Canyon buying Addwest
Canyon Resources (NASDAQ) has exercised an option to buy the assets of Addwest Gold for $33 million(US) plus a 2% royalty on gold production from the Briggs property in California. The option to acqui…
News
Oliver and partners drill Kitsault Lake gold project
Tanqueray Resources (VSE) and its partners Aber Resources (TSE) and Oliver Gold (VSE) have started a drill program on their 46,750-acre Kitsault Lake gold property south of Stewart, B.C. The property …
Vancouver Stock Exchange Traders skittish as index declines
The Vancouver Stock Exchange isn’t looking too exciting for investors, brokers and market watchers these days. Trading activity in recent weeks has slumped considerably since the heady weeks in August…
Redstone picks up interest in Falconbridge Dominicana
A 1% interest in Falconbridge Dominicana has been purchased by Redstone Resources (TSE). The deal gives Redstone an interest in one of the world’s largest nickel mining operations controlled and opera…
Metal Prices PRODUCER PRICES (October 16, 1989)
ALUMINUM: MW U.S. Market US79.500 cents – 81.00 cents per lb. (Oct 5, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Nickel price to fall, but not drastically
The bull market for nickel may be nearing an end, but a price collapse does not appear to be in the works, at least according to two analytical sources. The base metal, which climbed to $10.84(US) per…
Inco’s reserves good for 20 years
Inco Limited (TSE) is always at least 20 years ahead of the game when it comes to keeping track of available, potentially mineable nickel ore reserves. While the exact use of the reserves, year by yea…
Glimmer benefits from drill results near Matheson
A significant gold discovery has been made by Noranda Inc. (TSE) on property held under option from Glimmer Resources (VSE). The 14-claim property is in Beatty and Hislop twps., about 45 miles east of…
Quartz vein yields high grade gold on Talbot Lake property
Results from a surface trenching program on the Talbot Lake property owned by Placer Dome (TSE) and Golden Crescent Resources (ASE) in northwestern Ontario include 5.6 ft grading 1.08 oz gold per ton …
Armistice plans new drill program
A 10,000-ft drilling program is planned by Armistice Resources (ME) for its Virginiatown, Ont., gold property, shareholders were told at the recent annual meeting in Toronto. The drilling, to cost $75…
Athabaska, Chevron increase Nicholas Lake reserve estimate
An independent calculation of drill-indicated reserves on Athabaska Gold’s (TSE) Nicholas Lake property in the Northwest Territories has resulted in a new reserve figure. The property is about 60 mile…
Montreal Exchange Record-high index
It was a long climb, but the Montreal Exchange’s general market portfolio index this holiday- shortened week rose to a new high, despite a downturn by resources issues. The market portfolio, up 22.5 p…