Louvicourt Twp., Que., the company has optioned from Beaufield Resources (TSE). The properties are near t…
News
Metal snips (October 09, 1989)
A fine beryllium powder to be used in the manufacture of new metal alloys to cover aircraft that would fly at 25 times the speed of sound has been produced by researchers in New Mexico, U.S.A. Berylli…
Editorial Mining costs include decommissioning
When it comes to reclaiming property used for mining operations, it’s the mines of yesterday that get the attention, not the mines of tomorrow. The public — including those in the mining industry — …
Montreal Exchange Trading perks up
Investment activity came alive this week with the general market portfolio index climbing almost 59 points and the mining and minerals index gaining more than 49 points. Daily trading volumes were fai…
Oneida, Placer Dome in property deal
A letter of intent has been signed by Placer Dome (TSE) and Oneida Resources (VSE) whereby the former may earn a 60% interest in the Maple Lake and Floating Heart properties of Oneida in the Mishibish…
Forbex hoping to raise funds
A preliminary prospectus has been filed by Ressources Minieres Forbex (ME) with the Quebec Securities Commission for an offering of common shares, flow-through shares and warrants worth up to $1.625 m…
Golden Zone in deal with Placer Dome U.S.
Anchorage-based Golden Zone Resources (VSE) has signed a letter of intent granting a U.S. subsidiary of Placer Dome (TSE) an option to earn a 60% interest in its 100%- owned Golden zone property in Al…
MOBRUN
By 1992, the 1-million-tonne mineable reserve of copper, zinc, gold and silver in the Mobrun mine should be all mined out. Nevertheless, the amount of ore hoisted from the mine will not fall to zero a…
Reources Sept 27 Cut line Should go
(Set using regular measure). Above is a table of results from six drill holes released recently by Aur Resources (TSE) and joint venture partner Societe Miniere Louvem (TSE). The partners are explorin…
Nuinsco to lower debt via $1.4 m debenture
Toronto-based Nuinsco Resources (TSE) has entered into an agreement with Deak International Resources Holdings, whereby Deak will subscribe for a secured convertible debenture in the principal amount …
FUTURES PRICES Metal Prices (October 02, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct122.50 122.50 122.90 — 7.45 Nov– — 121.40 — Dec121.30 118.90 119.70 — 6.25 …
Cominco, Ennex deal
Two companies within the Cominco Ltd. (TSE) fold have acquired options to earn a 35% interest in 30 properties owned by Ennex International (LSE) in Ireland. Cominco Ireland and Pine Point Mines can e…