Cassiar reorganization gets nod
Shareholders of Cassiar Mining (TSE) voted overwhelmingly in favor of a reorganization to make one of its subsidiaries the parent of the Cassiar group of companies. Although the transaction is still s…
News
FUTURES PRICES Metal Prices (November 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 113.85 — 2.10 Dec115.00 114.30 114.35 — 3.90 Jan114.00 113.70 112.15 …
Minera Rayrock increases reserves at Chilean deposit
Drilling by Minera Rayrock (TSE) has added another two million tons of reserves to the company’s Ivan copper deposit in Chile. Reserves have been recalculated to 5.8 million tons grading 2.4% copper. …
Metal Prices (November 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 7 Nov 6 Nov 3 Nov 2 Nov 1 Copper 1662-16…
Metina, Manridge option Kelly Lake copper-nickel bet
Toronto-based Metina Developments (VSE) and associate Manridge Explorations (TSE) have acquired an option to earn a 100% interest in a 15-claim copper-nickel prospect in Blondeau Twp., Que. Moneta Por…
Rayrock awaits results from Marigold discovery
Final results from a 27,000-ft reverse circulation drilling program on the Marigold property in Nevada are expected soon, says operator Rayrock Yellowknife Resources (TSE). The company owns a 23.3% in…
Earnings slip for Amax Gold (November 13, 1989)
For the first nine months of 1989, Amax Gold (NYSE) reported earnings of $28.2 million(US) or 47 cents per share, down from $38.6 million or 64 cents per share in 1988. Third-quarter results for the…
NovaGold reports results from New Mexico property
Assay results have been released by NovaGold Resources (TSE) from two recently completed drill holes on the Summit gold project in New Mexico. NovaGold reports that both holes intersected moderate wid…
Armistice taking on partner at Virginiatown gold bet
A new underground drilling program at the gold property belonging to Armistice Resources (ME) at Virginiatown, Ont., will be undertaken using the idle underground workings of the adjacent Kerr mine. G…
Mazarin subsidiary
Quebec-based junior Societe d’Exploration Miniere Mazarin (ME) is taking on a subsidiary to allow it to focus its attention on the LAC Knife graphite project near Fermont, Que. The subsidiary, Petro G…
..add to Corona supports Goldbelt
para 5 Goldbelt recently announced it had acquired a 100% interest in about 5,600 acres in the Stikine- Galore Creek region of northwestern British Columbia. The claims adjoin holdings by Cominco Ltd…
Glencairn scheduled to begin diamond production in Brazil
Glencairn Explorations (ASE) plans to begin diamond production from its Feijao Cru project in Brazil by May, 1990, with full production at a rate of 240 cubic metres per day scheduled to begin by Sept…